New Mexican option for Chutine
As part of its strategy to tie up additional ground along the Sonora porphyry copper belt, Chutine Resources (VSE) has agreed to option a 400-hectare property near Moctezuma, Mexico. Under the agreeme…
Articles by Northern Miner Staff
LETTERS TO THE EDITOR (August 19, 1991)
The Odds `n’ Sods column “Revisiting Quebec’s north in the 1950s” (T.N.M., July 29/91) is an offensive and provocative article which The Northern Miner, with its long experience of the North country, …
NEWS IN BRIEF (August 19, 1991)
Vanex Resources Ltd. (VX:VSE) has changed its name to Poplar Resources Ltd. (PPX:VSE) with a consoli-dation of capital on a 1-new-for-4-old share basis.
Redstone boosts Falcondo interest
Agreement to boost its interest in the Falconbridge Dominicana (Falcondo) nickel operation from 1.7% to 2.2% has been reached, Redstone Resources (TSE) reported. Falcondo produces 68 million lb. nicke…
Sindor shelves Lisbon Valley
Denver-based Sindor Resources (TSE) has suspended development of the Lisbon Valley copper project in Utah after receiving the results of recent technical and financing studies. The company will also c…
PEOPLE (August 19, 1991)
Richard Brissenden appointed chief executive officer and director.
Westar Mining losses mount
Low coal prices and the high level of the Canadian dollar continue to take their toll on Westar Mining (TSE). The company reported a net loss of $9.8 million for its 1991 second quarter and a loss of …
IOCC GOLD OPTIONS (August 19, 1991)
The New York closing gold price was $350.00 per oz. Last quotations for gold options traded in Montreal and Vancouver as provided at the close of trading each Tuesday by the Montreal Exchange. Only th…
TSE Short Positions (August 19, 1991)
Semi-monthly reports as of July 31, showed 21,418,054 shares of 579 issues compared with 22,733,628 shares of 571 issues on July 15. Larger individual positions included: Amax Gold 0, down 31,900; Ame…
Earnings slip for Equity Silver
First half earnings for Equity Silver Mines (TSE) were $2.7 million this year, compared with earning of $6.5 million in the same period last year. Earnings for the second quarter ended June 30 dropped…
Tailings yield gold for operators
A pair of tailings retreatment projects continue to yield gold in the Kirkland Lake, Ont., area, while a similar project at Timmins, Ont., has been shut down and a fourth in the Northwest Territories …
Toronto Stock Exchange (August 19, 1991)
Two of Canada’s newest issues made their presence felt during the week ended Aug. 13 despite more depressing news on the metals front. As metal inventories on the London Metal Exchange reached a recor…