Northgate mine closing in June
The Colomac gold mine will be placed on care and maintenance late next month when remaining fuel supplies finally run out, shareholders were told at Northgate Exploration’s (TSE) recent annual meeting…
Articles by Northern Miner Staff
CIM presents annual awards
Peter Tarassoff, outgoing president of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), presented awards to a number of well-known resource industry professionals during the associati…
Quarterly earnings turn down for Kerr
Reflecting the general economic slowdown of the world’s major industrial countries, the first-quarter results of Kerr Addison Mines (TSE) were off compared with the same 3-month period in 1989. Net ea…
Northern B.C. hosts old and new mining operations
The recent Minerals North conference held in this “pro-mining” northern community provided delegates with a snapshot look at a variety of mines operating in the northern portion of British Columbia. A…
Spot prices at a glance (May 13, 1991)
Price (US) Week’s Change Gold* $356.40 + $ 0.15 Silver* $ 4.03 + $ 0.06 Platinum* $393.50 — $ 0.75 Nickel** $ 4.01 — $ 0.09 Lead** $ 0…
Vancouver Stock Exchange Vera Cruz is big mover
A brightening in market sentiment ahead of the coming exploration season and an increase in corporate activity helped push the VSE composite index up 9.81 points to 577.04 while the resource index rem…
Cheni’s isolation, severe winters make transportation a major cost
At Cheni Gold Mines’ (TSE) Lawyers mine in northern British Columbia, transporting crew and goods on to and from the site can translate into hefty dollar costs. Company president Paul Savoy said worki…
Unlisted Trading Willingdon drilling
News that Willingdon Resources will resume drilling at its Sioux Narrows property near Kenora, Ont., generated a flurry of trading activity. More than 1.2 million shares changed hands for the week end…
U.S. REPORT Teck exploring Oregon gold prospect
Through exploration expenditures totalling US$2 million over six years, Teck (TSE) can earn a 60% interest in the Buck epithermal gold property held by Carlin Gold (ASE) and Redfern Resources (TSE). T…
Deak expands production plans at Magusi based on new copper zone
Encouraged by recent results at the Magusi zinc-copper property, Deak Resources (TSE) is examining the possibility of incorporating deep copper mining into its current production plan for the site. Th…
Cambior boosts revenue, output
Increased revenue and gold production were reported by Cambior (TSE) for the first quarter of 1991. Revenue jumped by 33% to $36.3 million while output rose to 62,105 oz. compared with 39,582 oz. for …
PRODUCER PRICES (May 13, 1991)
ALUMINUM: MW U.S. Market US62-64 cents per lb. (Apr. 25, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CADMIU…