Imperial loss first in six years
Low metal prices and depressed equity markets combined to end a 6-year string of profits for Imperial Metals (TSE). The company reported a loss of $4.47 million, or 21 cents per share, during its fisc…
Articles by Northern Miner Staff
New mining rules for Saskatchewan
New environmental regulations for Saskatchewan’s mining industry took effect recently, following approval by the provincial cabinet. “These new regulations make Saskatchewan a world leader in environm…
Gem safari to Thailand
Ronald Stokes, a Vancouver-based mining consultant and gemmologist, will be leading a gem safari to exotic Thailand for three weeks from Jan. 12 to Feb. 1, 1992. This will be the third gem safari led …
Second-quarter loss for Inland
Junior producer Inland Gold and Silver (NASDAQ) reported a net loss of US$95,356 from sales of US$846,500 for its 1991 second quarter, compared with net income of US$80,484 from gold sales of US$848,0…
Tanqueray strikes deal with Westmin
Under a new agreement with Westmin Resources (TSE), Tanqueray Resources (ASE) has the option to earn a 100% interest in the Little Stull Lake gold project in northeastern Manitoba. Currently, the Calg…
Rio buys 9.9% of El Condor for its stake in Kemess project
A recently arranged private placement of 1.07 million common shares priced at $2.80 each gives Rio Algom (TSE) an initial foothold in El Condor Resources (VSE) and its Kemess gold-copper project in no…
BOOK BRIEFS (August 26, 1991)
Yesterday, Today and Tomorrow, by Matt Bray and Ross Danaher. Published by The Association of Mining Municipalities of Ontario. 45 Hillside Drive North, Elliot Lake, Ont. P5A 1X5. 38 pages. The Associ…
Cambior shifts to base metals with U.S. acquisition
Gold producer Cambior (TSE) has made a move into the base metal field south of the border by acquiring a company with copper prospects in Arizona, Idaho and Nevada. A wholly owned subsidiary, Cambior …
Ontario gives grants worth $4 million for exploration
Ontario’s Ministry of Northern Development and Mines approved 420 applications representing $4 million in grants for funding this year under the Ontario Prospectors Assistance Program (OPAP), the mini…
Citadel finds new zones in Jamaica
Grab samples from an old trench on the Job’s Hill property in Jamaica have returned assays of up to 8.9% copper, 0.14% molybdenum, 0.12 oz. gold per ton and 2.2 oz. silver for Citadel Gold Mines (TSE)…
Galactic cuts first-half loss while Ridgeway output falls
The net loss for Galactic Resources (TSE) totalled US$2.15 million during the 1991 first half, compared to net income of US$6.98 million in the same period last year. The loss includes an after-tax ga…
FUTURES PRICES (August 26, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 99.75 99.20 99.20 – 1.10 Sep 99.80 99.00 99.10 – 1.25 Oct 98.90 98.90 98.70 – 2.05 SILVER (in US cents per oz…