Similco closure delayed to November
The Similco copper mine near Princeton, B.C., will remain open until the end of November. It was previously scheduled to close Sept. 10. Owner Princeton Mining (TSE) is working with the Job Protection…
News
Curragh facing uncertain future
Lead-zinc producer Curragh (TSE) may be near bankruptcy. The Toronto-based company, under protection from creditors and with no cash, will find out its fate Sept. 20 when unsecured creditors render th…
NDP leader urges consensus on environmental issues
In preparation for the Oct. 25 federal election, The Northern Miner asked representatives of four of the main political parties to respond to a series of questions pertaining to mining. All representa…
DIAMOND PAGE — Kennecott, BHP set to launch bulk-sampling
The push to prove up an economic diamond deposit has begun in earnest in the Lac de Gras region of the Northwest Territories. Two international majors, Kennecott and BHP Minerals, are moving ahead wit…
New drill results from Bell Allard South
Further surface drilling by Noranda Exploration, a unit of Noranda (TSE), on its Bell Allard South property near Matagami, Que., has encountered additional base metal mineralization. To date, a massiv…
Spot prices at a glance (September 20, 1993)
Week’s Price (US) Change Gold* $345.25 – $7.00 Silver* $ 4.04 – $0.22 Platinum* $353.00 – $3.50 Nickel** $ 2.00 – $0.03 Lead** $ 0.17 – $0.01 Copper $ 0.87 – $0.03 Zinc $ 0.40 $0.00 Courtesy of Scotia…
Rio, Exxon team up in Wisconsin
Toronto-based major Rio Algom (TSE) and an Exxon Corp. subsidiary have joined forces to advance permitting of a 30-million-ton classic massive sulphide deposit in the north-central U.S. The deposit, n…
Amcorp options bet
With a letter of intent to earn a half interest in the Montana Mountain property near Carcross, Y.T., Amcorp Industries (VSE) expects to begin a minimum 5-hole drilling program shortly. Amcorp can ear…
Investing in Cuba — Special to The Northern Miner
Investment opportunities worldwide are so great that businesses can afford to be selective about where to invest their capital. Cuba, however, is not the most desirable investment target, according to…
Anglo planning new gold mine
The new Moab gold mine in South Africa is expected to produce 293 tons of bullion annually, Anglo American’s gold division chairman said recently in Cape Town. Clem Sunter told an investment conferenc…
TSE Short Positions (September 20, 1993)
Semi-monthly reports as of Aug 31, showed 75,759,200 shares of 729 issues compared with 73,606,340 shares of 740 issues on Aug 15. Larger individual positions included: Aber 123,500; Agnico-Eagle 56,9…
Goldpost, Antares amalgamation
Shareholders have approved an amalgamation between Goldpost Resources (TSE) and Antares Mining & Exploration. The new company is also called Antares Mining & Exploration. Goldpost shareholders will re…