NEWS ROUNDUP — Aur dropping three properties
Aur Resources (TSE) has informed Consolidated Abitibi Resources (ME) that it will be terminating its option on three of Abitibi’s Val d’Or area properties. In order to earn a 51% interest in the Abiti…
Articles by Northern Miner Staff
NEWS ROUNDUP — High-grade gold found in Greenland
A number of gold-bearing quartz veins have been discovered in South Greenland by Nunaoil, an exploration company owned 50% by the Danish government and 50% by Greenland’s Home Rule government. The lar…
ODDS ‘N SODS — How Geraldton became a boom town
In the early 1930s, the mining community of Geraldton, Ont., became an exciting beneficiary when the U.S. increased the price of gold by 75%. Gold became an important motivator. In Timmins, Ont., the …
Kilborn offices in Latin America
The depressed state of the Canadian mining industry is sending companies abroad with different strategies in the search for new business opportunities. Kilborn Engineering and Construction Ltd., for e…
OBITUARY — Cuthbert Dixon
Noted mining broker Cuthbert (Cuffy) Batten Dixon died of a heart attack on Nov. 22. He was 83. Born and educated in Cobalt, Ont., Dixon started as an underground miner at the Wright-Hargraves gold mi…
Second mineral agreement signed
The governments of Canada and British Columbia recently agreed to spend $10 million over five years to strengthen and diversify the western province’s mineral industry. British Columbia Mines Minister…
Placer Dome names new CEO
After a far-reaching search, Placer Dome (TSE) appointed John Willson as president and chief executive officer to replace Anthony Petrina who resigned from both positions in mid-September of this year…
PRODUCER PRICES (November 30, 1992)
ALUMINUM: MW U.S. market US52.25-53.00 cents per lb. (Nov. 5, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992…
Spot prices at a glance (November 30, 1992)
Week’s Price (US) Change Gold* $334.75 – $0.65 Silver* $ 3.76 – $0.01 Platinum* $356.25 + $2.75 Nickel** $ 2.47 + $0.04 Lead** $ 0.21 $0.00 Copper $ 0.97 $0.00 Zinc $ 0.48 + $0.01 Courtesy of Scotiaba…
Soquem emphasis on Chibougamau area
A slowdown in mining exploration coupled with recent mine closures in the Chapais-Chibougamau region has forced the Quebec government’s mining exploration company Soquem to revise its exploration stra…
TORONTO STOCK EXCHANGE INDICES (November 30, 1992)
Nov.24 Nov.23 Nov.20 Nov.19 Nov.18 High Low Composite”300″3259.25 3258.26 3263.86 3233.73 3231.68 4009.47 3009.91 Metals&Minerals 2579.06 2570.58 2572.54 2541.96 2534.99 3453.06 2502.63 Integrated Min…
Roxmark expands its landholdings in Geraldton area
Toronto junior Roxmark Mines (TSE) has recently concluded agreements on two gold properties near Geraldton, Ont. In one deal, Roxmark, through its subsidiary Beaurox Mines, has purchased Ateba Mines’ …