Cheni may test Phoenix zone further
Underground drilling at the Lawyers property in north-central British Columbia has confirmed that the Phoenix zone is both open to depth and along strike to the east. Cheni Gold Mines (TSE), owner of …
News
EDITORIAL PAGE — Happy retirement, Mort
What can you say about a man who has spent 43 years with the same newspaper, who has outlived more than a few of the mining operations he has written about, and who has almost as many stories about th…
Uranium output in Western World declines
If the conclusions of a report by the Uranium Institute of London are anything to go by, Canada’s uranium miners will see a vibrant future unfolding in the years ahead. The report is a store of statis…
Mining booster Mort Brown retiring
For a person whose burning ambition after high school was to forge a career in forestry, M.R. (Mort) Brown has done well for himself — in mining. At 80, The Northern Miner’s soon-to-retire publisher …
More about diamonds (December 28, 1992)
Canadian mining companies are involved in the search for diamonds both at home and abroad: N.W.T. and Alberta After five months of negotiations, DHK Resources — owned equally by Dentonia Resources (V…
STOCK MARKETS — South American gold projects spark
Bullish reports emerging from Canadian projects in South America, specifically from Venezuela and its neighbor Guyana, sparked investor interest on The Toronto Stock Exchange during the week ended Dec…
Gold Funds (December 28, 1992)
Gold Funds as of Dec. 22 BGR Central Net Value $8.12 $5.18 Price $6.25 $4.60 Discount 23.01% 11.2% Value $46,266,000 $77,391,780…
Dundee offer (December 28, 1992)
An offer for each of the outstanding common shares of Dundee Capital it does not already own will be made by Dundee Bancorp (TSE). Dundee Bancorp, which will offer $7.45 per share, currently has an ap…
Spot prices at a glance (December 28, 1992)
Week’s Price (US) Change Gold* $332.50 – $2.40 Silver* $ 3.70 – $0.01 Platinum* $359.50 – $3.25 Nickel** $ 2.64 + $0.04 Lead** $ 0.21 $0.00 Copper $ 1.02 + $0.02 Zinc $ 0.48 $0.00 Courtesy of Scotiaba…
NEWS IN BRIEF (December 28, 1992)
Slocan Development Corp. Ltd. (SLO:VSE) has changed its name to International Slocan Developments Ltd. (ITD:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is…
LATIN AMERICA — Gold rush to Kilometre 88 district
An exploration boom in Venezuela’s Kilometre 88 district is expected to take on steam now that a growing number of companies have acquired concessions in the area. In late December, Mt. Grant Mines (V…
Calgary firm to study coal mining practices
Calgary-based Associated Mining Consultants (AMCL) has been awarded a contract through Canadian Commercial Corp. for a preparatory study of coal mining practices and the reclamation of coal-mined land…