PEOPLE — NEWMONT MINING & NEWMONT GOLD (January 18, 1993)
Wayne Murdy elected senior vice-president and chief financial officer.
Articles by Northern Miner Staff
Aronos plans private placement
A $1-million private placement, subject to shareholder approval, is planned by Aronos Multinational (CDN) for its gold project in the Mexican state of Sonora. The placement will involve the issue of o…
STOCK MARKETS — Toronto market slides but penny stocks boost
The average daily trading volume on The Toronto Stock Exchange surged to about 50 million shares during the week ended Jan. 12, compared with 30-35 million shares on any given day last year. Market wa…
STOCK MARKETS — Juniors gain from positions in Venezuelan
Continued weakness in diamond-related issues after the previous week’s selloff hampered western markets during the period ended Jan. 12. The Vancouver Stock Exchange resource index was left unchanged …
Swedish parent would sell Geonics
A policy of privatization by the Swedish government has placed Geonics Ltd. of Mississauga, Ont., on the sales block. Geonics is wholly owned by the SGAB Group, a state-controlled Swedish enterprise c…
EDITORIAL PAGE — Power for all
Among the “hot” issues of the day is electricity. What will be the source of future production? Will it be affordable? What about any harmful effects to the environment? Perhaps the only question not …
COMMENTARY — Of cash flow and gold prices
Analyst John Lydall of First Marathon Securities, writing in The Senior Canadian Gold Producers, 1993 Preview: In looking ahead, it is important not only to focus on likely earnings but also on each c…
Program named after Aitken
A new sustainable development internship program will be named in memory of the late W.R.O. (Roy) Aitken, federal Environment Minister Jean Charest announced recently. Aitken, who died last November a…
VSE resource index posts 50% increase
Market activity on the Vancouver Stock Exchange increased during 1992, with both higher volume and value reported. Total volume trading in 1992 reached almost 3.9 billion shares compared with about 3….
NEWS IN BRIEF (January 18, 1993)
Long Range Resources Ltd. (LRG:ASE) has changed its name to Sport Specific International Inc. with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is R-M Trust Co. in C…
Spot prices at a glance (January 18, 1993)
Week’s Price (US) Change Gold* $327.85 – $1.00 Silver* $ 3.67 – $0.03 Platinum* $356.60 – $1.10 Nickel** $ 2.72 – $0.10 Lead** $ 0.20 $0.00 Copper $ 1.01 – $0.05 Zinc $ 0.48 – $0.00 Courtesy of Scotia…
Gold price slides, other metals rebound
As gold prices plunged to a 7-year low, other metal prices continued to rebound from slumps experienced in mid-November. On Jan. 4, gold was fixed in London at US$328.25 per oz. in the afternoon sessi…