Tandem options two properties
Two prospecting syndicates have optioned properties west and southwest of Voisey Bay, Labrador, to Tandem Resources (ME).The junior can acquire a 90% interest in the properties by completing all neces…
Articles by Northern Miner Staff
Acquisition boosts Pegasus reserves
Spokane-based Pegasus Gold (AMEX) has boosted its reserves by 49% since March, 1995. The proven and probable figure climbed by 2.6 million oz. to a total of 7.8 million oz.Contributing to the increase…
Uranerz, Cameco form partnership with Kazakhs
The idea would have been improbable a few years ago: Canadian and German companies forming a joint venture to exploit uranium deposits in Kazakhstan, once part of the Soviet Union. But things change, …
FACTS’N’FIGURES — Nevada dominated by gold
In 1994, Nevada produced an estimated US$3.2 billion in minerals (including petroleum and geothermal energy), which is 8% more than in 1993. Gold production in the state reached an all-time high last …
Busy year in Dominican Republic
Nineteen ninety-four was an active year for the mining industry in the Dominican Republic, particularly in the metallic and non-metallic sectors.Exports of ferronickel, gold and other mineral products…
TSE Short Positions (August 21, 1995)
Short positions outstanding at July 31, 1995.Larger individual positions included: Barrick Gold 4,618,216; Agnico-Eagle 152,330; Alcan Aluminium 808,653; Bema Gold 1,437,500; Caledonia M’g 305,200; Ca…
Kingurutik discoveries followed up
Follow-up ground work by NDT Ventures (VSE) on the Kingurutik Lake property of Lucero Resource (VSE) has outlined gossans containing sulphides and associated graphite.Mapping and prospecting identifie…
Hemlo, Orvana acquire Chilean property
Toronto-listed Orvana Minerals and senior gold producer Hemlo Gold Mines (TSE) are optioning the Esperanza gold property in northern Chile.Hemlo will hold 60% and Orvana 40% of the joint venture, whic…
STOCK MARKETS — Market slides but gold stocks catch a wave
The Toronto Stock Exchange saw most of last week’s moderate gain slip away, as market participants remained edgy on conflicting economic news. For the 5-day report period ended Aug. 15, the TSE 300 co…
METAL PRICES — FREE MARKET (August 21, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateAugust 15 August 14August 11August 10August 9Copper3040-3042 2994-29953014-30193005-30063006-3008Lead609-610 610.5-611.5619-620…
Cambior bids for Audrey shares
Montreal-based Cambior (TSE) will acquire the remaining issued and outstanding common shares of Audrey Resources (TSE) by Sept. 1.Cambior will offer $1.40 per Audrey share, in the form of cash or the …
Beaufor results encourage Louvem
The Beaufor gold deposit in Pascalis Twp., Que., is showing promising results as development advances.Partners Louvem Mines (TSE) and Aurizon Mines (ME) report that development work in June produced 8…