NEWS ROUNDUP — Lupin investigation concluded
Mining safety inspectors recently concluded their investigation of an accident which caused the death of a miner at Echo Bay Mines’ (TSE) Lupin gold mine in the Northwest Territories. Chris Pederson, …
Articles by Northern Miner Staff
GSC undertakes mapping of Lake Ontario floor
The Geological Survey of Canada (GSC) has undertaken a late-summer mapping of geological conditions in Lake Ontario. The survey is being conducted by a team from the GSC’s Atlantic Geoscience Centre i…
LETTERS TO THE EDITOR — Canada’s gold sales hurt CIS
We watch with dismay as the Canadian government continues to dump its gold reserves on the world market at a time when low metal prices are threatening the economic viability of numerous gold mines an…
MINER DETAILS — Holloway deal avoids courts
It seems that any significant mineral discovery inevitably results in some sort of lawsuit. “If your project is so good, how come you haven’t been sued?” shareholders ask companies that avoid the cour…
LETTERS TO THE EDITOR — Central Crude seeks Moss Lake
The headline of your article “Hemlo will fund Moss Lake work” (T.N.M., Aug. 24/92) leaves the reader with the understanding that Hemlo Gold Mines will provide Central Crude with the monies needed. Thi…
LETTERS TO THE EDITOR — Blatant rumors about diamond hunt
During the past several months, I have enjoyed reading the news and activities on the exciting diamond front in the Northwest Territories. I do question, however, The Northern Miner’s role in fuelling…
OBITUARTY — A.D. Hellens
Alexander Daniel (Danny) Hellens, a consulting mining engineer who cut his teeth in the business in Ontario’s Cobalt silver camp, died recently in Toronto. He was 81. Born in Elk Lake, Ont., in 1911, …
STOCK MARKETS — Eastern markets stirred by diamond news,
All was quiet on the eastern stock markets during the week ended Aug. 25 with investors taking time out to bask in the first spell of sunny, hot weather to descend on central Canada all summer. The To…
Spot prices at a glance (August 31, 1992)
Week’s Price (US) Change Gold* $340.35 + $1.75 Silver* $ 3.65 – $0.15 Platinum* $349.50 + $1.75 Nickel** $ 3.30 + $0.04 Lead** $ 0.30 + $0.01 Copper $ 1.14 – $0.02 Zinc $ 0.63 + $0.01 Courtesy of Scot…
MSV transaction
MSV Resources (ME) says it will sell the more than 1.5 million shares of VSM Exploration (TSE) it owns to Cambior (TSE) at 50 cents per share. MSV also plans to sell to Cambior any shares it purchases…
PRODUCER PRICES (August 31, 1992)
ALUMINUM: MW U.S. market US59.75-60.50 cents per lb. (Aug. 13, 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). CA…
TSE SHORT POSITIONS (August 31, 1992)
Semi-monthly reports as of August 15, showed 27,940,927 shares of 578 issues compared with 29,588,606 shares of 560 issues on July 31. Larger individual positions included: Aber Res. 108,800, up 45,40…