Gold Funds (December 18, 1995)
Gold Funds as of December 7, 1995BGRCentralNet Value$17.66$6.64Price$14.50$6.375Discount17.88%4.0%Value$138,048,000$115,383,038…
Articles by Northern Miner Staff
Spot prices at a glance (December 18, 1995)
Wednesday, December 13, 1995Week’s Price (US)ChangeGold*$388.10+$0.50Silver*$ 5.16-$0.10Platinum*$413.25-$0.75Nickel**$ 3.69+$0.08Lead**$ 0.33-$0.01Copper$ 1.35 $0.00Zinc$ …
Caledonia Mining updates reserves at South African gold mines
Tonnage and grade are up at the South African gold mines of Caledonia Mining (TSE).Proven and indicated reserves at the Eersteling gold mine are 746,380 tonnes at 6.71 grams gold per tonne, up from 13…
Canarc drill program in Guyana
Toronto-listed junior Canarc Resource has undertaken an aggressive, 40-hole drill program at the Baramita property in Guyana.The 6,000-metre initiative is designed to test for gold prospects along a 1…
Peruvian exploration pays off for Arequipa Res.
Arequipa Resources (TSE) has identified several gold prospects along an 80-km-long belt of rocks in northern Peru.Additional mapping, sampling and trenching will attempt to firm up these discoveries, …
DIAMOND NEWS ROUNDUP — Trillion uncovers more kimberlites
A recent discovery brings to six the number of kimberlites found on the Sansukwe property in Zimbabwe.The dyke, found by 50% owner Trillion Resources (TSE), is one of several discovered thus far in a …
Ecuadorian resumes drilling Gaby
An increase in the estimated gold resource of the Gaby deposit in Ecuador has prompted Ecuadorian Minerals (TSE) to resume drilling.The estimate more than doubled to 3.5 million oz.More than 10,000 me…
Royalstar begins work program at King of Kings gold property
Royalstar Resources (VSE) has begun drilling its King of Kings (formerly Garrison) gold property in southwestern Montana, and early results are encouraging.Hole RK-1, drilled at an angle, encountered …
Facts & Figures — Saskatchewan property assessment to be updated
Assessment and tax policy for Saskatchewan will soon receive its first major overhaul in 30 years.Earlier this month, the provincial government released a report on proposed changes to the property as…
EDITORIAL PAGE — Underground at Carlin
Back in the early 1960s, Newmont Gold made the first gold discovery in the high desert near Elko, Nev. By 1965, the Carlin mill and open-pit mine were operating, and during that year the operation pro…
China’s growing zinc exports create marketing ramifications
The large volume of zinc exported by China in 1993-94 contributed to an intense depression in world prices for the metal, according to CRU International.Exports were also high in early 1995, but they …
NWMA laments layoffs, land use rift
Members of the Northwest Mining Association (NWMA) gathered recently in this western city to attend the 101st annual meeting and speculate on the future direction of the mining industry.For many of th…