EAG raises $33m to explore Africa
The newest member of the stable of juniors affiliated with St. Genevieve Resources (SGV-T) has raised $33 million to explore greenstone belts in Africa.Emerging Africa Gold (EAGI-C) acquired several g…
Articles by Northern Miner Staff
Cyprus Amax drills in Indonesia
A drill program by a unit of Cyprus Amax Minerals (CYM-N) is under way at Kalimantan Gold’s (KALG-C) Mansur prospect in Kalimantan, Indonesia.Cyprus has completed five of the seven holes planned for t…
Toronto Stock Exchange Indices (July 15, 1996)
1996July 9July 8July 5July 4July 3HighLowComposit…
METAL PRICES — FREE MARKET (July 15, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateJuly 9July 8July 5July 4July 3…
Geomaque boosts production at San Francisco mine
The San Francisco gold mine in Mexico’s Sonora state has seen increased gold production and further positive exploration results in recent months.Owner Geomaque Explorations (GEO-T) poured its first g…
Goldfields reserves to be re-audited
Convinced that its Goldfields project deserves another turn at the plate, Greater Lenora Resources (GEN-T) has retained Behre Dolbear to re-assess drill data for the Box and Athona gold deposits on th…
Platinova makes zinc discovery in Greenland
Drilling by Platinova A/S (PAS-T) on its Peary Land project in northeastern Greenland has resulted in the discovery of a new zone of zinc mineralization.The structure lies between a group of surface s…
Eldorado, Gencor pursue interest in Dominican mine
After closing an equity-for-asset transaction with Gencor, one of South Africa’s premier mining houses, Eldorado Gold (ELD-T) has entered into a 50-50 joint venture with the mining giant to pursue an …
Cominco tops at B.C. competition
British Columbia’s provincial mine rescue and first-aid competition was held recently in Prince George.Among the winners were Fording Coal’s Greenhills operation (in the surface category), Cominco’s S…
MOST ACTIVE ISSUES, July 3-9
ExchgVol(000s)CloseEssex ResV67791.80Castle RockV…
PRODUCER PRICES (July 15, 1996)
ALUMINIUM: LME settlement US$1,471 per tonne (July 3, 1996).ANTIMONY: Composite free market, US$2,875 per tonne (July 2, 1996).BISMUTH: Composite free market US$3.50 per lb. (July 1, 1996).CADMIUM: Co…
Three-way merger gets thumbs-down
A proposed merger between Great Lakes Minerals (GKM-T), Santa Cruz Gold (SCG-T) and Manhattan Minerals (MAN-T) has been sidelined by the results of due diligence investigations.The companies agreed no…