GOLD FUNDS (April 29, 1991)
Gold funds as of Apr. 23 BGR Central Net Value $9.22 $5.14 Price $7.63 $4.650 Discount 17.25% 9.5% Value $54,887,148 $78,232,995…
Articles by Northern Miner Staff
View from the West Stewart and neighbor exhibit true ‘free trade’
Recently, I attended a mineral industry conference and exhibition in Stewart, B.C., a small coastal town of about 1,500, with a strong mining heritage that dates back to the beginning of the 20th cent…
Denison Mines has profit
Toronto-based Denison Mines (TSE) has reported a profit of $2.9 million on revenues of $67.8 million for the three months ended March 31, compared to a loss from continuing operations of $1.8 million …
PRODUCER PRICES (April 29, 1991)
ALUMINUM: MW U.S. Market US64.25-66.00 cents per lb. (Apr. 11, 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). CA…
No comment yet on Brunswick strike
Striking miners at Brunswick Mining & Smelting’s (TSE) lead-zinc operation in New Brunswick recently voted 64% against the company’s latest offer, which included a 24% wage increase over 42 months. Re…
U.S. REPORT New assay standards available
According to the Nevada Bureau of Mines and Geology, there are widespread reports among prospectors and geologists of specific laboratories or assayers whose results are suspect, unreliable or unverif…
U.S. gold industry faces concentration
Ownership of the U.S. gold industry is likely to become increasingly concentrated during the next decade as producers grapple with rising interest charges, stringent environmental regulation and a pro…
Teck buys stake in Prime, picks up property options
Following the collapse of an estimated $5-million financing deal earlier this year with a “major mining company” widely believed to be Kennecott, Prime Equities (VSE) has negotiated a funding deal wit…
Madeleine trial postponed
Lawyers representing Madeleine Mines (TSE) will appear in court in Thunder Bay, Ont., May 7 to answer charges brought about by the Ontario Ministry of the Environment. The Toronto-based company was sc…
Aurizon tallies $31-million loss
Following a major writedown of its mining properties in Quebec last year, Aurizon Mines (TSE) is gearing up to explore a low-cost copper-gold property in Mexico. For the year ended Dec. 31, the compan…
Saskatchewan offers mine skills training
Residents of northern Saskatchewan will be eligible for mining skills training following agreements between the Saskatchewan government and three mining companies. Under the agreements with Claude Res…
Varitech acquires Big Onion bet
A recently completed agreement gives Varitech Resources (VSE) the right to earn a 100% interest in the Big Onion deposit, about nine miles east of Smithers, B.C. Varitech was halted at the 85 cents le…