Echo Bay allies with TVI Pacific
In a move aimed at uncovering large gold deposits in the Philippines, Echo Bay Mines (TSE) has formed an alliance with TVI Pacific (ASE).The former will purchase, through a private placement, 5 millio…
Articles by Northern Miner Staff
Fortune options NICO property
An option agreement with Fortune Minerals (CDN) will allow a private company to earn a 20% interest in the NICO group of claims in the Mazenod Lake area of the Northwest Territories.To do so, the priv…
No Headline (May 15, 1995)
Under an agreement with the transitional government of Ethiopia, Golden Star Resources (TSE) has been granted exploration leases in the East African nation.The 90 licences constitute what is known as …
Eastmain plans drilling programs
Drill contracts have been submitted for tender, and surface gridding is expected to begin soon at the Kidd project of Eastmain Resources (CDN) in Timmins, Ont.The junior was recently awarded a $26,000…
Musto backs Rio/North offer
A takeover bid of International Musto Explorations (TSE) by Rio Algom (TSE) and North Ltd. of Australia has the support of Musto’s board of directors.RN Galaxy, a company formed by Rio and North, offe…
TVX Gold eager to join million-ounce club
Management of TVX Gold (TSE) will use its “killer instinct” to produce more than 1 million oz. gold annually by 1998, Chairman Eike Batista told shareholders at the annual meeting in Toronto.”We shoul…
PEOPLE — ANGLO-ANDEAN
Leonel Lopez elected president and chief executive officer.
Kinross outlines plans for growth
Mine expansion and acquisition plans should give gold-silver producer Kinross Gold (TSE) annual output of 500,000 oz. gold-equivalent by the end of 1996.At the annual meeting, President Robert Buchan …
B.C. Government offer not enough for Royal Oak Mines
Following several meetings with the government of British Columbia, Royal Oak Mines (TSE) and Geddes Resources (TSE) have withdrawn their respective bids to acquire the Kemess South gold-copper projec…
CIM luncheon hosts Westmin
The May 26 luncheon of the Vancouver branch of the Canadian Institute of Mining, Metallurgy and Petroleum will hear a presentation about Westmin Resources and its prospects.President Walter Segsworth …
GOLD FUNDS (May 15, 1995)
Gold Funds as of May 9BGRCentralNet Value$17.53$7.09Price$15.00$6.875Discount14.41%2.8%Value$137,025,000$124,432,688…
Spot prices at a glance (May 15, 1995)
Wednesday, May 10Price (US)Week’sChangeGold*$383.40-$5.40Silver*$5.48-$0.40Platinum*$435.50-$17.25Nickel**$3.15-$0.02Lead**$0.26-$0.01Copper$1.24-$0.01Zinc$0.46-…