Wharf arranges US$20-million loan
Wharf Resources Partnership, which owns the Wharf open-pit gold mine near Lead, S.D., has arranged a US$20-million term loan with a U.S. bank. The Wharf Resources Partnership is 100% owned by Wharf Re…
Articles by Northern Miner Staff
Imperial sells Crow Butte interest
A net gain of more than $2 million is expected by Imperial Metals (TSE) from the recent sale of a 22% interest in the Crow Butte uranium mine to Uranerz U.S.A. The transaction will increase Uranerz’s …
Nanisivik funds Asquith on new belt
Nanisivik Mines, a unit of Conwest Exploration (TSE), has agreed to fund initial exploration work on Asquith Resources’ (CDN) claims south of Shining Tree, Ont., through a private placement of common …
Hall of Fame adds 9 new members
More than 400 guests gathered recently at Toronto’s Royal York Hotel to honor nine new inductees into the Canadian Mining Hall of Fame. It was the fifth annual banquet, held to recognize the achieveme…
LATIN AMERICA — Minera Rayrock drilling hits copper
A recently completed exploration program has encountered widespread copper mineralization on Minera Rayrock’s (TSE) Sierra Valenzuela property in northern Chile. The program consisted of geological ma…
Lencourt under new management
Toronto-based geological consulting firm Watts, Griffis and McOuat (WGM) has sold more than two million shares of Lencourt (TSE) to Interchem (N.A.) Industries in trust. Interchem, a Vancouver-listed …
Diamond play revives Ateba
Ordered to cease trading on The Toronto Stock Exchange almost three years ago, Ateba Mines expects to resume trading, this time on the unlisted market, within the next couple of weeks. “What has made …
LETTERS TO THE EDITOR — NDP’s `thousand cuts’ hurt
The attempts by Ontario’s Premier Bob Rae to distance himself from the numerous discredited present and former cabinet ministers and scandals within the New Democratic Party cannot be allowed to succe…
Princeton faces drilling delays at Rio Lluta
A drilling program on the Rio Lluta property near Arica in northern Chile is scheduled to start shortly. Princeton Mining (TSE) had planned to begin drilling last November but the drilling equipment c…
Trading on TSE jumps 25.5% in 1992
The number of shares traded on The Toronto Stock Exchange (TSE) jumped by 25.5% to 7.3 billion in 1992, according to a recent report from the exchange. Compared with 1991, the total value traded was u…
Lumina assembling land package
Mine financier Robert Hunter is getting into the diamond exploration business. As president of Lumina Investment (VSE), Hunter is overseeing the assemblage of a “significant” property portfolio in bot…
PRODUCER PRICES (January 18, 1993)
ALUMINUM: MW U.S. market US57-58 cents per lb. (Jan. 8, 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. (Jun. 11, 1992). CAD…