Vior, Goldhurst arrange placement
Vior Inc. (TSE) and Goldhurst Resources (VSE) have agreed to make a private placement involving 750,000 shares of Goldhurst at 30 cents each and a one-year option on an additional 100,000 shares at 3…
Articles by Northern Miner Staff
Investment Comment Base metal producers enjoying life
Like all the best things in life, the recent surge in base metals prices may just be a temporary respite from the dark days of 1982/83. But for the moment at least, a tight nickel supply and a 4.1% in…
Vancouver Stock Exchange Little direction to market trading
It’s a seesaw market in Vancouver at present and things aren’t likely to change until after spring breakup. Gold has been stronger because of tensions in the Middle East and so has the Canadian dollar…
Potash Corp. reduces loss
It was a better year for Potash Corp. of Saskatchewan in 1987 but the Crown corporation still reported a loss of $20.7 million. In what might be considered a turnaround year, the company’s loss repres…
Montreal Exchange Northgate-Audrey deal
In a week of mixed trading highlighted by a flareup of fighting in the Persian Gulf involving Iran and the U.S. and a small rise in the gold price, the Montreal Exchange’s general market portfolio ind…
Shareholders approve fundamental changes to Equity Preservation
Shareholders of Equity Preservation Corp. overwhelmingly approved a management proposal to change the closed- end investment firm into an operating exploration company at a special meeting. Legal chal…
New zone uncovered by Val d’Or, Abcourt
A new gold-bearing zone in the northern part of the Vendome property located 30 miles north of Val d’Or, Que., and three miles west of Barraute, has been discovered by Val d’Or Resources (ME) and Abco…
Strong assays cut by Gemlo, Central
Strong gold assays have been received by Hemlo Gold Mines from the company’s Eagle River property held under option from Central Crude Ltd. Located in the Mishibishu Lake area west of Wawa, Ont., the …
Tremblay honored
An engineer at Quebec’s Centre de Recherches Minerales, Remi Tremblay, was recently honored at the 117th conference of the American Institute of Metallurgical and Petroleum Engineers for his work on c…
Metal Prices FREE MARKET (April 18, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Apr.12 Apr. 11 Apr. 8 Apr. 7 Apr. 6 Copper 1250-1260 1274-1276 1303-1305 1293-1295 1294-1…
Newmont keeps Australian interests
After failing to reach a pricing agreement, Newmont Mining of New York has decided not to sell a 75% interest in Newmont Australia Ltd., the company said recently. The proposed sale of its Australian …
Applegath ups holdings
A. W. Applegath, who heads the Applegath Group of companies including Villeneuve Resources (VSE) and Oneida Resources (VSE), has been increasing his personal holdings in both. In the case of Villeneuv…