LETTERS TO THE EDITOR (May 25, 1992)
It is with regret that I learn that the Ontario government under Bob Rae’s leadership will not support the mining industry, and in fact will ignore the industry completely as you editorialized in “Rae…
Articles by Northern Miner Staff
BCSC seeks to appeal Pezim case (May 25, 1992)
The British Columbia Securities Commission intends to ask the Supreme Court of Canada for leave to appeal a provincial court decision which recently overturned its finding that Murray Pezim and severa…
Canadians well represented at mining trade show in Chile (May 25, 1992)
An incredible 27,000 people filed through the gates at this city’s Parque Cerrilos recently for ExpoMin ’92, one of the largest mining trade shows in the world. Some 85 Canadian companies were among t…
El Condor to raise $6 million (May 25, 1992)
The placement of 1.5 million units at $4 per unit is expected to raise about $6 million for El Condor Resources (VSE). The company plans to use the funds for work on its 60% owned South Kemess copper-…
Justice Richard heads Westray inquiry (May 25, 1992)
The Nova Scotia government has appointed Justice Peter Richard to head an inquiry into the Westray coal mining disaster of May 9. Richard, 50, has been on the bench since 1978. “It is essential that N…
PRODUCER PRICES (May 25, 1992)
ALUMINUM: MW U.S. market US59.75-60.50 cents per lb. (May. 7, 1992). ANTIMONY: New York dealer US80-83 cents per lb. (Apr. 30, 1992). BISMUTH: New York dealer US$2.45-2.65 per lb. (May 7, 1992). CADMI…
Diamonds offer sparkle to a lacklustre market (May 25, 1992)
Shrinking share values pushed the Vancouver Stock Exchange composite and resource indices lower during the week ended May 19. The composite index finished off 2.88 points at 612.83, while the resource…
Quarterly loss for Cyprus after corporate reorganization (May 25, 1992)
A reorganization of the company’s affairs helped push Cyprus Minerals (NYSE) into the red for the first quarter ended March 31, 1992. The company reported a loss of US$5 million for the period on reve…
Others’ Words (May 25, 1992)
For several years, Canada’s mineral industry (excluding oil and natural gas) has accounted for an average of about 4.7% of Canada’s GDP, over 3% of total national employment and 18-19% of total Canadi…
Wharf acquiring stake in Reward mine (May 25, 1992)
The chairman of Wharf Resources (TSE) says the company had an outstanding year in 1991. “Production is up, costs are down and potential for the property is excellent,” Robert McEwen said. “Negotiation…
Struggling Northgate names new chairman, president (May 25, 1992)
Toronto-based Northgate Exploration (TSE) named a new chairman and president at its annual meeting and appointed an honorary chairman. John Kearney has moved to the chairman’s seat from the presidency…
Pioneer taking another look at Puffy Lake (May 25, 1992)
With a debt settlement and restructuring now behind it, Pioneer Metals (TSE) is reviewing the potential of reopening its 100% owned Puffy Lake gold mine in Manitoba. The company recently hired Kilborn…