De Beers strikes deal with Soviets
The new Swiss subsidiary of De Beers Consolidated Mines has swung a deal with the Soviet Union which gives De Beers a 5-year contract to sell the latter’s rough diamond production. Soviet production f…
Articles by Northern Miner Staff
Alberta Stock Exchange Adrian benefits from rumored results
Over the past six months, shares of Ontex Resources have quietly moved up above the $1.60 level from below $1 in March. During the week ended July 31, Ontex gained 15 cents to close at $1.65. The gain…
Hard-pressed juniors try new business ventures
The demise of flow-through financing has been particularly damning for junior resource companies that trade on the over-the- counter exchange in Ontario. In the past six months, several juniors have t…
Eden Roc funding
Toronto-based Eden Roc Mineral (ASE) has raised a total of $300,000 by way of a private placement to a European institutional investor. The placement involved 600,000 shares at a price of 50 cents per…
U.S. lifts ban on Soviet nickel exports
The U.S. will begin to import nickel from the Soviet Union, following an agreement between the two countries to end a 7-year-old ban. The agreement, effective June 28, allows the Soviet Union to expor…
FUTURES PRICES (August 06, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 126.30 124.90 125.30 + 5.30 Sept 125.50 123.60 124.60 + 4.40 Oct 123.00 123.00 122.60 SILVER (in US cents per…
Gauthier moves to end Aur-Louvem dispute
To the surprise of almost no one in mining investment circles, St. Genevieve Resources (TSE) has tabled a proposal designed to end the legal deadlock over the base metal discovery of Aur Resources (TS…
FINANCING (August 06, 1990)
VANCOUVER Lodestar Expl — 800,000 offered @ 50 cents per sh. Adonos Res — 550,000 offered @ 50 cents per sh. Toltec Res — 700,000 sold for gross $280,000. Annabel Gold — 1,100,000 offered @ 75 cen…
Metal Prices FREE MARKET (August 06, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 31 July 30 July 27 July 26 July 25 Copper 1538-1540 1543-1545 1565-1570 1546-15…
IOCC GOLD OPTIONS (August 06, 1990)
Options Open Series Volume Last Interest Aug. 370 C 503 6.80 556 Aug. 390 C 223 1.50 1,117 Nov. 370 C 195 18.00 763 Nov. 380 C 221 12.90 833 Nov. 390 C 368 7.50 659 Nov. 400 C 115 6.00 984 Nov. 420 C …
Brochure draws attention
The front of a brochure that the Prospectors and Developers Association of Canada (PDAC) recently had printed was designed to alert politicians to the danger currently faced by Canada’s mining industr…
U.S. REPORT Bunker Hill earnings improve
Fortunes changed during the first half of 1990 for Bunker Hill Mining (TSE) as earnings rebounded to US$1.36 million versus a loss of US$958,000 in the first six months of 1989. Jack Kendrick, preside…