Glimmer financing cancelled
A private placement of 25 units with Georgia Pacific Securities has been cancelled, says Glimmer Resources (VSE). Proceeds of $125,000 from the placement would have helped Glimmer pay for its share of…
Articles by Northern Miner Staff
Vancouver Stock Exchange (February 03, 1992)
The VSE composite index managed a gain of about 20 points during the week ended Jan. 28 while the resource index reversed course, slipping 13.32 points to close at 512.36. Gold finished the period unc…
GOLD FUNDS (February 03, 1992)
BGR CENTRAL Net Value $8.54 $5.16 Price $7.63 $4.600 Discount 10.74% 10.9 Value $50,859,000 $77,391,780…
Arimetco, Royal Oak top TSE list in 1991
Toronto-based copper producer Arimetco International emerged as the top performer last year among Toronto Stock Exchange-listed mining stocks, according to a survey by First Marathon Securities. Spark…
U.S. REPORT (February 03, 1992)
With plans to raise in the order of $1 million through a secondary public offering, Manhattan Minerals (VSE) will have the funds to explore two recently acquired properties. The company can earn an 80…
Andaurex placement to boost cash reserve
Toronto junior Andaurex Resources (VSE) has agreed, subject to regulatory approval, to sell by way of a private placement 1.1 million units priced at 20 cents each. The units consist of one common sha…
Goldteck cleared at Matachewan
The Ontario government has agreed to release Goldteck Mines (TSE) from an order relating to the Matachewan mine tailings spill in northeastern Ontario. In return, Goldteck has voluntarily contributed …
Princeton, government discuss Cassiar’s fate
The British Columbia government is continuing discussions with management of Princeton Mining (TSE) to determine the fate of Cassiar, B.C., a small community near the Yukon border where Princeton subs…
Mining industry must take global approach
The domestic mining industry must shelve its romantic notions about mining and continue to shed its parochial attachment to mine-finding in Canada to sustain itself as a global player into the next ce…
Arimetco may manage restructured Breakwater
Management of Breakwater Resources (TSE) is expected to pass into the hands of Arimetco International (TSE) following a cash injection of about $5 million into Breakwater’s treasury by the Shipes fami…
EDITORIAL PAGE (February 03, 1992)
Environmental crusaders who are fighting against industrial development of any kind are simply battling the wrong enemy. A recent article in a newsletter from the Association of Professional Engineers…
DMBW joins Dames
When one of Canada’s best known mining consulting groups was wound down in 1991, two surviving companies carried on the business. One of the partners, Ian Thompson, moved out to Vancouver and establis…