FUTURES PRICES (February 11, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Feb 107.25 105.20 107.00 +1.15 Mar 107.20 104.70 106.75 +1.40 Apr 106.00 104.40 105.95 +1.15 SILVER (in US cents …
Articles by Northern Miner Staff
Metal Prices FREE MARKET (February 11, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date February 5 February 4 February 1 January 31 January 30 Copper 1192-1194 1200-1202 12…
U.S. REPORT Bunker Hill ceases operations
After filing for protection under Chapter 11 of the U.S. bankruptcy code, Bunker Hill Mining (TSE) has ceased operations at its underground zinc-lead-silver mine near Kellogg, Idaho. The company laid …
EDITORIAL PAGE Major firms filling financing void
Major mining companies are quietly taking on a stronger presence in the Canadian mineral industry these days. While this might seem a novel state of affairs for junior companies that began life in the…
IMF gold reserves
IMF gold reserves The International Monetary Fund, a global lending agency supported by its nation members, listed about 3.3 million kg (about 103 million oz.) of gold among its general resources asse…
Fischer-Watt drilling Emigrant Gulch
Widely spaced drilling on the Emigrant Gulch prospect has Fischer-Watt Gold (NASDAQ) planning to continue work on the Duv target and several other targets found within a large land package in Park Cty…
LAC options Blue Moon
The Blue Moon project in Mariposa Cty., Calif., is one step closer to development. Owner Colony Pacific Explorations (TSE) recently optioned 50% of the property to LAC Minerals (TSE) in return for a t…
Tri-Alpha seeking a partner for Quebec wollastonite find
A Vancouver-based junior and Quebec’s ministry of energy and resources believe they have a major wollastonite find on their hands. The 298-claim St. Onge deposit, in the Lac St. Jean area of Quebec, i…
Fuels help boost mineral output to $41 billion
The total value of output from Canada’s mineral industry rose an estimated 5.2% last year to $41.3 billion, thanks largely to higher prices for petroleum products. The estimate, released by the federa…
METAL PRICES PRODUCER PRICES (February 11, 1991)
ALUMINUM: MW U.S. Market US66.50-68.50 cents per lb. (Jan. 31, 1991). ANTIMONY: New York dealer US80-83 cents per lb. (Jan. 31, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CA…
Teeshin finalized Dome deal
The option agreement between Teeshin Resources (VSE) and Timmins Nickel (TSE) to place the Dome Mountain gold project into production has been finalized. Timmins can earn a 60% interest in the project…
Letter to the editor Legendary animals help to locate ore
I was interested and amused by the story of a moose and its ability to find gold-bearing rocks, as related by Hugh Coulson in his letter (Dec. 31/90). I have also read with interest Harris Hanson’s re…