PRODUCER PRICES (October 18, 1993)
ALUMINUM: MW U.S. market US51.50-52.50 cents per lb. (Sept. 30, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1…
Articles by Northern Miner Staff
Bolivar set to begin $5-m field programs
Vancouver-listed Bolivar Goldfields will use proceeds from a $7.5-million financing to expand exploration in Venezuela’s Bolivar state. Activity will be focused on the gold districts of El Callao, Chi…
DIAMOND PAGE — Dia Met clarifies media reports on Lac de
The Lac de Gras region of the Northwest Territories received some international attention recently as BHP held its annual meeting in Melbourne, Australia. A news service reported BHP Chairman Brian Lo…
GOLD FUNDS (October 11, 1993)
Gold Funds as of Oct. 5 BGR Central Net Value $13.31 $5.72 Price $11.75 $6.375 Discount 11.73% 11.5% Value $74,562,000 $115,383,038…
Diamond Fields raises $5 million
A brokered private placement of 1.5 million special warrants at $3.40 each will net Diamond Fields Resources (VSE) just under $5 million. The issue replaces a financing which the company was forced to…
STOCK MARKETS — Gold remains stable amidst more Russian
One might have expected rather dramatic rumblings in the gold market this report week, when Russian President Boris Yeltsin’s tanks blasted holes in the Russian parliament buildings to end a week-old …
Athabaska, Ramrod and Gitennes jubilant as Damoti Lake
Drilling at the Damoti Lake project, 150 km north of Yellowknife, N.W.T., has returned a 10-metre intersection grading 16.26 grams gold per tonne in Hole D-5. Consolidated Ramrod Gold (TSE) is earning…
MAC `ambassadors’ determined to keep mining in Canada
As the federal election heats up, Canadians whose livelihoods are tied to mining should ask their riding candidates what they intend to do — if anything — to keep the industry in Canada. That is the…
Metall acquires smelting assets
Toronto-based Metall Mining (TSE) has bought certain copper smelting and refining assets from controlling shareholder Metallgesellschaft of Germany in a deal worth $171 million. Metall acquired a 35% …
Nfld. Goldbar expands gold zone
Drilling by Newfoundland Goldbar Resources (CDN) on its Glover Island property in west-central Newfoundland returned significant gold values over wide widths. Three holes were drilled on 300-ft. stepo…
EDITORIAL PAGE — Taken for granted
It seems that too many Canadians see only the benefits of a world in which mining and its “loathsome” Windy Craggys are absent. It would be true, for example, that the world would be a quieter place w…
COMMENTARY — Pipes susceptible to erosion
Kimberlites and lamproites were intruded through the Earth’s crust over a wide variety of ages. Not surprisingly, they have all experienced some degree of erosion. In Botswana, a thick cover of windbl…