Judge denies OSC penny stocks policy
A judge has struck down an Ontario Securities Commission (OSC) policy designed to control abuses in the sale of speculative penny stocks. In a 42-page decision, Justice Robert Blair of the general div…
Articles by Northern Miner Staff
Chinese gold miners asked to boost output
China has told gold producers to increase output and meet state quotas to ensure an annual growth rate of 10%, Agence France Presse reports from Beijing. The nation’s gold reserves have been affected …
Falconbridge Gold drills at Kopje
Deep drilling at the Golden Kopje gold mine property in Zimbabwe has outlined potential new reserves, Falconbridge Gold (TSE) reports. The current phase includes five holes on surface and two undergro…
LETTERS TO THE EDITOR — Prices of diamond stocks just don’t
Since you provided space for readers who were incensed by Paul Sarnoff’s article (“Canadian Diamond Stocks Can Be Dangerous to Your Wealth” in the July 7/93 Gold Stock Advisory), I hope you will also …
Tillicum permits received
Permits are in hand for a bulk sample of the Heino-Money zone at the Tillicum Mountain property near Nakusp, B.C. Bethlehem Resources (TSE) and Goldnev Resources (VSE) signed an agreement earlier this…
PEOPLE — KENNECOTT
Clynton Nauman appointed general manager, Spring Creek Coal Co. N5…
LAST BUT NOT LEAST — Dianor plans unit placement
A placement worth $375,000 is expected from Ressources Kimex (ME), which plans to spend most of the proceeds on work at the Granada property in Rouyn and Beauchastel Twps. in northwestern Quebec. Kime…
Richmont defining reserves
Underground drilling and development are under way at the Francoeur gold mine near Rouyn-Noranda, Que., Richmont Mines (TSE) reports. The work is aimed at defining the extension of existing zones and …
THE DIAMOND PAGE — Lack of disclosure dampens diamond fever
Analysts are blaming the “minimalist” disclosure policy of major companies as one reason why speculative interest in Canadian diamond exploration continues to lose momentum. But others point out that …
Spot prices at a glance (August 16, 1993)
Week’s Price (US) Change Gold* $381.35 – $19.30 Silver* $394.79 – $0.50 Platinum* $393.25 – $24.50 Nickel** $392.19 – $0.03 Lead** $390.18 $0.00 Copper $390.88 $0.00 Zinc $390.39 – $0.03 Courtesy of S…
U.S. REPORT — Asarco drops Southern Cross
Having drilled only half of an 11,000-ft. program, Asarco (NYSE) has dropped its option on the Southern Cross property in Montana. It had the right to earn a 60% interest from owner International Maho…
Glimmer arranges private placement
The president of Glimmer Resources (VSE), George Kent, and the company have negotiated a $200,000 placement of 172,500 flow-through shares and 77,500 common shares at 80 cents per share. The share pri…