Workers settle at Highland Valley
A new 2-year agreement has been ratified by Highland Valley Copper workers in south-central British Columbia. The contract, to run until Sept. 30, 1993, increases wages by 5% in each of the two years….
News
Agnico hits new zone at LaRonde
Agnico-Eagle Mines (TSE) has discovered a new gold-bearing zone lying 300 ft. north of the main producing horizon at the LaRonde mine near Rouyn-Noranda, Que. Agnico intersected the 2-3 ft. thick zone…
Spot prices at a glance (November 25, 1991)
Week’s Price (US) Change Gold* $362.55 + $6.10 Silver* $ 4.08 + $0.03 Platinum* $366.15 + $2.50 Nickel** $ 3.23 – $0.07 Lead** $ 0.23 + $0.01 Copper{ $ 1.07 – $0.02 Zinc{{ $ 0.52 + $0.04 @SPOTTEXT = C…
New drill targets could boost Nicholas Lake gold reserves
A number of new drill targets were identified during a recently completed exploration program by Athabaska Gold Resources (TSE) on its Nicholas Lake project, 57 miles north of Yellowknife, N.W.T. The …
Mine writeoffs hurt Granges
Writeoffs at the Crowfoot/Lewis mine in Nevada and the now-closed Tartan mine in Manitoba helped push Granges (TSE) into a $22.3-million loss for the three months ended Sept. 30. Granges wrote down it…
MinVen outlines terms of United Coin merger
Colorado-based MinVen Gold (TSE) is set to secure the 66% interest in the Golden Reward mine it doesn’t already own by agreeing to merge with United Coin Mines (TSE) of Toronto. After freezing conditi…
Montreal Exchange (November 25, 1991)
An economy with few bright spots seemed to worry investors during the week ended Nov. 20. Both the market portfolio and mining and minerals index turned down, the former by 55.5 points and the latter …
Bull Run seeks new opportunities
Armed with proceeds from last year’s sale of a 40% interest in the Big Springs mine, Bull Run Gold Mines (NASDAQ) is continuing to seek new mining opportunities. The Denver-based junior sold its inter…
NEWS IN BRIEF (November 25, 1991)
Tyme Resources Ltd. (TYZ:VSE) has changed its name to North American Tire Recycling Ltd. with a consolidation of capital on a 1-new-for-4-old-share basis. The transfer agent is National Trust.
Williams Creek drills at Westport
A 5-hole, 2,600-ft. drill program was recently completed by Williams Creek Explorations (VSE) on its wholly owned crown-granted Westport claims in the historic Wells-Barkerville gold camp in central B…
Cons. Brinco revises Hillsborough deal
Consolidated Brinco (TSE) and Hillsborough Resources (TSE) have revised the terms of their proposed merger to give Brinco shareholders a larger share of the merged company. The revised deal gives Brin…
St. Genevieve would amalgamate certain companies
An amalgamation involving companies within the St. Genevieve Resources (TSE) group of Montreal has been proposed for Jan. 1, subject to shareholder and regulatory approval. To be amalgamated are Bay R…