Adonos, Bellex negotiate merger
Juniors Adonos Resources (TSE) and Bellex Mining (VSE) have agreed conditionally to an amalgamation of the companies, subject to shareholder and regulatory approval. The name of the amalgamated compan…
Articles by Northern Miner Staff
EDITORIAL PAGE — Worrying trade war
Just when you thought it was safe to venture outside, another “war” rears its ugly head on the world stage. In this case, it is a trade war encompassing superpowers and Third World nations alike. As t…
Pipe variations require large sample
The importance of taking a representative sample before calculating diamond reserves was stressed recently at “More about Diamonds,” a seminar sponsored by Canaccord Capital, a private offshoot of LOM…
Kennecott drilling Galena Giant
Drilling recently got under way at the Galena Giant property owned by Wealth Resources (VSE) and Arbor Resources (VSE). Kennecott, which can earn a 51% interest in the property by spending US$5 millio…
STOCK MARKETS — Barkhor, Chapleau issues gain on drill-hole
Western markets tracked sideways during the report period with little help from depressed gold markets. Gold lost about US$7 per oz., marking a new 6-year low at the US$330-per-oz. level. The Vancouve…
Spot prices at a glance (November 16, 1992)
Week’s Price (US) Change Gold* $330.20 – $6.70 Silver* $ 3.71 – $0.09 Platinum* $354.60 – $0.65 Nickel** $ 2.53 – $0.13 Lead** $ 0.20 – $0.01 Copper $ 0.96 – $0.06 Zinc $ 0.47 – $0.02 Courtesy of Scot…
GOLD FUNDS (November 16, 1992)
Gold Funds as of Nov. 10 BGR Central Net Value $8.25 $5.14 Price $6.75 $4.80 Discount 18.14% 6.6% Value $47,980,000 $80,756,640…
Metal prices move lower
The metal and mineral sub-index of Scotiabank’s commodity price index dropped substantially in September, which is contrary to the normal seasonal pattern. The decline in base metal prices continued i…
TSE SHORT POSITIONS (November 16, 1992)
Semi-monthly reports as of Oct. 31, showed 38,169,498 shares of 570 issues compared with 32,416,745 shares of 572 issues on Oct. 15. Larger individual positions included: Amer. Barrick 244,200; BP Can…
Kinbauri hopes to begin diamond search
A junior based in the Ottawa area, Kinbauri Gold, hopes that a damage lawsuit with International African Mining Gold (IAMGOLD) of Markham, Ont., can be resolved in the near future so that it can begin…
Westmin drilling expands Battle zone
The Battle zone is being extended by Westmin Resources’ (TSE) ongoing drill program at the Myra Falls mine property near Campbell River, B.C. Two recent holes extended the zone a significant distance …
Major-Gen. options Noranda claims
Under an agreement-in-principle with Noranda (TSE), Major General Resources (VSE) has been granted the option to earn a 50% interest in six properties in northwestern Ontario. The properties, accessib…