Transgold seeks reactivation
CDN-listed Transgold Explorations and Investments (CDN) has asked the Ontario Securities Commission to remove the cease-trading order imposed on it in 1992 for failing to file financial statements. If…
Articles by Northern Miner Staff
Broker disclosure required in U.S.
Brokers in the U.S. must now disclose to their customers any payments they make to market makers to execute the orders of customers. The Securities and Exchange Commission in Washington recently appro…
Bitterroot to produce garnet
In a bid to become a dominant low-cost producer of alluvial almandine garnet products, Bitterroot Resources (VSE) will buy a 700-ton-per-day modular heavy mineral recovery plant in Arizona. The 4-year…
PEOPLE — AMERICAN GEM (October 03, 1994)
Robert Kane appointed vice-president and director of gemology and international exploration; Londell Faught appointed vice-president and chief financial officer; and Edward Mihelich appointed vice-pre…
FACTS & FIQURES — Some optimism for zinc market
Figures published by the International Lead and Zinc Study Group show that between 1979 (the last cyclical peak) and 1992 (the last year for which it has figures), the consumption of zinc in galvanizi…
METAL PRICES — FREE MARKET (October 03, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Sept 27 Sept 26 Sept 23 Sept 22 Sept 21 Copper 2548.5-2549 2553-2554 2555.5-2556.5 2519.5-2520.5 2518-2519 Lead N/A 618.5-619.5 620.5-62…
Nuinsco offering raises $2.8 million
A rights offering to shareholders of Nuinsco Resources (TSE) has raised $2.8 million. The bulk of funds will be used to advance development of the Cameron Lake gold deposit and explore the Rainy Lake …
INSIDER TRADING — Aber executives active
Two senior officers of Aber Resources (TSE) exercised options and bought and sold shares in August. According to the Ontario Securities Commission’s OSC Bulletin, senior officer Robert Hindson exercis…
Joutel set to drill three Cuban gold discoveries
Drilling is scheduled to begin shortly in Cuba on three new gold discoveries belonging to Joutel Resources (TSE). The first discovery, La Zona Barita, is on the Sierra Maestra concession in the southe…
Triton boosts reserves at Nicaraguan mine
Toronto-listed Triton Mining has announced a 58% increase in reserves at the Limon gold mine in Nicaragua. Proven and probable minable reserves have risen to 375,700 oz. from 238,000 oz. and are deriv…
NEWS ROUNDUP — Copperstone expands Mexican ground
Junior Copperstone Resources (VSE) has acquired an interest in five additional exploration concessions in Baja California Sur, Mexico. Two of these adjoin the company’s existing concession interests, …
Spot prices at a glance (October 03, 1994)
Week’s Price (US) Change Gold* $397.50 + $2.70 Silver* $5.70 + $0.03 Platinum* $419.40 – $0.60 Nickel** $2.92 $0.00 Lead** $0.28 $0.00 Copper{ $1.16 + $0.02 Zinc{{ $0.46 + $0.01 Courtesy of Scotiabank…