EDITORIAL PAGE Matachewan under the microscope
The case of Matachewan Consolidated Mines is one that the mining industry in Ontario is going to be watching closely. How far the government goes in applying the Environmental Protection Act to Matach…
Articles by Northern Miner Staff
Gold goes over US$400 as Gulf war breaks out
Analysts who had predicted that the price of gold would stage a sharp rally after the Jan. 15 United Nations deadline for Iraq to withdraw from Kuwait proved to be right on the money. As stock markets…
Inco, Vior buy out Douay bet partner
The total price to buy the interest of Cambior (TSE) in the Douay gold exploration project in the Casa Berardi region of Quebec is $750,000 plus shares of the junior mining company involved in the ven…
Last half of 1990 a struggle for VSE
Trading activity in 1990 on the Vancouver Stock Exchange was up slightly from 1989 in a year of mixed activity which witnessed strong trading volumes and values during the first seven months and a ste…
Silver Standard moves into Mexico on basis of new laws
Taking advantage of recent changes in Mexican mining law, Silver Standard Resources (VSE) has acquired an option to purchase the Mexican owner of the La Choya gold property in northern Sonora, Mexico….
RFC begins program on Pend Oreille
With new management in place, RFC Finance (TSE) recently began a 20,000-ft. underground drilling program on its Pend Oreille property in northern Washington state. RFC is 44% owned by Kerr Addison Min…
Placer Dome drops Gerle Gold option
After carrying out an exploration program in 1990, Placer Dome (TSE) terminated an option agreement with Gerle Gold (VSE) providing for exploration of the McConnell Creek gold property north of Smithe…
Mexico lures mining with laws that ease rules, allow foreign
Prospects for a significant revival in the Mexican mining industry have been given a shot in the arm by recent changes to that country’s mining laws. On Sept. 27, 1990, the Mexican government official…
METAL PRICES PRODUCER PRICES (January 21, 1991)
ALUMINUM: MW U.S. Market US70.00- 71.50 per lb. (Jan. 10, 1991). ANTIMONY: New York dealer US78-80 per lb. (Nov. 29, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). CADMIUM: New …
METAL PRICES FUTURES PRICES (January 21, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 112.10 108.50 108.65 –7.05 Feb 111.00 108.70 108.75 –6.80 Mar 110.20 107.50 107.70 –6.70 SILVER (in US cen…
South Dakota mining firms wait for impact study results
An initiative designed to limit exploration in South Dakota’s scenic Black Hills region was defeated in recent state elections by a narrow margin of 52% to 48%. But it appears that the battle between …
IOCC GOLD OPTIONS (January 21, 1991)
Options Open Series Volume Last Interest Feb. 390 C 641 20.70 1,772 Feb. 400 C 1,133 16.50 2,383 Feb. 410 C 968 11.50 2,058 Feb. 420 C 1,197 8.00 2,769 Feb. 430 C 505 4.50 878 Feb. 450 C 598 3.20 1,39…