Northfield issues private placement
Toronto-based Northfield Minerals (ASE) hopes to raise $600,000 through a private placement of more than 1.3 million units at 47.5 centsper unit. Each unit consists of one share and one warrant. A war…
News
STOCK MARKETS — Gold price plunge drives market lower
Ouch! Gold bullion dropped like a stone following the Labour Day holiday weekend, losing US$14.40 per oz. on Sept. 7 and triggering a big selloff in the gold equities. The bullion meltdown and subsequ…
STOCK MARKETS — Western markets follow senior board plunge
A 1-day, US$14-per-oz. plunge in the price of bullion led to a spate of fear and loathing in the junior gold market. Gold finished the period ended Sept. 7 down, by more than US$20 per oz., at the US$…
TSE introduces new index
On Oct. 1, the Toronto Stock Exchange will introduce a new benchmark of Canadian market performance — the TSE 100 Index. According to the TSE, the 100 Index is intended mainly to enable institutional…
NEWS ROUNDUP — Bre-X acquires Indonesian ground
In what it calls “the premier unexplored area of the world,” Bre-X Minerals (ASE) has acquired a third exploration property. A deal has been signed with Bre-X’s Indonesian partner to acquire an 80% in…
NEWS ROUNDUP — Geological report on Stewart camp
The British Columbia Geological Survey has released a report on the historic Stewart gold-silver camp in the northwest. The 105-page report describes the geology and mineral occurrences in a 750-sq.-k…
McGill schedules seminar program
Montreal’s McGill University will be offering its 28th annual professional development seminar program on various aspects of mineral engineering and mineral economics beginning in November. The staff …
BOOKS IN REVIEW — Canadian Mines Handbook 1993-94
Canadian Mines Handbook 1993-94, published by the Southam Magazine Group of Southam Inc., 1450 Don Mills Rd., Don Mills, Ont. M3B 2X7. 556 pages. $50.95 (shipping and handling, applicable taxes extra)…
THE EDITORIAL PAGE — Pricing the environment: pursuing
In the debate on the environment, the concept of full-cost pricing has achieved widespread popularity. The essence of the concept is that prices of goods and services should reflect the full cost of a…
LETTERS TO THE EDITOR — More stories like Castle Mountain
It was a delightful surprise to see a laudatory environmental article on the front page of The Northern Miner (“Castle Mountain an environmental and economic success,” Aug 2/93). Let’s see and hear of…
THE EDITORIAL PAGE — Mining and government (1)
From its early roots in the 1800s up until the late 1970s, the Canadian mining industry enjoyed a synergistic relationship with provincial and federal governments. The goals of the industry and govern…
Gold fabrication demand suffers a first-half lapse
World demand for gold fabrication in the first half of 1993 dropped by 5% compared with the same period last year, despite a strong performance in the first quarter. Gold Fields Mineral Services of Lo…