Menora completes unit offering
A private placement of 1.125 million units at 40 cents per unit has been completed by Menora Resources (ME). Each unit consists of one common share and one warrant; two warrants and 80 cents are requi…
Articles by Northern Miner Staff
Audrey wins a reprieve on US$12.1 million of debt
Still seeking a way to finance development of new reserves at its Mobrun polymetallic mine near Rouyn-Noranda, Que., Audrey Resources (TSE) has won another reprieve on debts owed to Elders Finance Inc…
First Standard dewaters gold mine
Vancouver-based First Standard Mining (VSE) says it has started dewatering the Val St. Gilles gold mine north of Rouyn-Noranda, Que., and has received all the environmental permits and approvals neces…
INSIDER TRADING — Alston exercises Rhonda options
Jan Alston, secretary-treasurer of Saskatchewan diamond explorer Rhonda Mining (ASE), stands to make a substantial profit after exercising options at a considerable discount to the recent market price…
Westray hearing gets under way
An inquiry into the deadly explosion at the Westray coal mine opened June 29 with accusations from a union lawyer that the company and provincial government routinely ignored safety to boost productio…
B.C. mine rescue competitions attract 17 teams
Seventeen teams battled it out at the provincial mine rescue and first-aid competitions recently held at the Fernie ski hill in southeastern British Columbia. Westar Mining’s Greenhills operation edge…
METAL PRICES — FREE MARKET (July 06, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 29 June 26 June 25 June 24 Copper 1281-1282 1252-1253 1259-1260 1234-1236 Lead …
PRODUCER PRICES (July 06, 1992)
ALUMINUM: MW U.S. market US58.25-59.00 cents per lb. (June 18, 1992). ANTIMONY: New York dealer US78-88 cents per lb. (June 11, 1992). BISMUTH: New York dealer US$2.35-2.70 per lb. (June 11, 1992). CA…
TORONTO STOCK EXCHANGE INDICES (July 06, 1992)
June 29 June 26 June 25 June 24 High Low Composite”300″3375.82 3351.33 3338.55 3339.64 4009.47 3009.91 Metals&Minerals 3126.91 3076.31 3084.89 3101.83 3453.06 2502.63 Integrated Mines3339.93 3277.34 3…
LETTERS TO THE EDITOR — Saskatchewan’s enviable record
The article “Enviable Ontario safety record” (T.N.M., June 22/92) raises some important points regarding joint responsibility between labor and management to upgrade mining health and safety. Without …
EDITORIAL PAGE — Disclosure on diamonds
In the past three months, the market value of Dia Met Minerals has increased to $17 from $7; that of Aber Resources has gone from 25 cents to $2.25 and SouthernEra Resources has soared to over $2 from…
Better grade, but diamond players’ steep climb slips
Analysts responded favorably to recent news about the quality of diamonds discovered by partners BHP-Utah Mines and Dia Met Minerals (VSE), saying they gleaned valuable information from the release by…