Results encouraging at Francoeur mine
Reserves are increasing at the Francoeur gold mine near Rouyn-Noranda, Que., as Richmont Mines (TSE) finds more ore-grade mineralization along the Francoeur-Wasa shear zone.The underground program inv…
Articles by Northern Miner Staff
Royal Oak to own Cons. Professor
Royal Oak Mines (TSE), having received more than 90% of the shares of Consolidated Professor Mines (TSE) under its 80 cents per share takeover offer, has announced it will acquire the remaining shares…
Canadian Mining Hall of Fame is accepting nominations
The Canadian Mining Hall of Fame has announced it is accepting nominations for new inductees, who will be formally honored in early 1997.Nominations of persons who have made an outstanding contributio…
CIM honors mining industry’s best
The achievements of Canada’s mining community were recognized at an awards dinner held by the Canadian Institute of Mining, Metallurgy & Petroleum (CIM) at its annual meeting in Edmonton, Alta.* The B…
FACTS & FIGURES — Canadian gold reserves are on the rise
Levels of Canadian reserves of gold were up significantly in December 1994, compared with revised figures for 1993. Given the production decisions announced during 1995 and those expected in 1996, the…
Ashton to process Orion material
A total of 1.3 tonnes of drill core was recovered by Ashton Mining of Canada (TSE) from the Orion kimberlite at the Cross property in the Northwest Territories.The material will undergo separate micro…
STOCK MARKETS — Western markets flex muscles wider
The upward trend for Western markets continues as April proved to be another record-breaking month for the Vancouver Stock Exchange, with 867 million shares changing hands for a value of more than $1….
NEWS IN BRIEF (May 13, 1996)
Consolidated Brenzac Development (CNZ:VSE) has changed its name to Borneo Gold (BNO:VSE).
TORONTO STOCK EXCHANGE INDICES (May 13, 1996)
1996 May 7May 6May 3May 2May 1HighLowComposite”300″5167.075140.145124.525117.195151.135167.073983.34Metals&Minerals5572.605571.325516.325471.975496.455575.893273.56Integrated Min…
Spot prices at a glance (May 13, 1996)
Wednesday, May 8, 1996Week’s Price (US)ChangeGold*$393.65+$2.65Silver*$ 5.48+$0.15Platinum*$406.25+$5.75Nickel**$ 3.81+$0.25Lead**$ 0.39+0.02Copper$ 1.29+$0.08Zinc$ 0.48+$0…
Cathedral picks up Honduran ground
The gold-silver potential of the Lady property in south-central Honduras has attracted the attention of Cathedral Gold (TSE).The company acquired the property, subject to a 3% net smelter return royal…
St. Genevieve in Mozambique
Already exploring for gold in two African countries, St. Genevieve Resources (TSE) has added Mozambique to its land holdings on that continent.The Montreal-based explorer has entered into a joint-vent…