IOCC GOLD OPTIONS (May 27, 1991)
Options Open Series Volume Last Interest Aug 360 P 100 11.00 215 The New York closing gold price was $356.70 per oz. Last quotations for gold …
Articles by Northern Miner Staff
Cleanup costs make past producers unpopular – It’s hard to sell an
It was once the case with dormant mines that any prospects for a re-opening rested with the underground potential. In today’s environmental climate, the focus has shifted to the surface, specifically …
Hemlo Gold charged in spill
A cyanide spill in March, 1990, at the producing Golden Giant gold mine of Hemlo Gold Mines in the Hemlo area of northern Ontario has resulted in the laying of charges by the Ontario and federal gover…
Higher revenue for LAC but earnings down a third
Both LAC Minerals (TSE) and subsidiary Bond Gold International reported higher revenues for the first quarter of 1991. While revenues at LAC were US$131.4 million, up from US$111.4 million a year ago,…
With four contracts in hand, Deak planning mill expansion
Ambitious plans to turn the Kerr mill at Virginiatown, Ont., into a processing centre for gold and base metal miners in the Kirkland Lake region are rapidly taking shape. Since it acquired the 50-year…
WisCan files offering
Toronto-based WisCan Resources (TSE) said recently it has filed an exchange offering prospectus for the distribution of units to raise $1-2 million for its Wisconsin joint venture with Noranda (TSE). …
American to sell Paymaster stake
Vancouver-based American Reserve Mining (ME) has decided to sell its 40% interest in the Paymaster gold mine project at Timmins, Ont. The company says it has held discussions with potential buyers and…
OGS in advance Sudbury move
Sixteen employees of Ontario’s Ministry of Northern Development and Mines recently took up positions at the Ontario Geological Society’s (OGS) “advance office” in Sudbury, Ont. The OGS is set next yea…
NEWS IN BRIEF Jazzman Resources Inc.
Jazzman Resources Inc. (JZM:VSE) has changed its transfer agent to Pacific Corporate Trust.
NEWS IN BRIEF Blue Gold Resources Ltd.
Blue Gold Resources Ltd. (BLQ:VSE) has changed its transfer agent to Pacific Corporate Trust.
Corona net earnings slip
First-quarter net earnings of Corona (TSE) slipped to $6.2 million this year from the $10.5 million reported in the first three months of 1990. The company said the decrease reflects a decline in oper…
Spot prices at a glance (May 27, 1991)
Price (US) Week’s Change Gold* $356.75 — $ 3.50 Silver* $ 4.09 — $ 0.03 Platinum* $392.75 — $ 0.15 Nickel** $ 3.66 — $ 0.13 L…