PROFILE (January 20, 1992)
For the past two years, Noranda Inc. has been redesigning its corporate structure to maximize profit. According to plan, Noranda Minerals alone, a wholly owned subsidiary, will trim its exploration wo…
Articles by Northern Miner Staff
METAL PRICES (January 20, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 14 Jan 13 Jan 10 Jan 9 Jan 8 Copper 1167-1168 1165-1166 1175-1177 1154-1155 1124…
Alberta Stock Exchange (January 20, 1992)
The Exchange reports in its year-end review that junior companies, particularly in the resource sector, suffered through another difficult year in 1991. Flow-through financings took a huge drop from $…
Vancouver Stock Exchange (January 20, 1992)
With gold prices still hovering at the US$350-355-per-oz. level, trading results on the VSE indicate that investors are concentrating on non-resource issues. Brokers say investors are getting back in …
Volume, value slip on VSE in 1991
Trading was sluggish on the Vancouver Stock Exchange early in 1991 compared with 1990 but gained momentum during the last four months, when both volume and value surpassed performance compared with th…
INSIDER TRADING (January 20, 1992)
Royal Oak Mines (TSE) director George Oughtred recently added to his holdings in the Vancouver-based gold producer. According to the Ontario Securities Commission OSC Bulletin, Oughtred bought 54,610 …
Asamera bullish on Meliadine
An additional $1.5 million will be spent on the Meliadine River gold project in the Northwest Territories this year after Asamera Minerals (TSE) received encouraging results from its 1991 program. “I …
U.S. REPORT (January 20, 1992)
The latest update of reserves at the Alligator Ridge property owned by USMX (NASDAQ) has boosted reserves by 57% from the previous estimate in mid-1991. Proven and probable oxide reserves at the Nevad…
Princeton files plan for Cassiar
Pursuant to the Companies’ Creditors Arrangement Act, Princeton Mining (TSE) has filed a reorganization plan with the British Columbia Supreme Court for the company’s wholly owned subsidiary, Cassiar …
Hemlo, Crude differences cloud Eagle River project
The immediate future of the Eagle River gold project at Mishibishu Lake, Ont., has been clouded by the differing aspirations of owners Hemlo Gold Mines (TSE) and Central Crude (TSE). Having written do…
NovaGold to use vat-leaching on Newfoundland gold project
Halifax-based NovaGold Resources (TSE) plans to apply its vat-leaching techniques, which have been successful at the Murray Brook mine in New Brunswick, to the Pine Cove gold property in the Baie Vert…
Stepout drilling expands Kemess reserves
Stepout drilling on the South Kemess property in north-central British Columbia during 1991 added significant reserves to what was already a large copper-gold deposit. A preliminary estimate of reserv…