San Andreas focuses on reserves
With a 1,200-ton-per-day mill almost ready to turn over and two million tons of ore reserves, San Andreas Resources (VSE) could have a mine operating at the Prairie Creek mine project in the Northwest…
Articles by Northern Miner Staff
Placer Dome acquires 50% stake in northern Chile copper
Major companies bullish about copper appear to be making Chile a prime hunting ground for new acquisitions. The latest is Placer Dome (TSE), which after completing a due diligence review, acquired a 5…
Nova-Cogesco buys Aurizon stake
A 6.6% interest in Aurizon Mines (TSE) has been sold to Nova-Cogesco Resources (TSE) by Hughes Lang (VSE) of Vancouver, the companies report. Nova-Cogesco is a 51% indirect subsidiary of Hughes Lang; …
Canarc nets 91% of Suntac
With the completion of a successful takeover offer for all the shares of Suntac Minerals (VSE) not already owned, Canarc Resources (VSE) will hold a total of 13,070,581 shares, or about 91% of Suntac’…
EDITORIAL PAGE — Happy retirement, Mort
What can you say about a man who has spent 43 years with the same newspaper, who has outlived more than a few of the mining operations he has written about, and who has almost as many stories about th…
Uranium output in Western World declines
If the conclusions of a report by the Uranium Institute of London are anything to go by, Canada’s uranium miners will see a vibrant future unfolding in the years ahead. The report is a store of statis…
More about diamonds (December 28, 1992)
Canadian mining companies are involved in the search for diamonds both at home and abroad: N.W.T. and Alberta After five months of negotiations, DHK Resources — owned equally by Dentonia Resources (V…
STOCK MARKETS — South American gold projects spark
Bullish reports emerging from Canadian projects in South America, specifically from Venezuela and its neighbor Guyana, sparked investor interest on The Toronto Stock Exchange during the week ended Dec…
Gold Funds (December 28, 1992)
Gold Funds as of Dec. 22 BGR Central Net Value $8.12 $5.18 Price $6.25 $4.60 Discount 23.01% 11.2% Value $46,266,000 $77,391,780…
Dundee offer (December 28, 1992)
An offer for each of the outstanding common shares of Dundee Capital it does not already own will be made by Dundee Bancorp (TSE). Dundee Bancorp, which will offer $7.45 per share, currently has an ap…
Spot prices at a glance (December 28, 1992)
Week’s Price (US) Change Gold* $332.50 – $2.40 Silver* $ 3.70 – $0.01 Platinum* $359.50 – $3.25 Nickel** $ 2.64 + $0.04 Lead** $ 0.21 $0.00 Copper $ 1.02 + $0.02 Zinc $ 0.48 $0.00 Courtesy of Scotiaba…
Metal prices in sharp decline
The metal and mineral sub-index of Scotiabank’s commodity price index suffered another sharp decline in November. After improving earlier in the year, the sub-index has fallen below the previous low i…