Spirit Lake plans bulk sample
Once a $500,000 development and financing agreement has been signed, Spirit Lake Explorations (ME) plans to proceed with an underground bulk sample on its Edwards gold property 30 miles northeast of W…
Articles by Northern Miner Staff
Century-old club strives for survival
With membership rapidly declining in recent years, The Engineers’ Club of Toronto faces the difficult choice between closing its door or merging with another club. Alternatively, members must raise mo…
GOLD FUNDS (September 21, 1992)
BGR Central Net Value $8.30 $5.01 Price $6.88 $4.70 Discount 17.15% 6.2% Value $49,067,000 $79,074,210…
NEWS IN BRIEF (September 21, 1992)
Atrium Resources Ltd. (VSE) has changed its name to McCulloch’s Canadian Beverages Inc. with no consolidation of capital. The transfer agent is Montreal Trust.
Starmin, Cyprus negotiate deal
An option deal to earn a 65% interest in claims in the Cobalt, Ont., area is being negotiated by Cyprus Canada with Starmin Mining (TSE) and Hellens Eplett Mining Inc., which is jointly owned by Starm…
INSIDER TRADING — Barrick officer doubles his money
John Lill, senior vice-president of American Barrick Resources (TSE), recently cashed in on the senior gold producer’s market success by selling 5,000 shares for $35.25 each after exercising the same …
TSE STOCK EXCHANGE INDICES (September 21, 1992)
Sept.15 Sept.14 Sept.11 Sept.10 Sept.9 High Low Composite”300″3464.09 3470.42 3440.57 3443.93 3449.07 4009.47 3009.91 Metals&Minerals 2957.18 2975.59 2919.37 2933.59 2915.55 3453.06 2502.63 Integrated…
LATIN AMERICA — Mexico has a recognized mining tradition
Mexico has an abundance of mineral resources with some of its country’s mines on a par with the world’s best. Two semi-parallel mountain systems run the length of the country from north to south, the …
European currency turmoil lifts gold mining issues
Gold emerged as a winner during the week ended Sept. 15, jumping US$4 to US$345.70 per oz. in New York as mayhem gripped European currency markets. Shaken by the volatility that followed a half-a-perc…
Dia Met shares top $20 on new kimberlite finds
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…
METAL MARKETS — High nickel inventories pressure producers
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…
Dia Met report cools speculation, raises questions
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…