Falco to construct new SO2 plant
A liquid sulpher dioxide plant will be built at the Kidd Creek mine in Timmins, Ont., following an agreement between Falconbridge and Masulex, a major supplier of SO2 and sulphuric acid. Under the agr…
Articles by Northern Miner Staff
El Condor, Covenant complete purchase of Kemess property
The sale of Kennecott’s interest in the North and South Kemess properties is now complete with the payment of $3.5 million by El Condor Resources (VSE). El Condor now has a 100% interest in the North…
U.S. REPORT Placer drops Talapoosa
After completing a first-stage exploration program on the Talapoosa property owned by Athena Gold (VSE), a unit of Placer Dome (TSE) opted to drop the Nevada gold property. Placer had the right to ea…
METAL PRICES PRODUCER PRICES (June 10, 1991)
ALUMINUM: MW U.S. Market US59.25-60.25 cents per lb. (May 23, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.90-3.05 per lb. (May 23, 1991). CAD…
METAL PRICES FUTURES PRICES (June 10, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER (HG) (in US cents per lb.) Jun 99.30 98.20 99.30 + 0.60 Jul 99.50 98.20 99.40 + 0.20 Aug …
METAL PRICES FREE MARKET (June 10, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 4 June 3 May 31 May 30 May 29 Copper 1296-1298 1272-1273 1…
Eastmaque’s American Girl boosts first-quarter output
Although gold production levels jumped significantly for Eastmaque Gold Mines (TSE) in the 1991 first quarter compared with the year-earlier period, the company continues to report losses. Eastmaque r…
Insider Trading Inco executives buy low, sell near high
A number of Inco (TSE) executives made a substantial profit recently after exercising options at a hefty discount to the nickel miner’s May 29 trading price of US$38.62. According to the Ontario Secu…
“If we hadn’t found this zone . . .Holt-McDermott gets more ore
The Mattawasaga discovery, east of American Barrick Resources’ (TSE) Holt-McDermott mine in northeastern Ontario, has quickly grown into a sizable ore zone accounting for 45% of the mine’s reserves. A…
U.S. REPORT Nickel deposit in Maine is feasible says Black Hawk
Results from a feasibility study on the Knox nickel-copper project in Maine indicate that the deposit could be developed at a capital cost of US$40 million and mined at an operating cost of US$1.90 pe…
Silverside set to change name
Shareholders of Silverside Resources (TSE) voted recently in Toronto at the annual meeting in favor of a share consolidation and a name change. The company, which currently has about 10.9 million com…
U.S. REPORT Payment keeps Crown in black
A final payment of US$5 million to Crown Resources (VSE) in January helped push the company’s 1991 first-quarter earnings to US$2.1 million. The results compare with earnings of US$3.3 million in the…