Investing in minor metals? Buyer beware
We continue to hear from investors who own small amounts of highly pure indium and germanium, purchased over the past few years at prices up to US$70-80 per oz. Reuters recently reported that indium i…
Articles by Northern Miner Staff
Noranda posts quarterly loss of $10m
The mining and metals division of Noranda (TSE) lost $10 million in the third quarter, compared with earnings of $48 million in 1992. Nevertheless, exploration resulted in some encouragement, includin…
Welcome North restructuring
Following completion of a $2-million private placement and a share consolidation, Welcome North Resources (VSE) will retain M.O.F. Management to manage the company’s investments. Welcome North operate…
EDITORIAL PAGE — Bad timing
In case anyone needed reminding that Canadian mining has entered a new era, in which projects must be justified in terms not merely of economics but of environmental and social concerns as well, they …
LETTERS TO THE EDITOR — MPs and their big pensions
Canadians shouldn’t lose too much sleep worrying about all those Members of Parliament (MPs) who were fired Oct. 25. That’s because 73 of them instantly qualified to start collecting their gold-plated…
Major nickel producers are in cost-cutting mood
The nickel industry has reacted to lower prices by cutting costs. A study by research firm Brook Hunt & Associates of England says producers have chosen not to reduce production by a meaningful amount…
Toronto Stock Exchange Indices (November 15, 1993)
— Week — Nov 9 Nov 8 Nov 5 Nov 4 Nov 3 High Low Composite”300″ 4251.39 4216.45 4202.03 4213.73 4244.74 4264.36 4160.15 Metals&Minerals 3051.28 3058.66 3028.93 3006.77 3055.27 3080.92 2989.81 Integra…
Aussies eye City Res., plan Cinola review
An Australian group interested in acquiring City Resources Canada (TSE) plans to review the feasibility study for the Cinola gold project on British Columbia’s Queen Charlotte Islands. The group of mi…
Copper price plagues Gibraltar
The continual erosion in the price of copper is taking its toll on Gibraltar Mines (TSE). The company reported a loss of $6.2 million in the first nine months of the year and a loss of $3.2 million in…
Metal Prices — FREE MARKET (November 15, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Nov. 9 Nov. 8 Nov. 5 Nov. 4 Nov. 3 Copper 1637-1638 1641-1642 1653-1654 1627-1628 1620-1621 Lead 398-399 395-396 399-400 393-394 392-393…
Westward selling Preview project
Faced with a financing deadline, Westward Explorations (VSE) will sell its 20% interest in the Preview Lake gold project in Saskatchewan. Cameco and Uranerz Exploration and Mining, which hold 50% and …
Arizona Star sticks with Aldebaran
A positive pre-feasibility study of the Aldebaran property in Chile has prompted Arizona Star (VSE) to proceed toward completion of a final study. Arizona Star is earning a 51% interest in the propert…