Drop in nickel prices hurt Inco
A decrease in Inco’s (TSE) income for the year ended Dec.31 was mainly the result of lower realized nickel prices, the company says. In 1990, nickel prices averaged US$4.10 compared with US$5.61 in 19…
Articles by Northern Miner Staff
U.S. REPORT Bema proposes takeover of Norgold
A takeover of Norgold Resources (VSE) has been proposed by Bema Gold Mines (TSE) on the basis of one Bema share for 2.5 shares of Norgold. Certain insiders at Norgold have entered a lockup agreement w…
Committee focuses on impact to mining industry in Yukon
A group of people representing miners, environmentalists, native people and the government have a tall order in the Yukon: they must reach a consensus. Members of the Yukon Mining Advisory Committee a…
Three drills at Lightning
Diamond drilling continues with three machines in an on going exploration program to build reserves on the Lightning gold zone of Noranda (TSE), Freewest Resources (TSE) and Teddy Bear Valley Mines (C…
GOLD FUNDS (February 11, 1991)
BGR Central Net value $8.80 $5.12 Price $7.38 $4.700 Discount 16.14% 8.2% Value $52,417,933 $79,074,210…
Chamber meeting set in Nova Scotia
The Chamber of Mineral Resources of Nova Scotia annual meeting and seminar will take place Feb. 13-14 at Halifax. Guest speakers at the Feb. 13 dinner will include Jack MacIsaac, minister, Nova Scotia…
U.S. REPORT Clarke loses suit against DRX board
Former DRX (NASDAQ) president Robert Clarke recently lost his court battle against DRX and the New York holding company’s board of directors. The Delaware district court judge ruled in favor of DRX on…
Waddy Lake boosts reserves at Komis
Based on the results of a check assaying program on resect results as well as all historical data, Waddy Lake Resources (TSE) has calculated a preliminary reserve of 562,000 tons grading 0.43 oz. gold…
FUTURES PRICES (February 11, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Feb 107.25 105.20 107.00 +1.15 Mar 107.20 104.70 106.75 +1.40 Apr 106.00 104.40 105.95 +1.15 SILVER (in US cents …
Metal Prices FREE MARKET (February 11, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date February 5 February 4 February 1 January 31 January 30 Copper 1192-1194 1200-1202 12…
U.S. REPORT Bunker Hill ceases operations
After filing for protection under Chapter 11 of the U.S. bankruptcy code, Bunker Hill Mining (TSE) has ceased operations at its underground zinc-lead-silver mine near Kellogg, Idaho. The company laid …
EDITORIAL PAGE Major firms filling financing void
Major mining companies are quietly taking on a stronger presence in the Canadian mineral industry these days. While this might seem a novel state of affairs for junior companies that began life in the…