Minnova acquiring interest in RFC
An option to purchase more than 4.6 million shares of RFC Resource Finance (TSE) from Kerr Addison Mines (TSE) at 44.3 cents per share will be exercised by Minnova (TSE). The shareholdings represent a…
Articles by Northern Miner Staff
OTHER’S WORDS (August 24, 1992)
It is our belief that Canadian businesses are spending an insufficient amount of money on research and as a result, Canadian businesses lag behind competitors in other countries. Although high-tech in…
Pollution laws more stringent
Environmental laws are becoming more widespread and stringent and, in many cases, being framed according to perceived (and not necessarily scientifically proved) environmental risks and public health …
EDITORIAL PAGE — Driving directors away
If Ontario has any doubts about where its proposed labor laws will lead, its legislators have only to look across the country at Westar Mining in British Columbia. Both provinces are making it impossi…
LETTERS TO THE EDITOR — Embassy interested in company plans
May I compliment your newspaper on its reporting of Canadian mining activities in Mexico. I often learn about these initiatives through an article in The Northern Miner before I hear from the companie…
LETTERS TO THE EDITOR — Pluton search
Regarding Eva Schandl’s letter “New light on Sudbury-type rocks” (T.N.M., Aug. 3/92), I like the idea of calling upon “. . . the presence of mineralized source rocks at depth.” In the Nelson, B.C., ar…
NEWS ROUNDUP — Work begins on ATT claims
An initial exploration program including prospecting, mapping, geochemical sampling and geophysical surveying was commenced recently at the ATT claims owned by Claimstaker Resources (VSE) and under op…
NEWS ROUNDUP — Metal prices boost Granges
An increase in copper and zinc prices as well a jump in metal production helped Granges (TSE) report a profit of $1.9 million for the second quarter ended June 30, 1992. Revenues jumped to $17.6 milli…
NEWS ROUNDUP — Larche buys Moneta stake
A control block of stock owned by Trans-Dominion Energy Corp. of Calgary has been acquired by John Larche of Timmins, Moneta Porcupine (TSE) announced. Martin Hall and Thomas Vukovich resigned from th…
STOCK MARKETS — Gold issues hard hit by abrupt end to price
Gold stocks added some volatility to an otherwise sluggish Toronto market during the week ended Aug. 18. Gold fell to a new yearly low before bouncing back slightly to US$336.10 per oz. in London. The…
Spot prices at a glance (August 24, 1992)
Week’s Price (US) Change Gold* $338.60 – $7.90 Silver* $ 3.80 – $0.09 Platinum* $347.75 – $21.00 Nickel** $ 3.26 – $0.02 Lead** $ 0.29 – $0.01 Copper $ 1.16 + $0.02 Zinc $ 0.62 $0.00 Courtesy of Scoti…
PRODUCER PRICES (August 24, 1992)
ALUMINUM: MW U.S. market US60-61 cents per lb. (Aug. 6, 1992). ANTIMONY: New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CADMIUM: …