U.S. REPORT (September 30, 1991)
New York-based metals giant Asarco (NYSE) has reached a settlement with the U.S. federal government over alleged health and safety rule violations at its East Helena smelter in Montana. Back in 1988, …
Articles by Northern Miner Staff
Vancouver Stock Exchange (September 30, 1991)
Despite a boost in the price of gold over the US$350 level again, the resource index remained flat over the week ended Sept. 24 at 533.63 while the composite index managed a 3.82-point gain to finish …
Metal Prices (September 30, 1991)
ALUMINUM: MW U.S. market US56.50-58.00 cents per lb. (Sep. 12, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.15-3.25 per lb. (Jul. 18, 1991). CAD…
Noront cuts deal with McKinnon
Toronto-based Noront Resources (VSE) has entered an agreement with prospector Don McKinnon to acquire a 60% interest in the Hurdman Twp. base metal and Clavos West gold properties in northern Ontario….
Alberta Stock Exchange (September 30, 1991)
Following its court battle with Metalore Resources over the Brookbank gold property in northwestern Ontario, Ontex Resources has announced a letter of intent covering an option deal with large gold pr…
New deposit at Matagami camp
Surface drilling on the western portion of the Orchan property near Matagami, Que., has discovered a deep, massive sulphide deposit with one hole intersecting 130.1 ft. grading 17.31% zinc and 2.11% c…
EDITORIAL PAGE (September 30, 1991)
American Barrick Resources Chairman Peter Munk stands to make $36.6 million when he sells two million shares he bought earlier this year through stock options granted in 1987. Munk will likely take a …
Toronto Stock Exchange (September 30, 1991)
Constitutional issues aside, Inco Ltd. was the big talking point among mining watchers during the week ended Sept. 24. The nickel miner’s activities clearly caught the attention of residents in Sept-I…
Guest Column; Business must practise what it preaches
The Canadian business community faces a crisis of confidence in our credibility with the general public. Too many Canadians believe that we, the business community, do not operate in a manner that ben…
NEWS IN BRIEF (September 30, 1991)
Marshall Minerals (ASE) announced a normal course issuer bid to acquire about 1.4 million of its outstanding shares through the open market to Sept. 15, 1992. The company has almost 27 million shares …
St Andrew bonds
A renewal of an offer to exchange 5.75% convertible bonds into convertible preferred shares at a ratio of 2,940 preferred shares for each CHF (Swiss franc) 5000 bond, until Sept. 27, has been announce…
Keno mine adits under observation
The president of United Keno Hill Mines (TSE) says the company is addressing Environment Canada concerns about pollution from two adits at the Elsa silver mine. “We believe we’ve got a solution that w…