Pronto in default on Wilanour bet
According to a notice from partner TVX Gold (TSE), Pronto Explorations (TSE) is in default of joint venture payments totalling $613,942 — Pronto’s share of expenses for the Wilanour property at Red L…
Articles by Northern Miner Staff
Spot prices at a glance (June 10, 1991)
Price (US) Week’s Change Gold* $361.60 + $ 0.85 Silver* $ 4.17 + $ 0.03 Platinum* $378.50 — $14.15 Nickel** $ 3.70 — $ 0.04 Lead** $ 0.24 …
U.S. REPORT Cominco Resources tests imported ore
A 20,000-tonne test shipment of imported nickel ore is expected to be received this month at the Glenbrook nickel smelter in Riddle, Ore. Cominco Resources International (TSE), which owns 50% of the …
U.S. REPORT Production decision for Beartrack expected from FMC by
A production decision is expected sometime later this year for the advanced Beartrack gold project in Lemhi Cty., Idaho. FMC Gold (NYSE) has a 71% interest in the property comprised of the North and…
Atlas acquiring Nerco properties
Directors of Atlas (NYSE) recently approved an agreement-in-principle with a unit of Nerco (TSE) whereby Atlas will acquire Nerco’s interest in about 751 unpatented mineral claims in Nevada and Oregon…
Unlisted Trading Willingdon big trader
During a week of scanty news from juniors on the Dealing Network, over two million shares of Willingdon Resources changed hands, taking the stock from a low of 80 cents to a high of $2.10. The company…
Drift cuts 96 ft. of 0.31 oz. gold at Paymaster
Assay results from the Paymaster gold mine project near Timmins, Ont., have prompted mining executive Pat Sheridan to purchase an 18.5% stake in American Reserve Mining (ME), a partner on the project,…
OBITUARY Harvey Stevenson Southam
Harvey Stevenson Southam, senior vice-president of Southam Business Communications Inc. responsible for Canadian publishing including The Northern Miner, died suddenly May 31 in Toronto. Southam was b…
Free trade for geologists
All necessary operational procedures are in place at U.S. Immigration and Naturalization Service offices for Canadian geologists to obtain entry into the U.S. as professionals under the terms of the F…
Asarco to earn Col interest
A recently signed joint venture agreement between Kookaburra Gold (VSE) and Asarco (NYSE) gives Asarco the option to earn a 70% interest in the Col property by spending a total of $10.35 million. The …
Metal prices hurt Hecla
A drop in the prices of gold, silver, lead and zinc helped push Hecla Mining (NYSE) into a US$2.7-million loss for the first quarter of 1991. This compares with earnings of US$4.6 million in the year…
U.S. REPORT Spokane Stock Exchange closes
The Spokane Stock Exchange, which played an important role in financing mining activities throughout the Pacific Northwest for 94 years, closed its doors May 24. “It was a sad day,” said Stan Covey, …