Cheni reports more losses
A drop in grades, coupled with lower gold and silver prices, helped push Cheni Gold Mines (TSE) into the red with a loss of $3.7 million or 33 cents per share for the nine months ended Sept. 30. The l…
Articles by Northern Miner Staff
METAL PRICES (November 04, 1991)
ALUMINUM: MW U.S. market US51-55 cents per lb. (Oct. 17, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADMIUM: …
Aur, Louvem prepare for challenge of funding
By completing a feasibility study on their Louvicourt Twp. property, Aur Resources (TSE) and Societe Miniere Louvem (TSE) have done the easy part in their bid to bring the project into production, ana…
U.S. REPORT (November 04, 1991)
Earnings for the first nine months of 1991 remained unchanged from a year earlier for Pegasus Gold (TSE) which reports net income of US$6.3 million for both periods. Earnings for the 1991 third quarte…
Cutbacks planned by Falconbridge
In response to continuing weakness in the nickel market, Falconbridge said it is extending the shutdown of one of two electric furnaces at its Dominican Republic ferronickel operation until at least t…
Drilling continues at Trout Lake mine
Exploration drilling at the Trout Lake polymetallic mine near Flin Flon, Man., continues to confirm the presence of several individual lenses below the 560-metre level. Most of the summer work, 7,775 …
Orient, Gold Hawk deal with Soquem
An agreement, subject to regulatory approval, has been reached by Orient Resources (ME) and Consolidated Gold Hawk Resources (ASE) with Quebec Crown mining exploration company Soquem, which will allow…
Property deal by Vior, Inco
Quebec City-based Societe d’Exploration Miniere Vior (ME) and Inco (TSE) have negotiated a deal which will see Vior expand its gold property portfolio and Inco increase its interest in the junior. The…
PEOPLE (November 04, 1991)
Paul Reinhart appointed to the board.
Quilchena play
A 50% owned affiliate of Laramide Resources (TSE), private company Quilchena Resources, reports the completion of surface work and the drilling of three holes on porphyry copper-gold property near Asp…
EDITORIAL PAGE (November 04, 1991)
A recent report on Canadian competitiveness by Harvard professor Michael Porter cites this country’s reliance on natural resources as one of the country’s economic problems. Prosperity has come easily…
TSE Short Positions (October 28, 1991)
Semi-monthly reports as of October 15, showed 21,518,619 shares of 580 issues compared with 21,525,116 shares of 590 issues on September 30 Larger individual positions included: Alliance Res. 0, down …