New TSE rules shut out juniors
The Toronto Stock Exchange may have shut the door on junior mining companies by tightening its listing requirements. Under the revised rules, all new companies must have a public float of $2 million, …
News
Gibraltar extends drilling program on North zone
Continued drilling success on the North zone has prompted Gibraltar Mines (TSE) to initiate an additional drilling program of 29 holes totalling 22,600 ft. Subject to extensive drilling since its disc…
NEWS ROUNDUP — Westray inquiry costs near $1 million
Sixteen parties have been granted status before the commission established to investigate the Westray coal mine disaster in Nova Scotia earlier this year. The public inquiry, to begin its hearings Oct…
NEWS ROUNDUP — Platinum, palladium contracts on Comex
Trading of platinum and palladium contracts was launched recently by the Commodity Exchange (Comex) of New York. Comex, the world’s largest market for the trading of gold and silver futures and option…
EMR grants
Research grants totalling $2 million will be used to support resource-related projects for 1992-93. This funding comes from the federal Department of Energy, Mines and Resources (EMR) and the Natural …
San Andreas plans winter drilling
With the release of additional high-grade lead-zinc-silver values at its Prairie Creek property 300 miles west of Yellowknife, N.W.T., San Andreas Resources (VSE) announced plans to continue drilling …
Coal association cancels meeting
The coal industry is in such turmoil, the Calgary-based Coal Association of Canada has cancelled its Industry Outlook Symposium for October. A key speaker dropped out when his mining company failed an…
LETTERS TO THE EDITOR — Defending `penny dreadfuls’
M.R. Brown’s recent column “Warding off `penny dreadfuls,'” (T.N.M., Sept. 14/92) contains many unfounded comments which we find disturbing. It is most difficult to understand how The Northern Miner, …
OBITUARY: Arthur White financed juniors
Popular mining promoter, financier and executive Arthur W. White, who coined the risk capital phrase and raised many millions of dollars which he spent judiciously, died after a lengthy illness. He wa…
STOCK MARKETS — Commonwealth issue gains on northern
Diamond exploration continues to generate investor interest on western markets. During the week ended Sept. 29, the Vancouver Stock Exchange resource index managed a 13.23-point gain to 572.30, while …
Spot prices at a glance (October 05, 1992)
Week’s Price (US) Change Gold* $349.00 + $0.10 Silver* $ 3.77 – $0.07 Platinum* $367.50 + $3.25 Nickel** $ 3.03 – $0.06 Lead** $ 0.27 $0.00 Copper $ 1.06 – $0.02 Zinc $ 0.58 – $0.03 Courtesy of Scotia…
Metalore banking on appeal of 1990 Brookbank decision
Almost two years after an Ontario court awarded the Brookbank gold property near Beardmore, Ont., to Ontex Resources (ASE), President George Chilian of Metalore Resources (TSE) says he is sure his sha…