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 …
Articles by Northern Miner Staff
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…
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, …
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…
Downturn, soft prices take toll on exploration budgets, staff
Caught in a cycle that repeats itself every few years, dozens of industry geologists — victims of yet another downturn in exploration spending — are packing up their hammers and compasses. Although …
Westmin slips into the red
Results took a turn for the worse for Westmin Resources (TSE) with the company reporting a loss of $3.2 million for the third quarter ended Sept. 30. This compares to earnings of $1.1 million in the t…
Euro-Nevada adds to royalty portfolio
Toronto-based royalty company Euro-Nevada Mining (TSE) recently added royalty interests in two U.S. projects to its growing portfolio. Euro-Nevada has agreed to acquire from Centurion Gold (NASDAQ) su…
News In Brief Red Dog impact
The huge Red Dog zinc-lead- silver mine in Alaska of Cominco (TSE), started up about one year ago, is having a major impact. In less than two years, the state’s status has changed from being a non- pr…
Pezim’s penalty: Will the VSE be able to survive?
The British Columbia Securities Commission (BCSC) is keeping the industry guessing as to what penalties, if any, will be handed out to Vancouver promoter Murray Pezim and two of his associates. Analys…
EDITORIAL Exploration gets cut first
Near the bottom of every business cycle major mining companies suddenly realize they’re going to lose money unless metal prices go up or operating costs go down. They can’t control metal prices, but t…
News In Brief Uranium price slips
U.S. uranium exchange company Nuexco reports that the exchange value of uranium (U/c3h/O/c8h/) fell in October to its lowest level ever in constant 1990 dollars, slipping US$1.75 to US$8.35 per lb. Th…
VSM, launches new drilling program on Grevet zinc bet
Encouraged by a new discovery on optioned property about five kilometres southeast of their Grevet zinc project near Quevillon in northwestern Quebec, VSM Exploration (TSE) and Serem-Quebec have launc…