U.S. REPORT (August 19, 1991)
North America’s largest gold producer, Newmont Gold (NYSE), reported pouring its 10 millionth oz. Aug. 1 from its mines on the Carlin Trend in northeastern Nevada. Newmont brought its first Carlin Tre…
Articles by Northern Miner Staff
Large wollastonite find uncovered at Lac St-Jean
Exploration has uncovered a 100-million-tonne deposit of wollastonite in the Lac St-Jean region of Quebec. According to the Quebec Ministry of Energy and Resources, this figure makes the deposit the l…
EDITORIAL PAGE (August 19, 1991)
Canadians are being taxed into an economic grave. Perhaps it’s time to be taking a hard look at the likes of Algoma Steel. We certainly don’t envy the task of Earl Joudrie, its new chairman trying to …
Arimetco Int’l. completes debenture private placement
U.S. copper miner Arimetco International (TSE) has completed a private placement of US$8.75 million worth of convertible notes to finance development of its Van Dyke porphyry copper project in Arizona…
Parlake renamed Concord Capital
Toronto-based Parlake Resources has changed its name to Concord Capital Corp. (TSE) to more accurately reflect its status as a holding and investment company rather than as a resource-based concern.
Carina, Manchester commence second-phase ROK exploration
A second-phase exploration program has started on the ROK property, an equal joint venture between Consolidated Carina Resources (VSE) and Manchester Resources (ASE). The copper-gold property is in th…
METAL PRICES (August 19, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 101.40 100.40 101.03 + 0.30 Sept 101.50 100.20 101.35 + 0.55 Oct 100.75 100.00 100.75 + 0.45 SILVER (in US ce…
Output up for Placer Dome, profit down
Despite increased gold production, Placer Dome (TSE) reported a substantial decline in this year’s first-half earnings from 1990 levels because of lower gold prices and a reduced contribution from bas…
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…
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…