El Condor to raise $6 million (May 25, 1992)
The placement of 1.5 million units at $4 per unit is expected to raise about $6 million for El Condor Resources (VSE). The company plans to use the funds for work on its 60% owned South Kemess copper-…
Articles by Northern Miner Staff
Justice Richard heads Westray inquiry (May 25, 1992)
The Nova Scotia government has appointed Justice Peter Richard to head an inquiry into the Westray coal mining disaster of May 9. Richard, 50, has been on the bench since 1978. “It is essential that N…
PRODUCER PRICES (May 25, 1992)
ALUMINUM: MW U.S. market US59.75-60.50 cents per lb. (May. 7, 1992). ANTIMONY: New York dealer US80-83 cents per lb. (Apr. 30, 1992). BISMUTH: New York dealer US$2.45-2.65 per lb. (May 7, 1992). CADMI…
Diamonds offer sparkle to a lacklustre market (May 25, 1992)
Shrinking share values pushed the Vancouver Stock Exchange composite and resource indices lower during the week ended May 19. The composite index finished off 2.88 points at 612.83, while the resource…
Quarterly loss for Cyprus after corporate reorganization (May 25, 1992)
A reorganization of the company’s affairs helped push Cyprus Minerals (NYSE) into the red for the first quarter ended March 31, 1992. The company reported a loss of US$5 million for the period on reve…
Others’ Words (May 25, 1992)
For several years, Canada’s mineral industry (excluding oil and natural gas) has accounted for an average of about 4.7% of Canada’s GDP, over 3% of total national employment and 18-19% of total Canadi…
Wharf acquiring stake in Reward mine (May 25, 1992)
The chairman of Wharf Resources (TSE) says the company had an outstanding year in 1991. “Production is up, costs are down and potential for the property is excellent,” Robert McEwen said. “Negotiation…
Struggling Northgate names new chairman, president (May 25, 1992)
Toronto-based Northgate Exploration (TSE) named a new chairman and president at its annual meeting and appointed an honorary chairman. John Kearney has moved to the chairman’s seat from the presidency…
Pioneer taking another look at Puffy Lake (May 25, 1992)
With a debt settlement and restructuring now behind it, Pioneer Metals (TSE) is reviewing the potential of reopening its 100% owned Puffy Lake gold mine in Manitoba. The company recently hired Kilborn…
Thermal farms out claims in diamond play to Kennecott (May 25, 1992)
Thermal Exploration (ASE) has reached an agreement with a syndicate led by geologists Terry Heard and Mike Duggan to acquire a 70% interest in 97,000 acres near the Lac de Gras, N.W.T., diamond discov…
MINER DETAILS; Hole 109 and the Pezim case (May 25, 1992)
Exploration is risky business. Take Calpine Resources’ famous hole 109 drilled in 1989 at Eskay Creek. International Corona later did more drilling to test this target located separate from and in a l…
Zinc continues upward movement (May 25, 1992)
Except for zinc, first-half May average metal prices continued to be swayed by ongoing uncertainty with worldwide political and economic events. Questions regarding future export levels from the forme…