EDITORIAL PAGE — A passing grade
“There’s a bad perception about the Exchange out there, and I believe this will cure some of that.” That is how Vancouver Stock Exchange Chairman Brian Harwood recently explained an investigation — i…
Articles by Northern Miner Staff
Cyprus, Amax spawn mega mining company
The merger of two of the largest mining companies in the U.S. is expected to create one of the largest in the world. Amax (NYSE) and Cyprus Minerals (NYSE) are proposing to merge into a new entity, Cy…
Mining comes to B.C. students
Students in British Columbia are being introduced to mining through a program produced by the province’s Mining Association (MABC) and a division of its teachers federation. The joint project resulted…
NEWS ROUNDUP — Noble Peak secures funding
Toronto-based Noble Peak Resources (ASE) has entered an agreement with four private investors to raise $750,000. The placement comprises about $600,000 in flow-through common shares at $1.05 per share…
DIAMOND UPDATE — Pure Gold faces lawsuit from Loumic
Legal action has been brought against Pure Gold Resources (TSE) by Loumic Resources (VSE), which claims to have interests ranging from 6.5%-16% in four of Pure Gold’s properties in the Northwest Terri…
Spot prices at a glance (May 31, 1993)
Week’s Price (US) Change Gold* $377.25 – $1.50 Silver* $ 4.56 – $0.18 Platinum* $390.10 – $1.90 Nickel** $ 2.57 + $0.03 Lead** $ 0.18 $0.00 Copper $ 0.83 + $0.02 Zinc $ 0.44 $0.00 Courtesy of Scotiaba…
Arimetco boosts MacArthur interest
Tucson, Ariz.-based Arimetco International (TSE) plans to acquire the remaining half of the MacArthur copper property in western Nevada. The property, jointly owned by Arimetco and Brookline Minerals …
Ex-Gold Fields managers run Akiko
Several former senior executives of Gold Fields Mining have taken over the helm of Akiko Gold Resources (VSE). President Stephen Flechner said Akiko intends to pursue projects that will enable it to b…
INSIDER TRADING — Downey sells Northgate stake
Patrick Downey, chief financial officer for Campbell Resources (TSE) and Northgate Exploration (TSE), sold his holdings in the sister companies in late April. According to the Ontario Securities Commi…
Big base metal find in Finnish Lapland
A huge base metals deposit has been confirmed in northern Finland. The 50-100-million ton deposit reportedly contains copper, nickel, platinum and gold mineralization. First discovered in the late 198…
Haile reserve tops 13 million tons
The Haile property near Kershaw, S.C., has proven and probable reserves of 13.2 million tons grading 0.091 oz. gold per ton, a consulting group estimates. Piedmont Mining (NASDAQ), 37.5% owners of the…
Cyprus hedges
A price protection program ensures that Cyprus Minerals (NYSE) will receive a minimum average sales price of about US94 cents per lb. on about 90% of its projected 1993 copper sales. The program also …