Barrick, Newmont discuss Post deal
Major North American gold producers and Carlin Trend neighbors Newmont Mining (NYSE) and American Barrick Resources (TSE) are talking again, but not about a corporate merger. Newmont Chairman Gordon P…
News
Environment, consolidation top mining industry issues
Mining companies will be setting aside a much larger portion of their budgets to cover reclamation costs and environment-related matters, according to a survey by Toronto accounting firm Peat Marwick …
Toronto Stock Exchange (January 20, 1992)
Vancouver resource giants Cominco and Teck teamed up with Aur Resources during the week ended Jan. 14 to provide financing for the $326-million copper-zinc project at Louvicourt Twp., Que. The agreeme…
PROFILE (January 20, 1992)
For the past two years, Noranda Inc. has been redesigning its corporate structure to maximize profit. According to plan, Noranda Minerals alone, a wholly owned subsidiary, will trim its exploration wo…
TORONTO STOCK EXCHANGE INDICES (January 20, 1992)
Jan 14 Jan 13 Jan 10 Jan 9 Jan 8 High Low Composite 300 3634.98 3594.39 3593.39 3580.60 3515.64 4009.47 3009.91 Metals & Minerals3039.41 2972.56 2975.04 2998.40 2939.33 3453.06 2502.63 Integrated Mine…
NovaGold to use vat-leaching on Newfoundland gold project
Halifax-based NovaGold Resources (TSE) plans to apply its vat-leaching techniques, which have been successful at the Murray Brook mine in New Brunswick, to the Pine Cove gold property in the Baie Vert…
NEWS ROUNDUP (January 20, 1992)
New Zealand company Restech International says its Restech Canada Holdings Ltd. unit is set to acquire a 34% stake in Vancouver-based High River Gold Mines (TSE) from TVX Gold (TSE). In exchange for t…
Inco to explore massive sulphide near Prince Rupert
A spring work program is being planned by Inco (TSE) to test a polymetallic massive sulphide target on the newly optioned Pitt Island property 40 miles south of Prince Rupert, B.C. Two junior companie…
PRODUCER PRICES (January 20, 1992)
ALUMINUM: MW U.S. market US51.25-51.75 cents per lb. (Jan. 2, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADM…
New Golden looks at foreign projects
New Golden Sceptre Minerals (VSE) says it is negotiating two joint venture agreements overseas. One involves mining of a modest gold deposit in South America, while the other covers oil exploration an…
Stepout drilling expands Kemess reserves
Stepout drilling on the South Kemess property in north-central British Columbia during 1991 added significant reserves to what was already a large copper-gold deposit. A preliminary estimate of reserv…
METAL PRICES (January 20, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 14 Jan 13 Jan 10 Jan 9 Jan 8 Copper 1167-1168 1165-1166 1175-1177 1154-1155 1124…