CORRECTION (May 11, 1992)
TVX Gold (TSE) director Glenn Ives recently bought 1,000 shares of the company for $3.40 to hold 1,000 directly. Incorrect information was reported in the May 4 issue of The Northern Miner.
Articles by Northern Miner Staff
Public funding available in Rabbit Lake assessment
The federal government has awarded a total of $125,000 to participants in the federal environmental assessment of a proposed expansion at the Rabbit Lake uranium mine. The northern Saskatchewan mine i…
Hurdman stepouts follow zone
Stepout holes on the Hurdman Twp. joint venture property north of Timmins, Ont., have confirmed that the zinc-rich zone intersected in the first drill program (T.N.M., Jan. 20/92) of Noront Resources …
Arimetco placement raises $25 million
Copper oxide specialist Arimetco International (TSE) has raised $24.9 million via a private placement of 5.2 million special warrants at $4.75 each. Acting as underwriters were Midland Walwyn Capital …
Ottawa gold selling continues
All that government gold — 12.3 million oz. at the end of March — no longer glitters as it once did. However, despite depressed prices, there’s still a silver lining in those gold bricks gathering d…
U.S.REPORT (May 11, 1992)
The sale of subsidiary Tenneco Minerals to Solvay America for US$500 million in cash was announced recently by Tenneco Inc. of Houston. Tenneco Minerals mines and processes trona ore to produce soda a…
LETTERS TO THE EDITOR (May 11, 1992)
In its 1990 annual report, Glimmer Resources stated it has reserves in Hislop Twp. in northeastern Ontario of 1.07 million tons (968,190 tonnes) grading 0.34 oz. gold per ton. When one compares this d…
TORONTO STOCK EXCHANGE INDICES (May 11, 1992)
May 5 May 4 May 1 Apr 30 Apr 29 High Low Composite “300”3364.53 3363.54 3357.06 3355.56 3338.37 4009.47 3009.91 Metals&Minerals 2971.46 2994.56 3002.35 3015.72 3011.14 3453.06 2502.63 Integrated Mines…
Ontario compiles property directory
Ontario’s Ministry of Northern Development and Mines says it will be publishing property directories for each resident geologist’s district to help prospectors market their claims. The service is bein…
Seabee’s mill built with money meant for shopping malls
Claude Resources (TSE) has become involved in a controversy surrounding investment funds set up for would-be Canadian immigrants after running into financing and operational difficulties at its Seabee…
NEWS ROUNDUP (May 11, 1992)
Recent drilling on the Higgins property in New Hampshire has outlined a low-grade sulphide deposit at least 700 ft. in length and 600 ft. in true width, says Morgain Minerals (VSE). Holes 92-5 to 92-1…
M.I.M. bidding to reduce costs
Integrated Australian metal producer M.I.M. Holdings is slashing costs and introducing new technology in a bid to cope with the slump in metal prices, says Chief Executive Officer Norman Fussell. In a…