FUTURES PRICES (March 09, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Mar 102.60 101.90 102.20 + 0.20 May 102.60 101.85 102.15 + 0.60 Jun 101.80 101.30 101.55 …. SILVER (in US cents…
News
Abo, Bema find Harrison partner
Partners Abo Resource (VSE) and Bema Gold (TSE) recently found a new joint venture partner to fund ongoing work at their Harrison gold property, 60 miles from Vancouver, B.C. Under the terms of a lett…
Queenston to buy Barrick stake in Pandora property
An agreement to purchase the 75% interest of American Barrick Resources (TSE) in the Pandora gold property near Malartic, Que., has been negotiated by Queenston Resources (TSE). The deal, expected to …
GUEST COLUMN (March 09, 1992)
The Northwest Territories government is preparing to take a proposal to Ottawa for the conversion of all territorial mineral and petroleum rights to the use of the northern peoples. “We get most of ou…
Minerex, Electra increase reserves at Aurora venture
A recent drilling program by Minerex Resources (TSE) increased minable reserves at the Aurora Partnership gold mine near Hawthorne, Nev. The project is owned equally by Minerex and Electra North West …
No rights plans for Golden Rule
A rights plan agreement introduced by Golden Rule Resources (TSE) in 1991 has been terminated by the company. President Glen Harper said the directors believed it was in the best interest of the compa…
LETTERS TO THE EDITOR (March 09, 1992)
As the president of the Prospectors and Developers Association of Canada (PDAC), I would like to comment on Don McKinnon’s remarks (letter to the editor, T.N.M., Feb. 24/92) on my support for Ontario’…
Metal Prices (March 09, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 3 Mar 2 Feb 28 Feb 27 Feb 26 Copper 1289-1290 1297-1298 1295-1296 1298-1299 1291…
MINER DETAILS (March 09, 1992)
This issue of The Northern Miner marks the beginning of our 78th year of continuous publication. There have been a lot of changes over those years and there are more in store as we respond to our read…
Olympic Dam expands capacity
The expanding Olympic Dam polymetallic mining project in northern Australia should be processing six million tonnes of material per year by the mid-1990s. The annual production by mid-decade is expect…
Placer options Dundee gold claims
Under a recent agreement with Dundee-Palliser Resources (TSE), Placer Dome (TSE) has acquired the right to earn a 60% interest in 55 gold claims in Desjardins Twp., northwestern Quebec. The terms of t…
Quintette makes deal with railway
As a result of an 11th-hour agreement with B.C. Rail, Quintette Coal managed to meet its Feb. 29 deadline to file its restructuring agreement with the British Columbia Supreme Court. Quintette has bee…