U.S. REPORT Clarke loses suit against DRX board
Former DRX (NASDAQ) president Robert Clarke recently lost his court battle against DRX and the New York holding company’s board of directors. The Delaware district court judge ruled in favor of DRX on…
Articles by Northern Miner Staff
Waddy Lake boosts reserves at Komis
Based on the results of a check assaying program on resect results as well as all historical data, Waddy Lake Resources (TSE) has calculated a preliminary reserve of 562,000 tons grading 0.43 oz. gold…
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 …
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…