Spot prices at a glance (July 29, 1991)
Week’s Price (US) Change Gold* $367.00 -$ 2.20 Silver* $4.23 -$ 0.17 Platinum* $374.25 -$ 5.75 Nickel** $3.75 -$ 0.16 Lead** $0.25 $ 0.00 Copper $1.00 $ 0.00 Zinc $0.48 $ 0.00 Courtesy of Scotiabank. …
Articles by Northern Miner Staff
Dynatec, Redpath pioneer latest shaft-sinking innovations
If there was a market for used mine shafts, Canada would surely be one of the world’s principal suppliers. About 95% of the shafts would be rectangular with most of the remainder square. The term “squ…
Vendors, operators battle over NPI royalties
The confusion surrounding net profits royalties (NPIs) and their definition is resurfacing once again, this time in the form of a dispute between American Barrick Resources (TSE) and part-time prospec…
Financing (July 29, 1991)
Omax Resources Ltd. – 500,000 shs offered @ 50 cents per sh. Tombstone Explorations Co. Ltd. – 800,000 units consisting of 1 sh and 2 series “A” purch wts offered @ 45 cents per unit Jordex Resources …
EDITORIAL PAGE (July 29, 1991)
In Watson Lake, Yukon, mining is not the dirty word it seems to be in some of the more isolated ivory towers of this country. The community of 1,800 is happy to be the base for a new lead-zinc mine ex…
NEWS IN BRIEF (July 29, 1991)
Massif Minerals Corp. (MSF:VSE) has changed its name to World Wide Oil & Gas Inc. The new company has no further interest in mineral mining.
Wheaton shares start trading
Shares of Wheaton River Minerals (TSE), the first new junior mining company to be cleared for listing on The Toronto Stock Exchange this year, began trading recently at around 43 cents. With 5.9 milli…
Bull Run extends share purchase
Colorado-based Bull Run Gold Mines (NASDAQ) says its directors have extended the share repurchase plan approved last December. Under the extended plan, Bull Run may purchase up to two million of its c…
OSC suspends trading privileges
GR Capital and its president, Glen Harper, have had their trading privileges suspended as part of a settlement agreement after allegedly violating certain takeover bid provisions of the Ontario Securi…
Iskut area roadcut reveals ore-grade massive sulphides
Project operator Adrian Resources (VSE) is reporting the discovery of massive sulphide mineralization on the Sky Creek property in the Iskut River region of northwestern British Columbia. Adrian can e…
Nerco employee wins award
An employee of the Nerco Con mine was recently awarded US$5,000 by a unit of Nerco (NYSE) for his efforts in developing pressure oxidation methods for gold extraction and toxic waste treatment at the …
GSC studies Newfoundland deposits
The Geological Survey of Canada is studying the occurrence of gold and other deposits in Newfoundland’s Notre Dame Bay area. The focus is on the geochemistry of volcanogenic massive sulphides and the …