NEWS ROUNDUP — Bolivar cuts Cuban deal
An agreement with the Cuban government gives Bolivar Goldfields (VSE) a half interest in the exploration and development of four concessions in that country. The properties comprise more than 7,900 sq…
Articles by Northern Miner Staff
METAL PRICES (December 05, 1994)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne…
NEWS ROUNDUP — Minefinders options property
Toronto-based Minefinders (VSE) can obtain the Lista Negra silver property in Mexico’s Sonora state. Sampling by means of a hammer percussion drill has returned up to 23.05 oz. silver per ton from a s…
NO HEADLINE (December 05, 1994)
Price (US) Week’s Change Gold* $382.35 ” $2.15 Silver* $5.08 ” $0.09 Platinum* $409.60 ” $0.90 Nickel** $3.64 + $0.20 Lead** $0.29 ” $0.01 Copper $1.36 + $0.10 Zinc $0.51 ” $0.01 Courtesy of Scotiaban…
Breakwater files rights prospectus
Toronto-listed Breakwater Resources has filed a prospectus for an offering of rights to buy up to 239.5 million Breakwater shares at 10 cents each. Each shareholder would receive one right for each sh…
NEWS IN BRIEF (December 05, 1994)
Keith Resources (KEH:VSE) has changed its name to Avalon Ventures on a 1-new-for-5-old-share basis.
Holmer to fund work on Cuban play
Alberta-listed Holmer Gold Mines has arranged a private placement of 1 million units at 40 cents each. A unit will consist of one common share and a common share purchase warrant. The latter will be e…
Geomaque gets environmental permits for mine
Toronto-listed Geomaque Explorations has obtained the environmental permits that will enable it to operate the San Francisco mine in Mexico’s Sonora state. The heap-leach gold mine is being designed a…
Madsen Gold buys Dona Lake site
The Dona Lake mine site near Pickle Lake, Ont., has been sold. Madsen Gold (TSE) is buying the operation (excluding headframe and underground workings) for $816,000. Current owners Ross Finlay (85%) a…
PRODUCER PRICES (December 05, 1994)
ALUMINUM: MW U.S. market US90.5 cents-93.5 per lb. (Nov. 18, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 29, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994)…
NEWS ROUNDUP — New Dynacor gold zone
Montreal-listed Mines Dynacor has uncovered a near-surface gold zone at its Siscoe project near Val d’Or, Que. The zone, lying west of the Main vein, was discovered by drilling to a depth of 150 ft. T…
NEWS ROUNDUP — Armeno closes San Bartolome
Continuing operating losses at the San Bartolome mine in Ecuador have prompted owner Ag Armeno Mines & Minerals (VSE) to wind up the operation. The mine is held by a wholly owned subsidiary of the com…