MinVen outlines terms of United Coin merger
Colorado-based MinVen Gold (TSE) is set to secure the 66% interest in the Golden Reward mine it doesn’t already own by agreeing to merge with United Coin Mines (TSE) of Toronto. After freezing conditi…
Articles by Northern Miner Staff
FINANCING (November 25, 1991)
Silverstone Resources Ltd – 1,500,000 shs offered @ 17 per sh.
Mine writeoffs hurt Granges
Writeoffs at the Crowfoot/Lewis mine in Nevada and the now-closed Tartan mine in Manitoba helped push Granges (TSE) into a $22.3-million loss for the three months ended Sept. 30. Granges wrote down it…
New drill targets could boost Nicholas Lake gold reserves
A number of new drill targets were identified during a recently completed exploration program by Athabaska Gold Resources (TSE) on its Nicholas Lake project, 57 miles north of Yellowknife, N.W.T. The …
Spot prices at a glance (November 25, 1991)
Week’s Price (US) Change Gold* $362.55 + $6.10 Silver* $ 4.08 + $0.03 Platinum* $366.15 + $2.50 Nickel** $ 3.23 – $0.07 Lead** $ 0.23 + $0.01 Copper{ $ 1.07 – $0.02 Zinc{{ $ 0.52 + $0.04 @SPOTTEXT = C…
Agnico hits new zone at LaRonde
Agnico-Eagle Mines (TSE) has discovered a new gold-bearing zone lying 300 ft. north of the main producing horizon at the LaRonde mine near Rouyn-Noranda, Que. Agnico intersected the 2-3 ft. thick zone…
Workers settle at Highland Valley
A new 2-year agreement has been ratified by Highland Valley Copper workers in south-central British Columbia. The contract, to run until Sept. 30, 1993, increases wages by 5% in each of the two years….
Amax gets permit for Hayden Hill after 2-year wait
Final permits for the Hayden Hill gold project northwest of Susanville, Calif., have been received by owner Amax Gold (NYSE), clearing the way for an immediate construction start. Amax completed a pos…
Dasher offering
Consolidated Dasher Resources (VSE) plans a rights offering, subject to regulatory approval, in Ontario and British Columbia. One right will be issued for one share; three rights and 15 cents will per…
OBITUARY (November 25, 1991)
Noted consulting engineer Arthur Stewart Bayne died earlier this month. He was 81. Born in England, Bayne graduated from Queen’s University in Kingston, Ont., with a degree in mining and metallurgy an…
GOLD FUNDS (November 25, 1991)
BGR Central Net Value $8.22 $4.95 Price $7.50 $4.450 Discount 8.75% 10.1% Value $48,936,000 $74,868,135…
VSM completes more drilling
Recent drilling on the Grevet zinc project in northwestern Quebec has intersected two new zinc-bearing horizons north of the Orphee zone. Although the mineralization is not economical, partners VSM Ex…