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…
Articles by Northern Miner Staff
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…
Arbor, Wealth projects returned
Several grassroots exploration prospects were returned to Wealth Resources (VSE) and Arbor Resources (VSE) after various joint venture partners failed to return significant mineralization from 1992 ex…
NEWS ROUNDUP — Adonos and Bellex amalgamating
The amalgamation of Adonos Resources (TSE) and Bellex Mining (VSE) has been approved by shareholders of both companies. The name of the amalgamated company, to be based in Vancouver, is ADEX Mining, a…
NEWS ROUNDUP — Chase hires a fiscal agent
A fiscal agency agreement was recently completed between First Marathon Securities and Chase Resource (VSE). Under the terms of the agreement, First Marathon will act as fiscal agent and financial adv…
Sopko to speak at CIM dinner
Guest speaker at a “student’s night” dinner Jan. 21 at Toronto’s Royal York Hotel will be Michael Sopko, chairman and chief executive officer of Inco Ltd. The dinner is sponsored by the Canadian Insti…