1991

Mine closings are a sad but inevitable part of the mining business. Orebodies are finite, measurable entities that eventually are depleted. It is the task of the operator to extract that ore in a logi…

Exploration funding for the Norite property owned by Consolidated Pine Channel Gold (VSE) has been arranged through a unit of Noranda (TSE). Pine Channel signed a letter of intent giving Noranda the r…

Cameco’s public offering at $12.50 per share has met with widespread enthusiasm, said Jim Davey, a spokesman for RBC Dominion Securities, the lead underwriter. “It is well oversubscribed, both intern…

Ground exploratory work is under way at the Red Lake gold property at the north end of Confederation Lake in northwestern Ontario, Starmin Mining (TSE) reported. The president of Starmin (formerly Si…

Lawrence Barr, William McConnachie and Allan Ferguson appointed directors.

Douglas Allen elected president.

In return for an option to purchase shares of Northfield Minerals (ASE), Dynatec Mining has agreed to develop and mine above the 695-ft. level at the Cheminis site near Virginiatown, Ont. The option,…

July 2 July 1 June 28 June 27 June 26 HIGH LOW Comp”300″ 3493.62 Holiday 3465.82 3474.61 3481.13 4009.47 3009.91 Metals & Minerals 3184.00 Holiday 3175.24 3181.67 3181.36 3453.06 2502.63 Integra…

In the latest move in an ongoing reorganization program designed to save cash, Noranda Minerals has appointed Ian Bayer as president and chief executive officer of 50.2% owned Hemlo Gold Mines (TSE). …

Gold output by Agnico-Eagle Mines (TSE) in 1990 from its Joutel Twp. and LaRonde mining operations in northwestern Quebec totalled 162,443 oz., produced at an average cast cost of US$272 per oz. An ea…

Thunderwood Resources (TSE) and Greenstone Resources (TSE) say stepout drilling at their Scott Lake joint venture has extended a zinc-copper rich massive sulphide zone from 1,800 ft. to a depth of 2,6…

Bing Jung appointed president and Bill Frisen appointed director.