Noranda posts large loss
Excess worldwide production capacity and lower prices for its resource products forced Noranda (TSE) to report a loss of $133 million ($1.04 a share) in 1991, compared with earnings of $120 million in…
Articles by Northern Miner Staff
Ondesa acquires Andaurex shares, cancels placement
Toronto junior Andaurex Resources (VSE) reports Ondesa Holding Ltd. has completed the previously announced acquisition of a 19.9% interest in Andaurex by way of a private placement. Ondesa bought the …
FUTURES PRICES (February 24, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Feb 102.50 102.00 102.05 + 3.55 Mar 103.00 102.15 102.25 + 3.65 Apr 102.10 101.50 101.60 …. SILVER (in US cents…
METAL PRICES (February 24, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 18 Feb 17 Feb 14 Feb 13 Feb 12 Copper 1266-1267 1243-1244 1253-1254 1255-1256 12…
Monk leases Surluga mill
Monk Gold and Resources (ASE) plans to have the Surluga mill near Wawa, Ont., up and running sometime this spring after reaching a lease-to-purchase agreement with owner Citadel Gold Mines (TSE). The …
Spot prices at a glance (February 24, 1992)
Week’s Price (US) Change Gold* $352.35 $4.00 Silver* $ 4.06 $0.14 Platinum* $358.50 $9.00 Nickel** $ 3.67 + $0.16 Lead** $ 0.23 $0.00 Copper $ 1.00 + $0.01 Zinc $ 0.50 $0.00 Courtesy of Scotiabank. In…
Black Cliff studies recycling plant
Toronto-based Black Cliff Mines (TSE) has initiated a feasibility study regarding the economics of establishing a plastics recycling plant in Nova Scotia. Black Cliff is already involved in this line …
Cameco drills Holberg project
Saskatchewan-based Cameco (TSE) recently completed a 6-hole drilling program on the Holberg Inlet property near Port Hardy, B.C. Cameco has the right to earn a 60% interest in the property by spending…
Investments keep Minnova afloat
Investment income pulled Minnova (TSE) through a tough year in 1991, accounting for about 74% of the base metal producer’s income. For the year ended Dec. 31, 1991, Minnova earned $11.5 million (80 ce…
Scientists seek special shaft to conduct space’ experiments
There’s an air of expectation at the Atomic Energy Canada Ltd. (AECL) research labs at Whiteshell, Man. The scientists there are keeping their fingers crossed hoping that the provincial and federal go…
Prospects in Bolivia, Honduras boost share price of Arimetco
Shares of Arimetco International (TSE) have soared lately as the Arizona-based copper miner extends its influence into Latin America while expanding production at copper mines in the U.S. The shares r…
Toronto Stock Exchange Indices (February 24, 1992)
Feb 18 Feb 17 Feb 14 Feb 13 Feb 12 High Low Composite 300 3551.18 3570.81 3573.89 3581.76 3595.83 4009.47 3009.91 Metals & Minerals3138.01 3147.14 3120.63 3076.13 3068.20 3453.06 2502.63 Integrated Mi…