Grant money to aid research
Almost half of the $2 million in research grants awarded for 1991-92 under the Research Agreements Program of Energy, Mines and Resources Canada (EMR) is earmarked for projects related to mining and m…
Articles by Northern Miner Staff
Four projects account for half of Yukon exploration spending
About $14 million is being spent on mineral exploration in the Yukon this season, according to a mid-season forecast by the Yukon Chamber of Mines. “It’s another very quiet year,” said Rob McIntyre, t…
U.S. REPORT (September 02, 1991)
Ongoing delineation drilling and engineering by USMX (NASDAQ) is reported to have nearly doubled minable gold reserves at the Yankee project, 65 miles northwest of Ely, Nev. With proven minable reserv…
TORONTO STOCK EXCHANGE INDICES (September 02, 1991)
Aug 27 Aug 26 Aug 23 Aug 22 Aug 21 High Low Composite “300” 3517.74 3532.00 3532.06 3517.15 3512.03 4009.47 3009.91 Metals & Minerals3111.10 3127.48 3121.18 3042.39 3037.50 3453.06 2502.63 Integrated …
Madsen Gold plans study of old Red Lake mine
Bringing the former Madsen gold mine near Red Lake, Ont., back into production after a 15-year absence could be a long and costly process, says James Morlock, president of Toronto-based Madsen Gold (T…
Brinco suffers first-half loss
Consolidated Brinco (TSE) recorded a net loss of $958,000 during the first half of 1991 compared with a loss of $671,000 for the same 6-month period last year. A second-quarter loss of $422,000 was re…
Spot prices at a glance (September 02, 1991)
Week’s Price (US) Change Gold* $355.30 – $ 0.90 Silver* $ 3.95 + $ 0.02 Platinum*$339.90 – $ 5.60 Nickel**$ 3.56 – $ 0.16 Lead** $ 0.24 $ 0.00 Copper $ 1.03 + $ 0.03 Zinc $ 0.46 – $ 0.01 Courtesy of S…
Postal strike
Due to a strike by Canada Post employees, delivery of The Northern Miner to some subscribers may be temporarily disrupted. Delivery to the U.S. and other foreign destinations will not be affected. The…
Alberta Stock Exchange (September 02, 1991)
Trading lightly during the week ended Aug. 27, Cochise Resources picked up 20 cents to close at $1. Cochise is currently preparing for a helicopter-supported drill program on a 995-sq.-km copper-molyb…
Beaufield, Aur set to drill
Drilling on the Mainstreet project in Louvicourt Twp. in northwestern Quebec will commence Sept. 3, property owner Beaufield Resources (TSE) announced. Project operator is Aur Resources (TSE), which h…
Gibraltar reports earnings drop
A drop in the price of copper as well as lower investment income pushed earnings down for Gibraltar Mines (TSE) during the first half of 1991. The company reported earnings of $2 million on revenues o…
Centurion acquires property
Utah-based Centurion Mines (NASDAQ) recently acquired a disseminated gold-copper project, 175 miles northwest of Spokane, Wash., and 30 miles south of the Canadian border. Partially tested by 118 dril…