1991


HEAP LEACHING, A PROFITABLE SIDELINE

Heap leach ore at El Indio is a byproduct of mining in the Tambo open pits. Low-grade ore running on average 1.2 g per tonne — waste rock were it not for heap leaching — is piled in 6-m lifts up to …




Mine writeoffs hurt Granges

Writeoffs at the Crowfoot/Lewis mine in Nevada and the now-closed Tartan mine in Manitoba helped push Granges (TSE) into a $22.3-million loss for the three months ended Sept. 30. Granges wrote down it…



MinVen outlines terms of United Coin merger

Colorado-based MinVen Gold (TSE) is set to secure the 66% interest in the Golden Reward mine it doesn’t already own by agreeing to merge with United Coin Mines (TSE) of Toronto. After freezing conditi…


Montreal Exchange (November 25, 1991)

An economy with few bright spots seemed to worry investors during the week ended Nov. 20. Both the market portfolio and mining and minerals index turned down, the former by 55.5 points and the latter …


Workers settle at Highland Valley

A new 2-year agreement has been ratified by Highland Valley Copper workers in south-central British Columbia. The contract, to run until Sept. 30, 1993, increases wages by 5% in each of the two years….


Agnico hits new zone at LaRonde

Agnico-Eagle Mines (TSE) has discovered a new gold-bearing zone lying 300 ft. north of the main producing horizon at the LaRonde mine near Rouyn-Noranda, Que. Agnico intersected the 2-3 ft. thick zone…


Spot prices at a glance (November 25, 1991)

Week’s Price (US) Change Gold* $362.55 + $6.10 Silver* $ 4.08 + $0.03 Platinum* $366.15 + $2.50 Nickel** $ 3.23 – $0.07 Lead** $ 0.23 + $0.01 Copper{ $ 1.07 – $0.02 Zinc{{ $ 0.52 + $0.04 @SPOTTEXT = C…


New offering planned by Barrick

A public offering worth $113 million is planned by American Barrick Resources (TSE). The offering of four million common shares was announced on a “bought basis” at $28.25 per share. The shares will b…


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