Drilling resumes at the Clinton project
In a move to increase its reserves to at least 5 million tons, New Goldcore Ventures (ME) has resumed drilling on the Clinton copper-zinc project in Quebec.Situated in the Eastern Townships, the prope…
Articles by Northern Miner Staff
GOLD FUNDS (February 12, 1996)
Gold Funds as of Febuary 1, 1996BGRCentralNet Value$21.58$7.06Price$18.75$7.250Discount13.11%2.7%Value$168,715,000$131,219,925…
FINANCING (February 12, 1996)
Cumberland — 2,100,000 shs, each consisting of one Common Sh and one Common Sh Purchase Wt, issuable upon the exercise of previously issued Special Wt @ $2.00 per sh.Kinross Gold — 7,000,000 shs @ $…
Spot prices at a glance (February 12, 1996)
Wednesday, Febuary 7, 1996Week’sPrice (US)ChangeGold*$414.75+$11.55Silver*$ 5.82+$0.30Platinum*$431.00+$12.75Nickel**$ 3.80-$0.04Lead**$ 0.35+$0.01Copper $ 1.17$0.00Zinca$ 0….
STOCK MARKETS — Rising gold price ignites western markets
Gold’s surpassing the US$410 per-oz.-level lit a fire under Western markets, sending the Vancouver Stock Exchange resource index up over 240 points to 1,789.18 during the report period ended Feb. 6.Th…
Campbell Res. raises funds for acquisition
Campbell Resources (TSE) has agreed to sell between 12 million and 18 million units at US$1.25 each.A unit will consist of one common share and a half-share purchase warrant. A full purchase warrant w…
NEWS IN BRIEF (February 12, 1996)
Arbor Resources (AOR: VSE) has changed its name to Klondike Gold (KG:VSE) on a 1-new-for-10-old-share basis.
STOCK MARKETS — Golds shoot skyward as bullion price jumps
The Toronto Stock Exchange continued to set records during the report period period Jan. 31 to Feb. 6, with resource stocks making strong gains. The TSE 300 composite index rang up a 61.6-point (1.2%)…
Britannia stakes Romy claim
The Peruvian subsidiary of Britannia Gold (VSE) has staked a 28-sq.-km land package near Arequipa Resources’ (TSE) Pierina property, about 300 km north of Lima.Named the Romy claim, it covers a sectio…
Drilling planned at Bend deposit
The joint venture of Sharpe Energy & Resources (CDN), Freewest Resources Canada (TSE) and Cyprus Amax Minerals (NYSE) will drill an electromagnetic (EM) anomaly 3.7 km northeast of the Bend massive su…
METAL PRICES (February 12, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateFeb. 5Feb. 4 Feb. 2Feb. 1Jan. 31Copper2685.5-2670.52562-2564 2576-25782589-25912564-2566Lead759-761 767.8-768.5 768-769777.5-…
Moneta completes private placement
Moneta Porcupine Mines (TSE) has placed 2.4 million units, consisting of two shares and one purchase warrant each, with European institutions, for gross proceeds of $2.9 million.The warrants are exerc…