Startup planned for SB project
The two partners in the SB gold-silver project northwest of Stewart, B.C., say they will proceed to production with the property, subject to regulatory approval. Westmin Resources (TSE) is earning a 5…
Articles by Northern Miner Staff
Denison cutting 400 jobs at high-cost elliot Lake mine
Fears that Elliot Lake, Ont., will soon become a ghost town were heightened recently after Denison Mines (TSE) announced that it is laying off 400 employees this summer and reducing production at its …
EDITORIAL A new world order?
A new world order? Well, anyone who thinks the U.S. will be leading us to a new millennium of peace and harmony is going to be disappointed. In the wake of the United Nations successful expulsion of I…
Pezim juniors await financing
Murray Pezim’s new flagship, Prime Equities (VSE), and a host of juniors under its corporate umbrella are expecting to announce details of an agreement with a major mining company for the provision of…
Juniors follow Freewest Res. into Benoit Twp. gold
Shares of at least 10 junior companies with claims in the Benoit Twp. area of northern Quebec have posted gains since Freewest Resources (TSE) reported an intersection of 162.5 ft. grading 0.15 oz. go…
Placer Dome gold production tops 1.4 million oz.
Contributions from two new gold mines helped boost Placer Dome’s (TSE) share of gold production to just over 1.4 million oz. in 1990, from 1.18 million oz. produced in 1989 (net of minority interests)…
Crown pillar caves in at Hope Brook mine
A portion of the crown pillar at Hope Brook Gold’s (TSE) underground mine on the southwest coast of Newfoundland collapsed recently, but the company reported no injuries at the site. As a result of th…
NEWS IN BRIEF Canadian Arrow Mines Ltd. (CGR:TSE) has changed its
The trough of a recession may not be the best time to reflect on what difficult measures are reMDNMquired to strengthen our economy, but tough times demand tough decisions. Efforts to reduce the MDSOM…
U.S. REPORT Amax negotiating for Piedmont bet
A letter of intent agreement between Amax Gold (NYSE) and Piedmont Mining (NASDAQ) is setting the stage for the major gold producer to earn a 62.5% interest in Piedmont’s Haile gold property near Kers…
PRODUCER PRICES (March 04, 1991)
ALUMINUM: MW U.S. Market US68-69 cents per lb. (Feb. 14, 1991). ANTIMONY: New York dealer US85-87 cents per lb. (Feb. 14, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CADMIUM:…
METAL PRICES FREE MARKET (March 04, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb26 Feb25 Feb22 Feb21 Feb20 Copper 1304-1306 1286-1287 1282-1284 1275-1280 1266-126…
U.S. REPORT Newmont drops Bruner
The recent announcement that Newmont Mining (NYSE) dropped its option on the Bruner project has shed some light on the erosion of the share price of Miramar Mining (VSE) during the past month. Miramar…