IOCC GOLD OPTIONS (July 15, 1991)
The New York closing gold price was $369.40 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…
Articles by Northern Miner Staff
METAL PRICES FREE MARKET (July 15, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 9 July 8 July 5 July 4 July 3 Copper 1385-1386 1392-13…
No acceptable bids for Lobo
No acceptable offers were received by Cominco Resources International (TSE) and its joint venture partner for the Lobo gold property in Chile. N.M. Rothschild & Sons solicited bids for the sale of th…
INSIDER TRADING VSM consultant sells shares
Former VSM Exploration (TSE) director Gilles Tremblay recently sold a considerable portion of his holdings in the 53.9% owned affiliate of gold miner Placer Dome (TSE). According to the Ontario Secur…
Paymaster stake off the block
More than halfway through a 10,000-ft. underground program at the Paymaster gold mine project near Timmins, Ont., Placer Dome (TSE) and American Reserve Mining (ME) continue to intersect strong widths…
Cornucopia halts merger plan, Galactic holds talks with DCC
The proposed merger of Galactic Resources (TSE) and Cornucopia Resources (TSE) into one company has been terminated. Galactic said the cancellation of the merger was “amicable” and will not affect the…
SB mine on track
The first batch of development ore from the SB gold property is being processed at Westmin Resources’ (TSE) Premier gold mill near Stewart, B.C. About 15,000 tons are expected to be processed during …
Crew, Moraga state reserves on Vancouver Island property
A preliminary reserve estimate was released by Crew Natural Resources (VSE) for the Red Dog copper property on northern Vancouver Island. The project is near a producing copper mine, and is being dev…
First hole pulls good values from Spectrum project
The first hole of this season’s drilling program on the Spectrum property in northwestern British Columbia returned a number of good gold intersections. Hole 91-63 intersected 176 ft. (from 100 ft. t…
Exploration in Nova Scotia turns to base metals
With new exploration models and technology, the major mining companies are positioning themselves to take an integrated approach to base metals exploration in Nova Scotia. Recent staking indicates ren…
Canmine acquires Mexican silver bet
Toronto-based Canmine Resources (CDN) has agreed to purchase the San Antonio silver property in the province of Chihuahua, Mexico. In exchange for 100,000 common Canmine shares and a 15% net profits r…
Prime moves to acquire Goldnev
Already the owner of 36.7% of the outstanding shares of Goldnev Resources (VSE), Prime Equities (VSE) plans to acquire the balance under a recently announced takeover offer. Prime is offering Goldnev …