Ashton Mining pulls out of James Bay camp
After exploring the James Bay diamond region of northern Ontario for more than three years, Ashton Mining of Canada (TSE) has decided to sell its stake in the area to KWG Resources (TSE) for $1 millio…
Articles by Northern Miner Staff
CIM luncheon to review new Red Dog find
The Vancouver branch of the Canadian Institute of Mining, Metallurgy & Petroleum will present a talk by George Cole, Cominco’s vice-president of exploration, on the discovery of a new zinc deposit at …
SouthernEra to raise $14.5m
Toronto-based SouthernEra Resources (TSE) has arranged a private placement of $14.5 million to finance evaluation of the SUF-1 diamond project in South Africa.Under the placement, which is subject to …
TSE INDICES (April 22, 1996)
1996Apr 16 Apr 15Apr 12Apr 11Apr 10HighLowComposite”300″5085.365059.035021.915027.695023.575087.453983.34Metals&Minerals5548.645497.665470.775423.955401.685548.643273.56Integrated M…
FINANCING (April 22, 1996)
Eastmain Resources — 4,050,000 Common Shs and 2,025,000 Common Sh Purchase Wts issuable upon the exercise of Special Wts previously issued.
Farallon to issue special warrants
Farallon Resources (VSE) has entered into a letter of agreement with underwriters to issue between 2.5 million and 3.2 million special warrants, at a price of $6.25 each, for proceeds of up to $20 mil…
PRODUCER PRICES (April 22, 1996)
ALUMINUM: MW U.S. market US76.5-77.5 cents per lb. (April 5, 1996).ANTIMONY: MW New York dealer US$1.80-$1.95 per lb. (April 5, 1996).BISMUTH: MW New York dealer US$3.90-4.05 per lb. (Feb. 29, 1996).C…
METAL PRICES — FREE MARKET (April 22, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateApril 16 April 15April 12April 11April 10Copper2565-2567 2591-25932587-25902553.5-2555.52495-2497Lead804-805 820-822815-818 833…
TSE SHORTS (April 22, 1996)
Short positions outstanding at March 29, 1996Larger individual positions included: Barrick Gold 8,685,603; Anvil Range Mining 353,800; Bema Gold 3,330,740; Cambior 103,900; Campbell 1,184,670; Cominco…
Westmin to sell treasury units
Taking advantage of a recent surge in its share price, Westmin Resources (TSE) is selling 10.3 million units from its treasury to a group of underwriters for gross proceeds of roughly $100 million.Eac…
Deal between Atlas and MSV collapses
The recent change in management at MSV Resources (TSE) has spelled the end of a merger proposal between that company and Atlas (NYSE).Andre Fortier, after replacing Mario Caron as MSV’s chief executiv…
Voisey’s Bay mineralization leaps eastward
Drilling at the Voisey’s Bay nickel-copper-cobalt deposit in Labrador has expanded the basal mineralized zone known as the Eastern Deeps.Diamond Fields Resources (TSE), while drilling Hole 244 from a …