Yukon natives negotiate claims
The Council for Yukon Indians, Na-cho Ny’a’k Dun First Nation, the Yukon government and the federal Department of Indian Affairs and Northern Development recently completed negotiations on the princip…
Articles by Northern Miner Staff
Renabie closing looms closer
Mining operations at the Renabie gold mine near Wawa, Ont., will cease permanently as early as Aug. 4 and no later than Sept. 30, says Renabie Gold Mines, a subsidiary of International Corona (TSE). A…
IOCC Gold Options (July 29, 1991)
Options Open Series Volume Last Interest The New York closing gold price was $367.60 per oz. Last quotations for gold options traded in Montreal and Vancouver as provided at the close of trading each …
Firm nickel price cited for Timmins Nickel’s strength
Investor interest in shares of Timmins Nickel (TSE) recently drove the issue to a high for the year of $1.38 compared with its low of 42 cents. President Stephen McIntyre attributed the share activity…
Agreement signed on Andacollo
A unit of Placer Dome (TSE) recently concluded an agreement with a Chilean government mining corporation for evaluation and possible development of the Andacollo copper deposit in northern Chile. The …
B.C.’s mining industry reeling after $95-million loss in 1990
The fortunes of British Columbia’s mining industry continued a downward trend in 1990, with coal operations being particularly hard hit and the industry suffering an aggregate loss of $95 million for …
Operating costs up at Hemlo Gold
Hemlo Gold Mines (TSE) reported earnings of $8.6 million (10 cents per share) for the second quarter compared with $1 million for the same period last year. The 1990 income included the writedown of H…
Hemlo completes gold acquisition
The transfer of Noranda’s (TSE) gold assets to Hemlo Gold Mines (TSE) is complete. In exchange for 8.61 million of its common shares, Hemlo acquired all of Noranda’s gold assets including joint ventur…
Drilling starts at Paydirt
A diamond drill program has started on the Paydirt property to test several targets outside the Paydirt deposit which contains preliminary reserves of 204,000 tons grading 0.12 oz. gold per ton. The p…
Pegasus lists on Montreal exchange
Washington-based Pegasus Gold (TSE) recently listed its common shares on the Montreal Exchange. Incorporated in British Columbia, the gold producer operates four mines in the western U.S. with a total…
FUTURES PRICES (July 29, 1991)
N.Y. Commodity Exchang Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jul 99.80 99.00 99.25 + 0.60 Aug 99.25 99.05 99.60 Sep 99.95 99.00 99.50 + 0.85 SILVER (in US cents per oz.) Jul 4…
Unlisted Trading (July 29, 1991)
Gold analyst David James’ positive comments on the Holloway project, about 40 miles east of Matheson, Ont., have renewed investor interest in Teddy Bear Valley Mines. A portion of Holloway’s famous Li…