Home Ventures in private placement
Vancouver-based junior Home Ventures (VSE) has agreed to a private placement of one million units at 25 cents per unit to raise $250,000. Each unit consists of one Home Venture common share and one no…
Articles by Northern Miner Staff
Inflation traps residents of Russia’s northern climes
Dreams of saving money in Russia’s barren Arctic to buy a home and retire to the temperate south have perished in the grim reality of inflation. Officials say more than 800,000 of the Russian Arctic’s…
LATIN AMERICA ROUNDUP — Drilling planned at Alamos project
Surface drilling of the Alamos property in Sonora, Mexico is planned by Tenajon Resources (VSE). The property hosts several targets that, collectively, could develop into a heap-leach operation employ…
Judge finds in Seabright’s favor
A Nova Scotian court has strongly rejected the $65-million claim of Westminer Canada Holdings and Westminer Canada against Seabright Resources. Instead, the former Seabright directors were awarded $10…
LETTERS TO THE EDITOR — Politics, Shoal Lake water don’t
I have been hearing a lot about mining developments at Shoal Lake in northwestern Ontario. So far, there has been a lot of heat but no light from Manitoba. Comments in the local press attributed to Co…
LETTERS TO THE EDITOR — Pronto details are clarified
Your tribute to Paul Young (T.N.M., Mar. 8/93), longtime mining engineer and mine manager with Rio Algom, contained some minor inaccuracies deserving of clarification. The Pronto mine (1955-1960), fir…
STOCK MARKETS — Gold issues help fuel a record trading
Diamonds may have been the most talked about investment at the recent convention of the Prospectors and Developers Association of Canada in Toronto, but while miners were busy promoting “bull’s-eye” t…
STOCK MARKETS — Panamanian plans give Adrian share price a
The spot price of gold finally broke out of its narrow trading range around the US$330-per-oz. level, gaining more than US$6 per oz. to finish the week ended March 30 at about US$337. The Vancouver St…
Spot prices at a glance (April 05, 1993)
Week’s Price (US) Change Gold* $336.90 + $5.60 Silver* $ 3.89 + $0.24 Platinum* $361.75 + $4.85 Nickel** $ 2.77 + $0.04 Lead** $ 0.19 + $0.01 Copper $ 0.97 $0.02 Zinc $ 0.45 $0.00 Courtesy of Scotiaba…
FINANCING (April 05, 1993)
Cons. Newgate Res. — 800,000 units @ 86 cents per unit where each unit consists of 1 sh and 2 wts; with a minimum offering of 400,000; two series A wts to purchase 1 sh.
TORONTO STOCK EXCHANGE INDICES (April 05, 1993)
Mar.30 Mar.29 Mar.26 Mar.25 Mar.24 High Low Composite”300″3586.11 3585.25 3599.74 3612.04 3603.70 4009.47 3009.91 Metals&Minerals 2916.94 2911.06 2921.27 2939.99 2950.00 3453.06 2502.63 Integrated Min…
PRODUCER PRICES (April 05, 1993)
ALUMINUM: MW U.S. market US53.75-54.50 cents per lb. (Mar. 26, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 11, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…