Mongolia Gold updates feasibility on Bumbat
Mongolia Gold Resources (VSE) reports that the Bumbat gold project in Mongolia is expected to generate cash flow of US$7.4 million from revenue of US$33.9 million in just over two years.Mongolia opera…
Articles by Northern Miner Staff
NEWS IN BRIEF (March 04, 1996)
Arbor Resources (AOR: VSE) has changed its name to Klondike Gold (KG:VSE) on a 1-new-for-10-old-share basis.
Spot prices at a glance (March 04, 1996)
Wednesday, February 28, 1996Price (US)Week’s ChangeGold* $397.70-$0.80Silver*$ 5.46-$0.09Platinum*$408.00-$9.50Nickel**$ 3.59-$0.14Lead**$ 0.35-$0.01Copper $ 1.15+$0.02Zinca$…
STOCK MARKETS — VSE composite index breaks record
Fueled by the resource sector, the Vancouver Stock Exchange composite index broke through the 1,000-point barrier for the first time since June, 1994.The composite index closed the report period ended…
Toronto stock exchange indices
Feb 27Feb 26Feb 23Feb 22Feb 21High LowComposite “300”4954.274957.124962.894980.874961.135001.184932.03Metals & Mnrls5169.015160.245141.775159.785164.665001.184932.03Integrated Mns…
Gold funds (March 04, 1996)
Gold Funds as of Feb 22 BGRCentralNet Value$22.67$6.96Price $18.25$7.125Discount19.49%Premium 2.4%Value$177,237,000$128,957,513…
North Coast drilling porphyry targets
Spring drilling is planned for the three properties owned by Consolidated North Coast Industries (VSE) in the Kemess area of north-central British Columbia.The company acquired the properties by staki…
Northern Miner
Working in the Kyle Lake diamond property in northeastern Ontario, partners KWG Resources (TSE) and Spider Resources (ASE) have started their new exploration program with a bang.Numerous nodules of ec…
Producer prices (March 04, 1996)
ALUMINUM: MW U.S. market US75.5 cents-76.5 cents per lb. (Feb. 16, 1996).ANTIMONY: MW New York dealer US$1.85-1.95 per lb. (Feb. 23, 1996).BISMUTH: MW New York dealer US$3.95-4.05 per lb. (Feb. 16, 19…
Exall and Mazaruni test alluvial project
Exploration has resumed at the Mazaruni River alluvial gold and diamond project in Guyana.The prospect is held equally by Exall Resources (TSE) and Mazaruni Minerals (ASE), which are planning to compl…
Partners start exploration programs at property in Northwest Territories
Field activities are set to begin on the NOT #1 diamond property in the Lac de Gras area of the Northwest Territories.The project is a joint venture among Ashton Mining of Canada (TSE), with 50%, Noro…
Cominco to sell interest in Snip mine
International Skyline Gold (TSE) has reached a tentative agreement to acquire Cominco’s (TSE) 60% interest in the Snip underground gold mine in northwestern British Columbia. The purchase price is $55…