Curragh schedules production shutdowns
Zinc producers need to follow the lead of Curragh (TSE) and cut production if they want to prevent further erosion of the zinc price, says Julian Baldry, an analyst with Nesbitt Thomson. Curragh says …
Articles by Northern Miner Staff
Green light for El Condor financing
A previously announced $7.2-million financing by El Condor Resources (VSE) recently received regulatory approval, qualifying the distribution of 1.8 million units. The company arranged the placement e…
STOCK MARKETS — Diamond stocks hit new highs amid broad
While most issues on The Toronto Stock Exchange continued to slump during the week ended Nov. 17, shares of many of the diamond explorers headed to new highs on heavy trading. Although the search for …
GOLD FUNDS (November 23, 1992)
Gold Funds as of Nov. 17 BGR Central Net Value $7.85 $5.06 Price $6.63 $4.80 Discount 15.61% 5.1% Value $45,419,000 $85,147,784…
METAL PRICES — FREE MARKET (November 23, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov. 17 Nov. 16 Nov. 13 Nov. 12 Nov. 11 Copper 1405-1406 1402-1403 1384-1385 1410-14…
Inuit approve land settlement
A $580-million land claim settlement with the federal government covering the eastern portion of the Northwest Territories was recently approved in a referendum by Inuit voters. About 80% of those eli…
TORONTO STOCK EXCHANGE INDICES (November 23, 1992)
Nov. 17 Nov. 16 Nov. 13 Nov. 12 Nov. 11 High Low Composite”300″3218.52 3236.39 3269.33 3283.78 3286.39 4009.47 3009.91 Metals&Minerals 2529.21 2553.42 2589.46 2624.54 2661.24 3453.06 2502.63 Integrate…
Echo Bay fails TSE 35 test
Shares of Echo Bay Mines (TSE) may be dropped from The Toronto Stock Exchange’s 35 index if the company fails to meet certain criteria by year-end, the exchange reports. The index consists of the 35 m…
U.S. ROUNDUP — CanTung takes plant writedown
The 56% owned subsidiary of Amax (NYSE), Canada Tungsten Mining (TSE), has announced a writedown of its ammonium paratungstate plant at Fort Madison, Iowa. The long-term leasehold value of the plant h…
INSIDER TRADING — Barrick executive exercises options
Another executive at American Barrick Resources (TSE) has profited on the gold producer’s financial performance. Senior Vice-President Kenneth Thomas more than doubled his money in October when he exe…
U.S. ROUNDUP — Minnova options Blue Dog
A work program operated by Minnova (TSE) is now under way on Gold Canyon Resources’ (VSE) Blue Dog gold project in Washington Cty., Idaho. Minnova recently signed a formal agreement and can earn up to…
NEWS ROUNDUP — Beauchamps plans drilling program
Surface work, including linecutting and trenching has been completed at the Veneuil Twp. gold property in northwestern Quebec, Beauchamps Exploration (VSE) reports. The company says a new zone 1.5 mil…