Articles by Northern Miner Staff

Machinations in European currency markets appeared to give gold a bit of a boost during the period ended Sept. 15. Bullion finished the week up US$4 as continued high German interest rates put pressur…

Russian metal exports and western reactions are puzzling. Repeated official Russian government announcements of new regulations and licensing requirements to reduce unauthorized and illegal exports ar…

Results from a summer drilling program on the diamond property of BHP Minerals Canada and Dia Met Minerals (VSE) in the Northwest Territories fell short of market expectations when Dia Met issued an u…

A new gold mine is about to enter production in this South American nation which is of major significance not only to the owners, Cambior (TSE) and Golden Star Resources (TSE), but to the country. The…

International Musto Explorations (VSE) has issued for sale 2,594,111 common shares at a price of $2.25 to raise $5,836,749.75. The net proceeds of the offering will be used to repay bank debt and fund…

Fifteen employees at the Holt-McDermott mine northeast of Kirkland Lake, Ont., have just been laid off. Mine owner American Barrick Resources (TSE) attributes the layoff to a reduction in development …

Gordon Bongard, former senior vice-president of Nesbitt Thompson Deacon Inc. and past governor of The Toronto Stock Exchange, appointed director. N5…

Week’s Price (US) Change Gold* $346.20 + $3.10 Silver* $ 3.84 + $0.09 Platinum* $363.00 + $0.60 Nickel** $ 3.16 + $0.04 Lead** $ 0.28 – $0.01 Copper $ 1.09 – $0.02 Zinc $ 0.62 – $0.01 Courtesy of Scot…

Flag Resources (ASE) is selling 200,000 shares of affiliate Golden Briar Mines (ME) to the public through the Montreal Exchange at a price of 7 cents per share. Proceeds from the offering will be used…

Future producer Aurizon Mines (TSE) has adopted a Shareholder Rights Protection Plan designed to discourage unfair takeover attempts. The plan, similar to other “poison pills” adopted by Canadian publ…

Before the 1987 market crash, predictions that gold would exceed US$1,000 per oz. were thrown about with ease. Remember the Aden sisters, and the lineups to buy gold at US$800? These days, though, it …

RFC Resource Finance (TSE) says it plans to issue an unsecured 7% convertible debenture to Minnova (TSE) for $6.6 million, maturing in 10 years. Interest at 7% per annum will accrue for the first thre…