Netolitzky takes PDAC award
The Prospectors and Developers Association of Canada (PDAC) will honor seven members of the mining community at the annual awards banquet on Monday, March 25. Selected to receive the Bill Dennis Prosp…
Articles by Northern Miner Staff
IOCC GOLD OPTIONS (March 18, 1991)
Options Open Series Volume Last Interest Aug. 380 C 2 10.50 78 Aug. 400 C 40 6.00 93 Aug. 440 C 25 1.60 70 The New York closing gold price was $364.50 per oz. Last quotations for gold options traded i…
U.S.REPORT Bitech plans heap leach production
Toronto-based Bitech (ASE) has signed a letter of intent to purchase a 50% interest in Red Rock Mining, a private American company, for $800,000. Red Rock owns or has interests in 11,016 acres of heap…
Highwood acquires property interest
Toronto-based Highwood Resources (TSE) is acquiring from Nanisivik Mines the right to earn a 25% interest in a copper exploration project in the High Arctic. The project is on Victoria Island and is b…
Windy finds new zone at MacLeod
Recent drilling has intersected a new low-grade copper zone, the South zone, on the MacLeod Lake property north of Chibougamau, Que. Extending over a strike length of 500 metres, the South zone dips s…
Equinox’s Van Stone resumes production
Eleven months after completing the purchase of the Van Stone zinc-lead mine in northeastern Washington State, Equinox Resources (TSE) has brought the former producer back into production. Van Stone wa…
U.S.REPORT Production boost helps Hycroft .dVANCOUVER
Results for the year ended Dec. 31 for Hycroft Resources & Development (VSE) improved over the previous year as a result of higher sales and lower writedowns. The company reported a loss of $141,000 f…
Toronto Stock Exchange Metal stocks advance as Hemlo mulls Noranda
Resource giant Noranda was conspicuous during the week ended March 12 as it moved to pare down a potentially crippling $3.9-billion debt load. Confirming speculation that emerged on Toronto’s Bay Stre…
Spot prices at a glance (March 18, 1991)
Week’s Price (US) Change Gold* $365.20 +$ 1.70 Silver* $ 4.06 +$ 0.23 Platinum* $406.50 +$ 8.00 Nickel** 3.90 +$ 0.09 Lead** $ 0.27 Copper*DA $ 1.10 Zinc*DD $ 0.54 -$ 0.01 Courtesy of Scotiabank. Info…
METAL PRICES FREE MARKET (March 18, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date March 12 March 11 March 8 March 7 March 6 Copper 1298-1299 1292-1293 1300-1302 1287-…
Teck options MGM prospect
Based on a recent letter of intent agreement,Teck (TSE) plans to spend $200,000 this year exploring the MGMshale-hosted, polymetallic massive sulphide prospect, 75 milesnorth of Golden, B.C. Teck may …
U.S.REPORT Galactic reports more writedowns
Writedowns totalling US$39.7 million pushed Galactic Resources (TSE) into a US$36.7-million loss for the year ended Dec. 31. The writedowns included charges against the company’s Summitville mine, its…