ODDS’N’SODS — Mining atop Mount Copeland
As the old saying goes, “some people thrive on adversity.” This may or may not be true. However, the crew who volunteered to work at the top of Mount Copeland in the winter of 1967 were sorely tested …
Articles by Northern Miner Staff
Mineral rights relinquished for Yukon parkland
Six resource companies, Noranda among them, have sold and donated their mineral rights in the northwest corner of the Yukon. The move will result in the creation of a new park, Vuntut. Two-thirds the …
EDITORIAL PAGE — When good news is no news
American Barrick announces an astonishing 72% rise in profits in the first half of the year. But such sterling financial performance garners hardly a ripple in the financial news columns. It’s given m…
MAPAO granted civic award
The Mines Accident Prevention Association of Ontario (MAPAO) has been presented with two awards from the city of North Bay. Both awards were given for MAPAO’s “significant contribution to the outstand…
NO HEADLINE (July 26, 1993)
Despite a flurry of exploration in the Northwest Territories, where an estimated 30 exploration camps and several drills are active, the speculative diamond market is in the doldrums. The shares of ma…
Canarc acquires options in Guyana
Under an option agreement, Canarc Resource (VSE) can earn a 35-65% interest in four gold properties near the Cayuni and Barama Rivers in northwestern Guyana. It can earn an initial 50% interest in eac…
Prime Equities to buy Hasbrouk
An agreement has set the stage for Prime Equities International (VSE) to buy the Hasbrouk Mountain gold-silver property from a unit of Homestake Mining (NYSE). Near Tonopah, Nev., the property has a g…
Central bank sales cap gold price
The future direction of the gold price is of keen interest to many market-players. The price has been propelled by an expectation that inflation rates will rise sharply; this is seen as a possible con…
Consultant buys more Orvana
Merwin Bernstein, a Chile-based geological consultant and director of Orvana Minerals (TSE), boosted his stake in the aggressive junior exploration company at the end of June. According to the Ontario…
METAL PRICES — FREE MARKET (July 26, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 20 July 19 July 16 July 15 July 14 Copper 1894-1895 1917-1918 1913-1915 1925-19…
Producer Prices (July 26, 1993)
ALUMINUM: MW U.S. market US55.50-57.00 cents per lb. (July 15, 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…
Toronto Stock Exchange Indices (July 26, 1993)
— Week — Jul 20 Jul 19 Ju1 16 Jul 15 Jul 14 High Low Composite”300″ 3876.14 3867.74 3901.79 3931.27 3941.66 3957.09 3855.68 Metals&Minerals 2850.56 2828.13 2852.17 2887.52 2937.33 2963.14 2815.42 In…