Articles by Northern Miner Staff

Drilling has resumed at Flag Resources (ASE) Wanapitei property near Sudbury, Ont. At presstime, a 1,700-ft. hole at Wolf Lake had been extended to 2,000 ft. on its way to a targeted depth of 3,000 ft…

A seat on the New York Mercantile Exchange (Nymex) recently sold for a record US$400,000. The previous high of US$395,000 was set a few days earlier, which surpassed an earlier record value of US$350,…

Gold Funds as of Dec. 28 BGR Central Net Value $15.78 $6.49 Price $14.25 $6.750 Premium 4% Discount 9.67% Value $88,367,000 $122,170,275…

Significant court rulings in 1993 included an appeal decision concerning the Brookbank gold project in northwestern Ontario and the Seabright case in Nova Scotia. In a decision by the Ontario Court of…

By the end of 1995, Freeport-McMoRan Copper & Gold (NYSE) expects to have expanded its mine and mill in Indonesia. An expansion to 115,000 from 66,000 tonnes per day is planned. The completion is to b…

Weeks Price (US) Change Gold* $385.65 – $0.75 Silver* $ 5.09 + $0.09 Platinum* $388.50 + $3.00 Nickel** $ 2.42 + $0.02 Lead** $ 0.22 + $0.01 Copper $ 0.82 + $0.01 Zinc $ 0.44 – $0.01 Courtesy of Scoti…

Further trenching on the Kaburi-Eldorado project in Guyana has returned more high-grade gold values. Cathedral Gold (TSE) is earning up to a 90% interest in the property which is 20 miles northwest of…

At a time when its reputation is being seriously damaged by claims of financial mismanagement, the Ontario Workers Compensation Board (WCB) is sending a mixed message to the provinces mining sector. A…

The American Zinc Association has charged the U.S. defence department with selling stockpiled zinc at prices below the market. The zinc sold from that nation’s strategic stockpile has cost taxpayers m…

Managers of Sharpe Energy and Resources (VSE) outlined corporate strategy at a recent meeting in Toronto. The company wants to increase production either by exploration, acquisition or equity investme…

Joint-venture partners Tanqueray Resources (ASE), Fibre-Klad Industries (ASE) and Mill City Gold (VSE) provided some Christmas cheer to shareholders by reporting that diamonds were found in the second…

The Toronto Stock Exchange enjoyed a fabulous year. With only about a week to go before 1993 fades into history, the 300 Composite Index gained nearly 1,000 points year over year. On Dec. 22 last year…