GOLD FUNDS (April 20, 1992)
BGR Central Net Value $7.59 $5.03 Price $5.75 $4.40 Discount 24.24% 12.5% Value $45,193,000 $74,026,920…
Articles by Northern Miner Staff
Kookaburra samples Mayflower zone
Recent sampling in an area immediately south of the Longshot Ridge copper-oxide deposit near Hawthorne, Nev., has outlined an additional zone of copper mineralization, owner Kookaburra Gold (VSE) repo…
Mine closures outstrip openings
Mine closures outnumbered openings in Canada by almost 2:1 last year as low metal prices and flat markets battered mineral producers nationwide. According to Energy, Mines and Resources Canada, 33 min…
Spot prices at a glance (April 20, 1992)
Week’s Price (US) Change Gold* $339.60 + $2.10 Silver* $ 4.10 + $0.01 Platinum* $348.50 + $0.50 Nickel** $ 3.35 – $0.01 Lead** $ 0.24 $0.00 Copper $ 0.99 – $0.01 Zinc $ 0.59 + $0.01 Courtesy of Scotia…
STOCK MARKETS (April 20, 1992)
Because of technical complications, the stock market listings which appeared in the April 13 edition of The Northern Miner were incorrect.
MINER DETAILS; Diamond find won’t help mining
The recent rush to find diamonds in Canada’s far north is fun, but it really isn’t what Canada’s mining industry needs today. The money being spent finding the makings of future diamond rings would be…
Madeleine settles legal problems
Almost six months after taking over the reins at Madeleine Mines (TSE), representatives of Oklahoma-based Kaiser-Francis Oil have resolved all remaining charges pending against the Toronto company. Ma…
PROFILE (April 13, 1992)
Always mindful of being an ambassador for the mining industry, Mark Rebagliati wastes no opportunity to communicate his belief that British Columbia’s explorationists and miners are the most environme…
Galactic looks to the future
With the recent sale of its 50% interest in the Ivanhoe joint venture in Nevada for US$13.4 million, Galactic Resources (TSE) is a step closer to completing a restructuring of its assets. The company …
Cyprus completes first phase of smelter expansion project
The first phase of a US$100-million modernization and expansion project was recently completed by Cyprus Minerals (NYSE) at its copper smelter in Miami, Ariz. Copper concentrate feed was loaded into t…
Pine Cove wins environmental OK, seeks financing
Having won environmental approval for its Pine Cove gold project in Newfoundland, NovaGold Resources (TSE) is preparing to raise $14 million to build a 1,500-ton-per-day vat leach operation. NovaGold …
33 mines shut down in 1991, net job loss reaches 2,000
Ore depletion, low metal prices and depressed market conditions resulted in the permanent closure or suspension of 33 Canadian mines in 1991, according to the Mineral Policy Sector of Energy, Mines an…