Articles by Northern Miner Staff

Spot prices at a glance (March 22, 1993)

Week’s Price (US) Change Gold* $328.65 + $2.15 Silver* $ 3.66 + $0.09 Platinum* $348.45 + $3.45 Nickel** $ 2.68 – $0.04 Lead** $ 0.18 – $0.01 Copper $ 0.98 + $0.01 Zinc $ 0.45 $0.00 Courtesy of Scotia…


Gold Funds (March 22, 1993)

Gold Funds as of Mar. 16 BGR Central Net Value $8.84 $4.87 Price $6.88 $4.50 Discount 22.25% 7.6% Value $48,528,000 $75,709,350…


PRODUCER PRICES (March 22, 1993)

ALUMINUM: MW U.S. market US54-55 cents per lb. (Mar. 4, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CAD…


Toronto Stock Exchange Indices (March 22, 1993)

Mar.16 Mar.15 Mar.12 Mar.11 Mar.10 High Low Composite”300″3556.77 3562.05 3548.06 3552.42 3551.99 4009.47 3009.91 Metals&Minerals 2885.30 2888.00 2902.97 2806.14 2931.29 3453.06 2502.63 Integrated Min…


Canmine drilling continues on Fer

Canmine Resources (CDN) has completed 11 holes on its Fer property in northern Manitoba. Each hole contains two or three gently dipping massive sulphide layers, each of which averages five feet in thi…


Kennecott to close Alaskan zinc mine

Kennecott, the U.S. subsidiary of RTZ, is ceasing production at its 53% owned Greens Creek zinc-lead-silver mine, near Juneau, Alaska. The closure, which will eliminate 230 jobs, is due to low metal p…


Athabasca rejects Mongolian deal

Vancouver-based Athabaska Gold (VSE) has backed away from a letter of intent to earn an interest in the Bumbat gold field in the Republic of Mongolia. Athabaska elected not to proceed with an option t…


McBride buys stake in Xavier

John McBride, president and director of Xavier Mines (ASE), has purchased 366,700 shares, or 13.8%, of the junior company’s common shares. The shares were bought though a private placement at 30 cents…


Ego to purchase cobalt recovery company Cobatec

Shares of Ego Resources (TSE) reached a 52-week high of 83 cents recently when the company agreed to purchase a private company that has developed a low-cost process to recover cobalt from high-grade …


NEWS IN BRIEF (March 22, 1993)

Eskay Gold Corp. (ES:VSE) has changed its name to Consolidated Eskay Gold Corp. (CKO:VSE) with a consolidation of capital on a 1-new-for-1.8-old-share basis. The transfer agent is Pacific Corporate Tr…


Lac must drop Lisheen offer

A deal by which Lac Minerals (TSE) would have acquired control of an Irish zinc-lead deposit has fallen through. Lac was offering US$70 million for a 52.5% interest in the Lisheen property belonging t…



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