Coup has little impact on metal prices
While the recent crisis in the Soviet Union sent shock waves around the world and briefly threatened to end the new spirit of perestroika, the episode had almost no effect on metal prices. As news rea…
Articles by Northern Miner Staff
Great Lakes concludes deal
An agreement providing Great Lakes Minerals (TSE) with a 100% interest in five copper deposits (543-S, G-2, G-12, G-13 and St. Louis) in northern Michigan has been concluded, the company reported. In …
Northgate’s quarterly profit fails to offset 6-month loss
While gold production within the Northgate Exploration (TSE) group was up during the first six months of this year, the Toronto-based firm was forced to break out the red ink. Northgate reported a net…
Metal Prices (September 02, 1991)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date August 27 August 26 August 23 August 22 August 21 Copper 1343-1344 NA 13…
Toronto Stock Exchange (September 02, 1991)
Turmoil turned to tranquility during the week ended Aug. 27 as investors put the Soviet crises behind them and looked ahead to Labor Day vacations in Canada and the U.S. As the New York Stock Exchange…
Starmin, Adonos to invest in Philippine porphyry project
A large copper-gold porphyry deposit on the Philippine island of Negros has attracted a couple of Toronto-based juniors intent on bringing it into production. Starmin Mining (TSE) and Adonos Resources…
Micham intersects gold mineralization in Switzerland
Results from a 2-hole diamond drilling program on International Micham’s (VSE) Disentis property in Switzerland have confirmed the presence of a wide gold zone. Hole 91-1 intersected 246 ft. averaging…
Montreal Exchange (September 02, 1991)
Precious metal prices remain in a slump, a condition reflected in the mining and minerals index, which closed down by almost 14 points for the week ended Aug. 27. The general market portfolio index ha…
MVP reaches deal with bondholders
Toronto-based MVP Capital (TSE) says it has resolved a number of matters relating to proposed restructuring of about $10 million in outstanding convertible Swiss bonds. Following discussions between M…
Fewer towns spring up around mines in the wilderness
Strung out across Canada are 115 communities dependent on mining for their economic base. Familiar place names spring to mind: Yellowknife, N.W.T.; Faro, Yukon; Kimberley, B.C.; Flin Flon, Man.; Timmi…
View from the West (September 02, 1991)
Last month’s “View from the West” column (T.N.M., July 29/91) briefly illustrated the deplorable state of venture capital financings by comparing Vancouver Stock Exchange financings for the first six …
OMIP grants cover more but total budget unchanged
Under recent changes to the Ontario Mineral Incentive Program (OMIP), all qualified exploration programs in Northern Ontario will be eligible for a grant equal to 50% of expenses, to a maximum of $300…