Arimathaea shares
Arimathaea Resources (TSE) reports that all of its US$600,000 principal amount of convertible debentures have been converted and 571,428 shares issued. Also, the company said the expiry date for 461,1…
Articles by Northern Miner Staff
Toronto Stock Exchange (November 25, 1991)
Dark visions of how a sloth-like economic recovery will affect corporate earnings sent share prices in New York and Toronto tumbling downward during the week ended Nov. 19. Recognizing that stocks are…
PEOPLE (November 25, 1991)
Walter Lawrence elected senior vice-president, operations; Eric Hamer elected vice-president and general manager.
Inco’s break-even price hits US$3.30 per lb. nickel
By cutting costs and increasing productivity at its international operations, Inco (TSE) will attempt to remain a low-cost nickel producer, Chairman Donald Phillips told analysts in Toronto recently. …
Gold loan accounting rules aim to end inconsistencies
Canadian gold producers were recently issued a new set of accounting guidelines that requires them to change the way they account for gold loans in their financial statements. Effective, Nov. 20, the …
White Star rises as talks continue on Kidd property
Shares of White Star Copper Mines (CDN) have soared since the junior announced that it is negotiating with a “major mining company” to explore its Kidd Creek area play near Timmins, Ont. White Star’s …
LETTERS TO THE EDITOR (November 25, 1991)
I was stunned regarding the recent announcement by Eurus Resource that no additional work is to be carried out on the Rock & Roll property of Eurus and Thios Resources (T.N.M., Oct. 28/91). As a longt…
New offering planned by Barrick
A public offering worth $113 million is planned by American Barrick Resources (TSE). The offering of four million common shares was announced on a “bought basis” at $28.25 per share. The shares will b…
Lower grade cuts output, boosts costs for Echo Bay
A combination of lower ore grades and weaker gold prices slashed Echo Bay Mines’ (TSE) third-quarter earnings in half, from US$5.1 million (5 per share) in 1990 to US$2.3 million (2 per share). At 50%…
NEWS ROUNDUP (November 18, 1991)
An agreement has been entered into by Globex Mining Enterprises (ME) and Fairfield Explorations (ME) whereby Noranda Exploration, a unit of Noranda (TSE), may earn a 60% interest in their claim blocks…
TORONTO STOCK EXCHANGE INDICES (November 18, 1991)
Nov 12 Nov 11 Nov 8 Nov 7 Nov 6 High Low Composite “300” 3604.09 3579.30 3561.56 3546.70 3531.08 4009.47 3009.91 Metals & Minerals 3119.54 3077.99 3060.64 3036.52 3033.96 3453.06 2502.63 Intergrated M…
Bridger seeks damages from Teck
An action for damages was recently filed by Bridger Resources (VSE) against Teck (TSE) in the Supreme Court of British Columbia relating to the La Pepa gold mine project in Chile. Bridger held a 68% i…