Kingswood drilling (November 26, 1990)
A 3,000-ft. drilling program is under way on the Bourlamaque Twp., Que., base metal property of Noranda (TSE) and Kingswood Explorations (ASE). The latter company is earning a 50% interest in the 18-c…
Articles by Northern Miner Staff
Alberta Stock Exchange Kingswood up 7 cents
With the price of gold remaining at a lacklustre US$377 per oz. in the report period ended Nov. 20, a handful of junior base metal stocks showed the only signs of life in a quiet market. For example, …
Spot prices at a glance (November 26, 1990)
Week’s Price (US) Change Gold* $377.35 — $6.10 Silver* $4.11 — $0.09 Platinum*$413.85 — $2.75 Nickel** $3.96 — $0.07 Lead** $0.31 — $0.02 Copper- $1.18 — $0.00 Zinc $0.58 — $0.00 Courtesy of Sc…
U.S. REPORT Santa Fe plans corporate split
The railway parent of Santa Fe Pacific Minerals is spinning off its oil and gas and real estate assets into public companies but has no plans at the moment to take the mining company public. Santa Fe …
EDITORIAL Bigger is cheaper
The most significant technological factor affecting our production during the 1980s was size of equipment. Bigger is better, and cheaper. . . . We now use bigger trucks — 150 tons versus the 50- and …
Chile’s Escondida set to produce
About eight months ahead of schedule and under budget, the huge Escondida copper mine in northern Chile is scheduled to enter production in December. Output of refined copper in 1991 is expected to to…
Environmental `Bill of rights’ a dangerous precedent
The Northwest Territories has become the first jurisdiction in Canada to have an “Environmental Bill of Rights.” While superficially attractive as a way of protecting the environment, the environmenta…
Brunswick extends new sulphide zone
Recent drilling on a sulphide lens discovered last year at the north end of Brunswick Mining and Smelting’s (TSE) No. 12 mine near Bathurst, N.B., has extended the zone along strike and at depth. Most…
Inco sees 10% cost increase – Nickel grades declining
Nickel producer Inco (TSE) will likely face a 10% increase in production costs next year as grades at the company’s Canadian mines bottom out, Chairman Donald Phillips told a group of analysts at a re…
IOCC GOLD OPTIONS (November 26, 1990)
Options Open Series Volume Last Interest Feb. 370 C 210 22.50 305 Feb. 380 C 237 17.50 761 Feb. 400 C 163 7.70 1,119 Feb. 410 C 252 5.50 1,844 Feb. 420 C 321 4.00 1,916 Feb. 430 C 140 3.00 569 Feb. 46…
Malartic cuts good holes at Orion mine
Toronto-based Malartic Hygrade Gold Mines (VSE) says better than expected drill results have been encountered during recent delineation drilling on its 60% owned Orion property near Val d’Or, Que. The…
Jordex buying stake in Bolivian project
Jordex Resources (VSE) has finalized an agreement with Compania Minera Tiwanacu of Bolivia to earn a 50% interest in the latter company’s base and precious metal properties in South America. The compa…