Spot prices at a glance (March 08, 1993)
Week’s Price (US) Change Gold* $329.55 – $0.80 Silver* $ 3.58 – $0.02 Platinum* $342.50 – $4.25 Nickel** $ 2.68 – $0.14 Lead** $ 0.19 $0.00 Copper $ 0.97 – $0.03 Zinc $ 0.46 – $0.02 Courtesy of Scotia…
News
Echo Bay works to reduce Lupin costs
The struggle to stay profitable has intensified at the Lupin gold mine of Echo Bay Mines (TSE) as the gulf between production costs and market price narrows. Production costs at the mine, 250 miles no…
Rusty Lake options Minnova property
Rusty Lake Resources (CDN) has an option to earn half of Minnova’s (TSE) interest in the Big Duck Lake gold property, near Schreiber, Ont. The 145-claim property covers several gold zones that are ass…
Curragh offering worth $50 million
To improve liquidity, Curragh (TSE) is offering $50 million of convertible preferred shares to institutional investors. The new shares, which will be offered at $1.20 each, will be convertible into su…
Record Pegasus production
Record gold production combined with lower cash costs helped Pegasus Gold (TSE) report a record cash flow for the year ended Dec. 31, 1992. The company produced 382,100 oz. gold during the year from i…
Mobrun fire
A fire that broke out last month in the headframe of the Mobrun mine shaft near Rouyn-Noranda, Que., will cause a delay of about two months in the exploration and development program on the 1100 lens,…
STOCK MARKETS — Diamond, gold players keep western markets
A number of issues posted gains on western markets during the week ended noon, March 3. Trading interest was once again triggered by diamond and gold exploration in the Northwest Territories, as well …
OPINION — Canada should consider issuing silver coinage
Canada should follow Mexico’s lead and issue a general circulation silver coin. Up until the early 1960s, the Royal Canadian Mint struck its dimes, quarters and dollars in silver, but stopped when the…
LETTERS TO THE EDITOR — GST article was too biased
I believe that The Northern Miner tries to present both sides of any issue, but the Opinion article “Living with the GST” (T.N.M., Jan. 25/93) is too biased. The writer scandalizes the integrity of Ca…
Correction (March 08, 1993)
Contrary to what appeared in an earlier story (T.N.M., Mar. 1/93), Kalrock Resources (ASE) and a private company controlled by Laurasia Resources (TSE) plan to amalgamate, subject to shareholder and r…
NEWS IN BRIEF (March 08, 1993)
Carolina Gold Resources Ltd. (CJE:VSE) has changed its name to Rutherford Ventures Corp. (RVC:VSE) with a consolidation of capital on a 1-new-for-2-old-share basis. The transfer agent is Pacific Corpo…
Royal Oak drilling Mirage
A drill program by Royal Oak Mines (TSE) will test a shear-zone target on recently acquired ground covering the southern half of the Yellowknife greenstone belt. The northern portion of the belt hosts…