Globex, Noranda in option deal
An option agreement to earn up to a 70% interest in the Lyndhurst project north of Rouyn-Noranda, Que., from Globex Mining Enterprises (ME) has been signed by Noranda Exploration, a unit of Noranda (T…
Articles by Northern Miner Staff
Crown hurt by drop in Kettle River’s grade
Lower grades as well as slightly lower recoveries at the 30% owned Kettle River gold mine in northeastern Washington are reflected in this year’s first-half results for Crown Resources (VSE). Crown re…
TORONTO STOCK EXCHANGE INDICES (August 26, 1991)
Aug 20 Aug 19 Aug 16 Aug 15 Aug 14 High Low Composite “300” 2485.26 3484.61 3527.54 3534.44 3541.83 4009.47 3009.91 Metals & Minerals 3033.77 3040.22 3061.76 3091.39 3076.54 3453.06 2502.63 Integrated…
GOLD FUNDS (August 26, 1991)
BGR Central Net Value $8.94 $5.01 Price $8.00 $4.700 Discount 10.51% 6.2% Value $53,249,416 $79,074,210…
Toronto Stock Exchange (August 26, 1991)
For the second time this year, gold has failed to live up to its reputation as a sure-fire investment during periods of political upheaval. As Soviet troops rolled into Moscow during the week ended Au…
Gold Fields explores Eskay camp
A recent option agreement allows Gold Fields Mining to earn a 50% interest in the Lakewater property near Eskay Creek by spending $4 million over five years. The northwest British Columbia property is…
Giant Pacific plans warrant issue
Toronto-based Giant Pacific Petroleum (VSE) plans to issue 2.8 million special warrants at 18 cents per warrant through a private placement. Proceeds of the fully subscribed placement, in addition to …
Tenajon acquires Bend gold vein
A 10-hole drill program was recently completed on the Bend vein, a gold exploration target near Stewart, B.C. The vein is located within claims owned by the Summit joint venture held equally by Tenajo…
Prototype trial of mini-drill proves successful at Sigma
The Centre de Recherche Industrielle du Quebec, in co-operation with Atlas Copco, has developed a mini-drill that is innovative in several respects. Designed to meet the requirements of Sigma mine of …
EDITORIAL PAGE (August 26, 1991)
The failure of gold to react to the crisis in Moscow is clear evidence that gold is just another commodity on the world’s trading markets. But then the world has become blase about political crises al…
Writedown results in red ink for gold producer Corona
A net loss of $13.3 million or 19 cents per share was reported by International Corona (TSE) for the first six months of this year after taking into account a $21.9-million writedown of its investment…
Metal Prices (August 26, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug 20 Aug 19 Aug 16 Aug 15 Aug 14 Copper 1334-1334 1341-1342 1324-1325 1313-1315 13…