Inco announces production cutbacks
Market conditions have forced Inco (TSE) to reduce nickel production at its Canadian operations by 60 million lb. The cutbacks at the Ontario and Manitoba divisions will occur during the December, 199…
Articles by Northern Miner Staff
Investors ride the wind as LME speculation grows
The whirlwind of base metals prices is as wild as ever, owing to the sales policies of producers over recent years. Those policies consist of selling all output at the best price the market can provid…
NEWS ROUNDUP — MinVen now Dakota Mining
With its corporate restructuring now complete, MinVen Gold is now known as Dakota Mining (TSE). The company eliminated its debt with a US$11-million private placement, leaving about US$7 million in ca…
NEWS ROUNDUP — Drilling planned for San Bernardino
An initial 2,800-metre drilling program is planned at the San Bernardino gold prospect in Bolivia for October. Orvana Minerals (TSE), which has a 35% interest in the project, said the drilling will te…
EDITORIAL PAGE — The cost of complacency could be your job
When Prairie farmers suffer a devastating drought, the House of Commons immediately erupts. The federal government cannot say enough nor do enough to calm opposition critics. Usually, the net result i…
LETTERS TO THE EDITOR — Planned DHK bulk sample an
In “Economic pipes indicated at BHP-Dia Met project” (T.N.M., Sept. 27/93), you write of the BHP-Dia Met group’s apparent decision not to proceed with any further testing of the Point Lake discovery a…
NEWS ROUNDUP — Repadre gets proceeds from offering
Toronto-listed Repadre Capital has received net proceeds of $17.1 million from its previously announced issue of six million special warrants at $3 each. The final prospectus was recently approved by …
South Australia site of minerals rush
Potentially huge deposits of diamonds, gold and other minerals found during recent geophysical surveys of South Australia have triggered a rush by domestic and overseas exploration companies, governme…
STOCK MARKETS — Gold’s increase helps markets post modest
The recent increase in the price of gold, reportedly tied to buying by investment funds, likely helped western markets post modest gains during the week ended Oct. 12. Gold gained more than US$13 duri…
TSE INDICES (October 18, 1993)
— Week — Oct 12 Oct 11 Oct 8 Oct 7 Oct 6 High Low Composite”300″ 4107.31 N/A 4067.27 4060.79 4055.48 4107.35 4030.59 Metals&Minerals 2950.37 N/A 2914.56 2927.74 2897.14 2951.88 2879.25 Integrated Mi…
LETTERS TO THE EDITOR — Coal mines achieve ISO
The article “Coming to a mine near you: ISO9000” (T.N.M., Sept. 27/93) details the steelmakers’ drive to have quality control systems put in place by their raw material suppliers, yet not once does it…
GOLD FUNDS (October 18, 1993)
Gold Funds as of Oct. 12 BGR Central Net Value $13.79 $5.88 Price $12.88 $6.625 Discount 6.63% 12.7% Value $77,238,000 $119,907,863…