Metal prices boost index (December 26, 1994)
A surge in metals and forestry prices in October enabled the commodity price index of the Bank of Nova Scotia to advance by 1.6%. The all-items index is now 11.8% higher than it was at this time last …
Articles by Northern Miner Staff
Pamlico drilling under way
Reverse-circulation drilling is under way at the Pamlico gold-silver property in Mineral Cty., Nev. Pamlico Gold (VSE) can earn a 51% interest by spending US$1.3 million on exploration, development an…
Regal claims close to Timmins find
CDN-listed Regal Goldfields has acquired eight claims in Kenogaming Twp., near Timmins, Ont. The claims are close to the new gold discovery made by Hemlo Gold Mines (TSE) on the Sewell-Reeves property…
NEWS ROUNDUP — Echo Bay gets poison pill
Shareholders of Echo Bay Mines (TSE) voted 75.6% in favor of a rights plan. The shareholders rights protection plan, also known as a “poison pill,” is designed to thwart a hostile takeover by increasi…
Amayapampa drill program disappoints
Drilling on the Amayapampa gold project in Bolivia is returning lower grades outside the area of historic and active workings. Past and present mining on the property focused on small-scale, undergrou…
Production woes at Colomac
Production problems at the Colomac mine north of Yellowknife, N.W.T., have prompted owner Royal Oak Mines (TSE) to downgrade its overall 1994 production forecast for the four gold mines that it owns. …
COMMENTARY — Cameco recycling; coal clean-up
Construction is under way on a recycling plant at uranium producer Cameco’s Blind River, Ont., refinery. The $10-million plant will take liquid byproduct from the refining process and convert it into …
Barrick options Michaud-Nufort
Mining giant American Barrick Resources (TSE) can earn a 60% interest in the Michaud-Nufort property in northeastern Ontario’s Michaud Twp. The company may earn this interest by paying $400,000 cash a…
PRODUCER PRICES (December 26, 1994)
ALUMINUM: MW U.S. market US89.5 cents-90.5 per lb. (Dec. 9, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Dec. 2, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994). C…
NEWS ROUNDUP — Tandem boosts holdings in NAR
Junior Tandem Resources (ME) has increased its interest in NAR Resources (ME) to 34.5% from 30.1%. Tandem subscribed for 120,000 shares of NAR, paying 50 cents per share, or $60,000 in aggregate. Afte…
Craibbe-Fletcher vote favors Placer
Minority shareholders of Craibbe-Fletcher Gold Mines (CDN) have voted 89.7% in favor of an amalgamation with a wholly owned subsidiary of Placer Dome (TSE). Placer controls Craibbe-Fletcher through it…
CaribGold accelerates Cuban exploration program
Positive results from initial area examinations have prompted Caribgold Resources (TSE) to intensify its gold exploration efforts in Cuba. In the Laura sector of the Camaguey property, diamond drillin…