LETTERS TO THE EDITOR (February 17, 1992)
Every week I read The Northern Miner hoping to see a change in the stability of the mining industry, and yet it never comes. The articles describing the bickering between the provincial and federal go…
News
Starmin, Adonos update Hinobaan reserve estimate
Shareholders of both Gateford Resources (ASE) and Landmark Corp. (TSE) recently approved an amalgamation of the two companies. The name of the amalgamated company will be Landmark Corp.
New financing for Radisson
A recent private placement at 20 cents per share raised $170,000, Radisson Mining Resources (ME) reports. The proceeds will be used to start an exploration program on the company’s Duquesne property n…
Kingswood cuts 60-ft. gold zone
Further drilling at Kingswood Explorations’ (ASE) 24-claim Devon property near Matheson, Ont., has intersected a wide, gold-bearing zone called the “Thunder zone.” Hole 92-16 intersected 57.7 ft. grad…
GOLD FUNDS (February 17, 1992)
BGR Central Net Value $8.31 $5.22 Price $7.75 $4.650 Discount 6.75% 10.9% Value $49,490,000 $78,232,995…
Correction (February 17, 1992)
“U.N. Earth Summit” (T.N.M., Jan. 20/92) incorrectly identified Kenneth McCready of TransAlta Utilities as spokesman for Canada’s mining industry at the June, 1992, United Nations Conference on Enviro…
Queenston takes control of Thermal
Queenston Mining (TSE) has signed a letter of intent to purchase 30.5%, or 3.5 million shares, of Thermal Exploration (ASE) at 35 cents per share. Thermal has a 50% interest in the Williams Creek copp…
Telfer to address CIM luncheon
Guest speaker at the Feb. 20 luncheon of the Canadian Institute of Mining, Metallurgy and Petroleum, Toronto branch, will be Ian Telfer, Executive Vice-President of gold producer TVX Gold. Telfer’s to…
Skyline suffers further loss with Johnny Mountain closed
A net loss of $4.6 million was reported by Skyline Gold (TSE) for 1991, compared with a loss of $46.1 million in 1990 which includes writedowns of $31.4 million for mining properties and $9.3 million …
Low metal prices help push commodity index into decline
A decline in metal and mineral prices, as well as forest product and oil and gas prices, offset a large increase in agricultural prices and pushed the commodity price index of Scotiabank down slightly…
Year-old service offers independent stock analyses
Investors looking for a thorough analysis of stocks are usually left with two choices — their own research or the analysis of a brokerage firm. The time involved in stock analysis, however, has usual…
McKinney option
Consolidated McKinney Resources (VSE) has concluded an option agreement with Citadel Consulting to acquire a 75% interest (subject to a 2% net smelter return) in the Storm Group claims in the Osoyoos …