1993 A LOOK BACK — McLaughlin mine milestone
The McLaughlin gold mine of Homestake Mining (NYSE) in California poured its two-millionth ounce in mid-October. The open-pit operation poured its first gold in 1985 and its one-millionth ounce in 199…
Articles by Northern Miner Staff
1993 A LOOK BACK — Chibougamau production for MSV
After acquiring the Copper Rand and Portage gold-copper mines near Chibougamau, Que., in late February, MSV Resources (ME) returned the properties to production. MSV bought the mines and a 3,000-ton-p…
1993 A LOOK BACK — Tough year for Curragh
It was a tough year for Curragh (TSE), which had to cease production in early April at its Faro lead-zinc mining operation in the Yukon. Deteriorating metals markets played havoc with Curraghs balance…
Diamond play gains credibility in 93
If 1992 was the year diamond fever swept Canada, 1993 will be remembered for the solid exploration results that made even diehard skeptics concede that this country may soon have its first diamond min…
STOCK MARKETS — Resource stocks boost TSE indexes at
The resource stocks took one last kick at the can before the new year dawned. They boosted the Toronto Stock Exchange 300 Composite Index to a big gain on the last day of our report week. The TSE 300 …
New Canamin plans 1994 program
A drill program is scheduled for early 1994 at the Huckleberry property near Kemano, B.C. New Canamin Resources (VSE), which owns the property, subject to a 60% back-in right held by Kennecott, plans …
Silver Eagle vends Carlin ground
An agreement with Silver Eagle Resources (VSE) gives Asarco (NYSE) an option to earn a 75% interest in the High Dollar property in the Carlin Trend of Eureka Cty., Nev. Silver Eagle describes the 840-…
Correction (January 03, 1994)
Contrary to reports published in the Vancouver Stock Market column of Dec. 20, 1993, the 47 million tons of mineralization reported by Hycroft from its Brimstone exploration program is additional to t…
Metals sub-index continued to fall in October, bank says
In October, the metal and mineral sub-index of The Bank of Nova Scotias commodity price index dropped to the lowest level since January, 1979. A plunge in copper and lower aluminum prices swamped any …
FREE MARKET (January 03, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Dec. 28 Dec. 27 Dec. 24 Dec. 23 Dec. 22 Copper N/A N/A N/A 1773-1774 1779-1780 Lead N/A N/A N/A 464-465 474-475 Zinc N/A N/A N/A 976-977…
INSIDER TRADING — Barrick officers sell
Three officers of American Barrick Resources (TSE) sold shares in November and December. According to the Ontario Securities Commissions OSC Bulletin, senior officer G. C. Wilkins exercised 230,000 op…
NovaGold options Corner Bays Touquoy property
Corner Bay Minerals (TSE) has optioned its Touquoy gold property in Nova Scotia to NovaGold Resources (TSE). NovaGold will pay $5,000 cash and will have 12 months to complete a feasibility study of th…