GOLD FUNDS (February 17, 1992)
BGR Central Net Value $8.31 $5.22 Price $7.75 $4.650 Discount 6.75% 10.9% Value $49,490,000 $78,232,995…
Articles by Northern Miner Staff
Kingswood cuts 60-ft. gold zone
Further drilling at Kingswood Explorations’ (ASE) 24-claim Devon property near Matheson, Ont., has intersected a wide, gold-bearing zone called the “Thunder zone.” Hole 92-16 intersected 57.7 ft. grad…
New financing for Radisson
A recent private placement at 20 cents per share raised $170,000, Radisson Mining Resources (ME) reports. The proceeds will be used to start an exploration program on the company’s Duquesne property n…
Starmin, Adonos update Hinobaan reserve estimate
Shareholders of both Gateford Resources (ASE) and Landmark Corp. (TSE) recently approved an amalgamation of the two companies. The name of the amalgamated company will be Landmark Corp.
LETTERS TO THE EDITOR (February 17, 1992)
Every week I read The Northern Miner hoping to see a change in the stability of the mining industry, and yet it never comes. The articles describing the bickering between the provincial and federal go…
Miller’s Musings (February 17, 1992)
Times are tough in Canada. Not only is the economy stalled in a recession, but even when the recovery comes, we will have to find our way in a global village where the street signs keep changing. To c…
Minnova moves three drills on to Benoit property
A third drill rig has been added to the Benoit gold project in the Quevillon area northeast of Rouyn, Que., where Freewest Resources (TSE) made a significant gold discovery last winter. Two of the rig…
NEWS ROUNDUP (February 17, 1992)
P.T. Inco, Inco’s (TSE) Indonesian division, produced a record amount of nickel in matte during 1991 75.9 million lb. compared with 59.6 million lb. in 1990. But despite the production increase, P.T. …
Metal output value falls 17%
The total value of mineral production in Canada in 1991 decreased by 14.6%, or about $6 billion, from the 1990 level, Energy, Mines and Resources Canada (EMR) reports. EMR said this decline was mainly…
Uncertain fate awaits Paymaster
The Paymaster gold project at Timmins, Ont., faces an uncertain future now that Placer Dome (TSE) has decided to take a $31-million writedown on the value of its interest in the property. Although Pla…
Business as usual for Princeton
Management of Princeton Mining (TSE) recently stated that the appointment of a receiver for its wholly owned subsidiary, Cassiar Mining, will not affect its other business activities. The British Colu…
INSIDER TRADING (February 17, 1992)
William Dickie, a director of Toronto-based Goldhunter Explorations (ASE), was active in the stock market recently. According to the Ontario Securities Commission OSC Bulletin, Dickie bought 130,000 s…