Sunshine posts reduced loss
Higher silver prices, and consequently higher revenue, helped Sunshine Mining (NYSE) reduce the loss posted for the third quarter of 1994. The company had a net loss of US$2.9 million on revenue of US…
Articles by Northern Miner Staff
THE DIAMOND PAGE — United Reef expands holdings in Central
Exploration sampling on United Reef’s (TSE) Bamingui River property in the Central African Republic has significantly expanded the resource of diamond-bearing gravels that were outlined in 1993. Since…
Metal Prices — London Metal Exchange (November 21, 1994)
Spot closing prices in $US per tonne Date Nov 15 Nov 14 Nov 11 Nov 10 Nov 9 Copper 2772-2773 2781-2782 2725-2726 2695-2697 2672-2673 Lead 672-673 666.5-667.5 664-665 667-668 664-665 Zinc 1164-1165 116…
Armada financing Siberian work
Alberta-listed Armada Gold has closed the first of a 2-staged financing, with gross proceeds exceeding $2.1 million. The company issued more than 4.2 million shares priced at 50 cents each in the firs…
Toronto Stock Exchange Indices (November 21, 1994)
— 1994 — Nov 15 Nov 14 Nov 11 Nov 10 Nov 9 High Low Composite”300″ 4168.92 4177.19 4170.68 4179.19 4191.38 4609.93 3518.31 Metals&Minerals 3953.87 3949.45 3906.09 3901.51 3923.05 4289.04 3273.56 Int…
Anvil Range to fight suit
Court action against Anvil Range Mining will be defended, the company says. A merchant banker, Koloshuk Farrugia Corp., launched a $10-million lawsuit against Anvil Range, claiming it had been left ou…
Roaster fire erupts at Newmont mine
A fire has caused the temperary closure of Newmont Gold’s (NYSE) refractory ore treatment plant near Carlin, Nev. The fire erupted in the electrostatic precipitator. A portion of the plant was undergo…
Inco to expand Indonesian operation
Responding to the growing demand for nickel in the Far East, Inco (TSE) has decided to expand its production facility in Indonesia. The plan, estimated to cost US$500 million, calls for Inco’s 58%-own…
MAC takes mining woes to Ottawa
Canada’s pioneers would never have believed that an industry that helped build the nation — and which today accounts for 15% of national exports — would one day find its very survival open to questi…
Drills turning at Boleo project
Drilling on the Boleo copper-cobalt project in Mexico is under way, with International Curator Resources (TSE) reporting results from the first seven holes. The holes were drilled along a 2.4-km-long …
Vengold active in Km 88 program
In the Kilometre 88 region of Venezuela, a second phase of drilling is under way on the properties of Vengold (TSE). The junior plans to focus on four targets that returned significant values in the f…
EDITORIAL PAGE — Chretien and Team Canada
Canadians are experiencing something they have not felt for some time — widespread approval for an initiative launched by the prime minister. Jean Chretien’s recent trade mission to China was much mo…