Fairfield ships more gold ore
A second shipment of high-grade gold ore containing a minimum 6,560 oz. gold was made by Fairfield Minerals (TSE) to Noranda’s Horne smelter in Eastern Canada. Fairfield has so far shipped a total of …
Articles by Northern Miner Staff
NovaGold resumes drilling program
A 1,500-metre drilling program is under way at its Sears Lake and Sewell Brook properties in northern New Brunswick, reports operator NovaGold Resources (TSE). The program is financed by Kennecott Can…
Spot prices at a glance (March 08, 1993)
Week’s Price (US) Change Gold* $329.55 – $0.80 Silver* $ 3.58 – $0.02 Platinum* $342.50 – $4.25 Nickel** $ 2.68 – $0.14 Lead** $ 0.19 $0.00 Copper $ 0.97 – $0.03 Zinc $ 0.46 – $0.02 Courtesy of Scotia…
PRODUCER PRICES (March 08, 1993)
ALUMINUM: MW U.S. market US55-56 cents per lb. (Feb. 25, 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). CA…
GOLD FUNDS (March 08, 1993)
Gold Funds as of Mar. 2 BGR Central Net Value $8.75 $4.92 Price $6.88 $4.65 Discount 21.46% 5.5% Value $49,032,000 $78,232,995…
FINANCING (March 08, 1993)
Breckenridge Res. Ltd. — 1,000,000 units @ 65 cents per unit where each unit consists of 1 sh and 2 wts. 2 Series A wts to purchase 1 sh. Plus an over-allotment of 150,000 units @ 60.125 cents per un…
Cominco issue worth $12 million
A $12-million private placement by Cominco (TSE) will provide an cash infusion enabling Cominco Resources International (TSE) to advance projects in Turkey and Chile and meet ongoing requirements of t…
Crude steel output decreases
World crude steel production in 1992 totalled 714 million tonnes, off 3% from the 1991 amount, according to preliminary estimates by the International Iron and Steel Institute of Brussels. Output in t…
Jordex announces Bolivian sale
A decision by Jordex Resources (TSE) to sell stock interests in a Bolivian zinc company was attributed to the general zinc market decline. As a result, substantial losses are being incurred. Jordex ag…
Falconbridge drills near Matachewan
Falconbridge has begun a 3,500-metre diamond drill program on the Robertson Twp. base metal property 14 km north of Matachewan, Ont. The 135-claim property, owned 40% by Strike Minerals (CDN) and 60% …
USMX completes Goldstrike purchase
Although the purchase price was not disclosed, USMX (NASDAQ) reports it has completed the acquisition of the Goldstrike mine near St. George, Utah, from owner Tenneco Minerals. James Knox, president o…
Exploration funds move southward
Gold companies in the U.S. are moving large portions of their exploration budgets to Latin America, where government leaders are actively revising mining laws to attract foreign investment, according …