PRODUCER PRICES (August 02, 1993)
ALUMINUM: MW U.S. market US55.50-56.50 cents per lb. (July 22, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
Articles by Northern Miner Staff
NEWS ROUNDUP — Freewest raises $7 million
To help finance its share of the Holloway gold project in northeastern Ontario, Freewest Resources (TSE) has negotiated a $7-million private placement of 2.5 million special warrants with Pollitt, Ber…
High River drilling deep at Snow Lake gold bet
Having completed a $1.6-million private placement, High River Gold Mines (TSE) has begun 18,000 ft. of deep drilling on its Snow Lake gold property in northern Manitoba. The new program, estimated to …
Cominco loss affects Teck earnings
Low zinc and lead prices led to lower earnings for Teck (TSE) in the 1993 second quarter ended June 30. Net earnings of $3 million for the period were down considerably from $12 million a year earlier…
In the trough — Inco hammered by nickel price
Low nickel prices continue to take their toll on Inco (TSE), which reported losses of US$2.2 million (3 cents per share) for the second quarter and US$24.8 million (25 cents per share) for the six mon…
Noranda earnings take a tumble
The earnings of Noranda (TSE) tumbled during the second quarter to a net profit of $1 million for the three months but a per-share loss of 7 cents after preferred share dividends. For the same quarter…
NEWS ROUNDUP — Deak to reopen Kerr mine
Underground mining at the Kerr gold mine in Virginiatown, Ont., will be reactivated immediately, reports owner Deak Resources (TSE). Although mining has been suspended since February, ore has neverthe…
RCMP lays new Westray charges
New, more precise charges of criminal negligence and manslaughter have been laid against Curragh (TSE) and two former managers of the Westray coal mine in Nova Scotia. The latest charges were filed by…
NEWS ROUNDUP — Jarvis completes production trials
Vancouver-listed Jarvis Resources has completed production trials at its natural marble processing plant near Sudbury, Ont. The high-capacity automated processing lines, imported from Europe and insta…
PEOPLE — CHARLIM EXPLORATIONS
Bernard Imbeault appointed vice-president.
LETTERS TO THE EDITOR — Editor’s Note:
Investment newsletter writer Paul Sarnoff in his July 7 issue criticized Canadian diamond exploration. Clearly not a believer, Sarnoff said, among other things, it would be 100 years before a diamond …
COMMENTARY — Copper, zebra mussels don’t mix
A university of Toronto study has found that copper surfaces are effective in preventing zebra mussel attachment. Working at a Lake Erie test site, Professor Jan Spelt of the U of T’s mechanical engin…