Toronto Stock Exchange (October 21, 1991)
Riding on lower interest rates, a firmer gold price and share price advances in New York, the Toronto market rallied to post its largest one-day gain for several months during the week ended Oct. 15. …
Articles by Northern Miner Staff
Unlisted Trading (October 21, 1991)
Despite a lacklustre market, Black Gregor Explorations’ continuing efforts to enlist major companies as joint venture partners for its properties have sustained investor interest in recent weeks. The …
Minnova drops Fireweed project
After carrying out about 9,000 ft. of drilling on the Fireweed property near Smithers, B.C., Minnova (TSE) decided to terminate its option to earn a 70% interest in the project from Mansfield Minerals…
NovaGold takes technology risk
Gerry McConnell, president of NovaGold Resources (TSE), firmly believes that the long-term survival of his company depends on a healthy degree of risk. That strategy explains NovaGold’s ambitious fora…
Similco strike over
The recent vote in favor of a new collective agreement ends a 4.5-month strike at the Similco open pit copper mine near Princeton, B.C. The mine is owned by Princeton Mining (TSE). Employees will be r…
PRODUCER PRICES (October 21, 1991)
ALUMINUM: MW U.S. market US52.60-53.50 cents per lb. (Oct. 3, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADM…
Kennecott extends zone on Lockwood property
Situated near Everett, Wash., the Lockwood property is owned 65% by Island-Arc Resources (VSE) and 35% by Formosa Resources (VSE). The two juniors financed early work on the property which led to Isla…
Arimetco gets copper values above Ann Mason deposit
Copper oxide specialist Arimetco International (TSE) recently obtained some encouraging results from drilling at a huge copper deposit located three miles from its Yerington mine in Nevada. The revers…
The facade of Soviet mining
Editor’s note: The president of Toronto-based Franco-Nevada Mining Corp., Pierre Lassonde, wrote about his summer trip to the Soviet Union, extractions of which follow. On Aug. 1, 1991, I left New Yor…
New treatment for complex ores gets field test in New Brunswick
The treatment of refractory gold ores has spurted ahead in the last 10 years with plants now operating in Nevada, California and Utah. Canada has not been left out of the picture — the first autoclav…
Western Copper plans work on Williams Creek feasibility
Because of favorable results from this year’s drilling program, partners Western Copper Holdings (VSE) and Thermal Exploration (ASE) plan to proceed with an independent reserve calculation and pit des…
El Condor expects to double reserves at Kemess project
With this year’s first-phase drilling program on the South Kemess property complete, 60% owner and operator El Condor Resources (VSE) is predicting a doubling of reserves. St. Philips Resources (VSE) …