Metal Prices — FREE MARKET (October 16, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateOct. 10 Oct. 9Oct. 6Oct. 5 Oct. 4Copper2802-2805 2927-29302839-28432875.5-28762865-2868Lead589-590 594-595593-594 599-600 59…
Articles by Northern Miner Staff
Falco reviews legal action against Royal Oak
Unhappy with its lot in the aborted Windy Craggy project, Falconbridge (TSE) is reportedly mulling possible legal action.The company holds a 22.5% net profits interest in the property, which was expro…
STOCK MARKETS — Markets little changed after nervous week
The Toronto Stock Exchange was fortunate in having a day off this past Thanksgiving holiday as Monday brought panic to the board of its New York counterpart. Fortunately, by the time the TSE reopened …
TSE Short Positions (October 16, 1995)
Short positions outstanding at September 29, 1995Larger individual positions included: Barrick Gold 5,891,875; Agnico-Eagle 134,998; Archer 138,728; Anderson Expl. 2,371,600; Bema Gold 1,175,600; Cale…
Program planned for Cabot Lake
Ground work on the Cabot Lake property in the Voisey Bay area of Labrador is turning up massive sulphides over a large mineralized area.Gallery Resources (ASE) reports that the mineralized area extend…
Glimmer, Golden Dragon end talks
All discussions concerning a plan of arrangement between Glimmer Resources (VSE) and Canadian Golden Dragon Resources (VSE), proposed in September, have been terminated.In addition, Glimmer has been g…
Sulphides cut at Boundary claim block
The first hole of an exploratory drilling campaign has intersected two mineralized zones on the Boundary Block claims, 75 km northwest of the Voisey Bay discovery.The Boundary Block is one of four gro…
Financing (October 16, 1995)
Mina Resources Ltd. — 900,000 shs @ 45 cents per sh.
Kinross ups inventory at Goldbanks property
Reserves at the Goldbanks joint venture in Nevada have been expanded following drilling by 50%-owner Kinross Gold (TSE).As well as outlining additional reserves below the Main zone, the combined core …
Santa Fe enters joint venture with Kazakhs
After months of negotiations, Santa Fe Pacific Gold (NYSE) has signed an agreement with the government of Kazakhstan concerning the Sharaltyn joint venture.The agreement sets forth provisions for the …
Madsen moves mill to Red Lake mine
All components of the Dona Lake mill have been moved to the Madsen gold mine property near Red Lake, Ont., as Madsen Gold (TSE) works toward its goal of resuming production at its namesake operation.M…
LABRADOR NEWS ROUNDUP — Lakefield buys Labrador ground
CDN-listed Lakefield Minerals has acquired a 25% interest in 1,992 claims in the Voisey Bay, Harp Lake, Mealy Mountains and Minipi Lake areas of Labrador. .TThe properties belong to Westpine Metals (V…