INSIDER TRADING (October 28, 1991)
Warren Armstrong, president of Quebec Sturgeon River Mines (TSE), recently reduced his holding in the 21.6% owned affiliate of Toronto-based Coniagas Mines (TSE). According to the Ontario Securities C…
Articles by Northern Miner Staff
PEOPLE (October 28, 1991)
Dan MacIsaac appointed senior vice-president.
Weak prices hurt Inco earnings
Lower third-quarter earnings reflect weaker nickel markets and increased unit production costs at its Canadian operations, Inco (TSE) said. The nickel giant recorded third-quarter earnings of US$4.5 m…
Timmins Nickel mulling option on Redstone mine
Barring an unforeseen nickel rally, Timmins Nickel (TSE) will not exercise an option to purchase BHP-Utah’s 49% interest in the Redstone mine near Timmins, Ont. The owner of a 51% stake in Redstone, T…
Metall shuffles mining interests
German mining giant Metallgesellschaft AG recently announced a $195-million transaction designed to streamline its holdings in North America and Australia. Through its 59.3% owned Toronto subsidiary M…
Proposals threaten uranium mines
New radiation exposure limits proposed by the Atomic Energy Control Board (AECB) threaten to close some of Canada’s existing underground uranium mines and prevent the development of new ones, says Tim…
Matachewan awaits day in court
Matachewan Consolidated Mines (TSE) is looking forward to its day in court after the Ontario Ministry of the Environment laid criminal charges against the junior company and two of its officers. Crimi…
Vancouver Stock Exchange (October 28, 1991)
The market managed to reverse its downtrend during the week ended Oct. 22, with the resource index gaining 13.49 points to finish at 510.81 and the composite index closing up 3.54 points at 556.96. Sp…
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 …
Montreal Exchange (October 21, 1991)
Investors were in a buying mood during the holiday-shortened week ended Oct. 15, with both the market portfolio and mining and minerals index recording impressive gains. The former jumped by more than…
OBITUARY (October 21, 1991)
Harry Michie, who for 40 years was active in the Canadian gold mining industry as a geologist, recently died in Toronto. He was 66. For almost two decades, Michie was associated with the Coniagas Mine…
Newmont tests bioleaching for Carlin refractory ores
Already North America’s largest gold producer, Newmont Mining (TSE), has joined the race to be the first U.S. company to successfully use the gold recovery process known as bioleaching. A number of No…