FMC options gold prospect from Vera Cruz
According to a recent joint venture agreement, a unit of FMC Gold (NYSE) is about to begin an exploration program on a gold prospect held by Vera Cruz Minerals (VSE) near Carrizozo in Lincoln Cty., N….
Articles by Northern Miner Staff
QPA convention set for Sept. 11-13
The annual convention of the Quebec Prospectors Association will take place Sept. 11-13 at Rouyn-Noranda, Que. Theme of the 1991 convention is “Exploring to secure the future.” In addition to the usua…
Mining companies announce layoffs
Layoffs were announced this summer at several British Columbia mining operations, the most recent affecting 98 employees at the Myra Falls underground copper-zinc mine complex operated by Westmin Reso…
FUTURES PRICES (September 02, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US per lb.) Sep 103.00 101.50 102.90 + 3.80 Oct 102.35 101.50 102.50 + 3.80 Nov 101.40 101.05 102.20 SILVER (in US cents per oz.) S…
PRODUCER PRICES (September 02, 1991)
ALUMINUM: MW U.S. market US57.50-58.25 cents per lb. (Aug. 15, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.15-3.25 per lb. (July 18, 1991). CAD…
OMIP grants cover more but total budget unchanged
Under recent changes to the Ontario Mineral Incentive Program (OMIP), all qualified exploration programs in Northern Ontario will be eligible for a grant equal to 50% of expenses, to a maximum of $300…
View from the West (September 02, 1991)
Last month’s “View from the West” column (T.N.M., July 29/91) briefly illustrated the deplorable state of venture capital financings by comparing Vancouver Stock Exchange financings for the first six …
Fewer towns spring up around mines in the wilderness
Strung out across Canada are 115 communities dependent on mining for their economic base. Familiar place names spring to mind: Yellowknife, N.W.T.; Faro, Yukon; Kimberley, B.C.; Flin Flon, Man.; Timmi…
MVP reaches deal with bondholders
Toronto-based MVP Capital (TSE) says it has resolved a number of matters relating to proposed restructuring of about $10 million in outstanding convertible Swiss bonds. Following discussions between M…
Montreal Exchange (September 02, 1991)
Precious metal prices remain in a slump, a condition reflected in the mining and minerals index, which closed down by almost 14 points for the week ended Aug. 27. The general market portfolio index ha…
Micham intersects gold mineralization in Switzerland
Results from a 2-hole diamond drilling program on International Micham’s (VSE) Disentis property in Switzerland have confirmed the presence of a wide gold zone. Hole 91-1 intersected 246 ft. averaging…
Starmin, Adonos to invest in Philippine porphyry project
A large copper-gold porphyry deposit on the Philippine island of Negros has attracted a couple of Toronto-based juniors intent on bringing it into production. Starmin Mining (TSE) and Adonos Resources…