Articles by Northern Miner Staff


Agnico reports $48-million loss

A $36.9 million writedown on its mining properties and investments in other companies led to a $47.7 million ($1.82 per share) loss for Agnico-Eagle Mines (TSE) in 1990. For the fourth quarter, the lo…


Mount Wright to get royalty

A Spanish court of appeal has upheld a 1983 judgment awarding Mount Wright Iron Mines (OTC) nearly $3.47 million in back royalties owed to it by Exminesa, a unit of Cominco (TSE). Mount Wright is 48.3…


U.S. REPORT Billiton in U.S. dealing properties

A portfolio of 15 American precious metal properties in various stages of development is being offered for sale by Billiton Minerals U.S.A., a division of Shell Oil Co. “Bids for these properties are …


TORONTO STOCK EXCHANGE INDICES (April 01, 1991)

Mar. 26 Mar. 25 Mar. 22 Mar. 21 Mar. 20 HIGH LOW Composite”300″ 3467.92 3459.82 3457.04 3478.73 3481.33 4009.47 3009.91 Metals & Minerals3196.30 3157.02 3123.15 3139.86 3136.41 3453.06 2502.63 Integra…



Giant takes $48.5 million writedown

A $48.5-million writedown on the carrying value of its assets resulted in a massive loss for Giant Yellowknife Mines (TSE) last year. For the 12 months ended Dec. 31, the gold producer lost $51.2 mill…


PEOPLE FLORIN RESOURCES

Philip Speyer appointed president succeeding Logan Anderson who resigned; William Timmins appointed director succeeding Harold Moll who resigned.


Chase president, director resign after VSE probe

Following an investigation of Chase Resources (VSE) by the Vancouver Stock Exchange, company president Lynn Wilkinson and director Edward Nealon have resigned. The resignations stem from the disclosur…


Spot prices at a glance (April 01, 1991)

Week’s Price (US) Change Gold* $357.10 — $ 7.10 Silver* $ 3.90 — $ 0.14 Platinum* $390.00 — $11.45 Nickel** $ 4.05 + $ 0.07 Lead** $ 0.27 $ 0.00 Copper{ $ 1.09 + $ 0.01 Zinc{{ $ 0.54 + $ 0.00 Court…



New $1.5m program for Sulphurets bet

A surface exploration program focusing on both bulk tonnage and high grade vein systems will begin in June on the Sulphurets property in northwestern British Columbia. The 32-square-mile property is 6…


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