Woolgar joint venture expands territory
New prospecting permits have expanded the area of interest of the Woolgar joint venture in the Northwest Territories to 300,000 acres, Rhonda Mining (ASE) reports. Rhonda’s partner in the copper ventu…
News
Skyline restructures its bank debt
Former gold producer Skyline Gold (TSE) released details of an agreement to settle $2.6 million of debt to the Royal Bank of Canada. The company will make an immediate payment of $739,500 to the bank,…
Placer verges on 2 million oz.
Low-cost mines in Papua New Guinea and operating improvements at several North American mines enabled Placer Dome (TSE) to more than offset last year’s 7% drop in the average gold price to US$344 per …
FINANCING (February 22, 1993)
Dryden Res. Corp. — 1,000,000 shs. with a minium subscription of 1,000,000 shs. @ 60 cents per sh. Stow Res. Ltd. — 700,000 shs. @ 80 cents per sh.
TORONTO STOCK EXCHANGE INDICES (February 22, 1993)
Composite”300″3410.50 3442.19 3445.55 3443.17 3442.09 4009.47 3009.91 Metals&Minerals 2889.89 2927.23 2931.90 2947.11 2950.35 3453.06 2502.63 Integrated Mines2961.95 3033.64 3040.35 3058.59 3066.52 36…
PRODUCER PRICES (February 22, 1993)
ALUMINUM: MW U.S. market US55-56 cents per lb. (Feb. 4, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CAD…
Canmine detects gravity anomaly
Canmine Resources (CDN) says a gravity anomaly recently detected on its Fer property in Manitoba suggests polymetallic mineralization intersected there last winter has a minimum strike length of 500 m…
Ocean drilling withdrawal by Canada sparks furor
Canada’s decision to pull out of a major international ocean drilling effort has put the collaborative program in jeopardy and cut the mining industry off from a valuable source of exploration researc…
Wayside drilling continues
Underground drilling at the Wayside mine near Goldbridge, B.C., is continuing in an effort to test the former producer’s future potential. Joint venture partners Wayside Gold Mines (VSE) and Brigadier…
Diamond hunt gains momentum in Quebec
Diamond fever has spread to the Montreal area and the Abitibi (northwestern) region of Quebec. In the Montreal region, mining entrepreneur Peter Ferderber of Val d’Or, Que., has staked more 200,000 ac…
COMMENTARY — Copper in the 1990s
Copper is an investment idea for the 1990s. For the past 70 years, world copper consumption has mirrored industrial production. Industrial production is now increasing dramatically because various reg…
LETTERS TO THE EDITOR — Northern lands and northerners
I have been a subscriber to The Northern Miner for more than 30 years (and my late brother Nial was a subscriber before that). Personally, I have been engaged in prospecting and mining and am now acti…