Gold Funds (November 14, 1994)
BGR Central Net Value $18.25 $6.67 Price $15.00 $6.750 Premium 1.2% Discount 17.79% Value $148,072,000 $122,170,275…
Articles by Northern Miner Staff
Wrightbar, Charlim get OK for merger
Shareholders of both Wrightbar Mines and Charlim Explorations have approved the merger of the two Montreal-listed companies. Each Wrightbar shareholder will receive one common share of Lithos, the new…
Glimmer Drilling tests Hislop-Beatty
Junior Glimmer Resources (VSE) has released final results from the last hole in a drill program on the Hislop-Beatty property in northeastern Ontario. Hole 142 featured five intercepts, including an u…
TSE Short Positions (November 14, 1994)
Semi-monthly reports as of Oct 15, 1994 showed 257,344,810 shares of 878 issues compared with 240,252,804 shares of 835 issues on Sep 15, 1994. Larger individual positions included: Aber 132,740, up 3…
FACTS & FIGURES — Peru’s growing mining sector
The mining sector of Peru now represents 11% of the country’s gross national product and more than 40% of legal exports; directly and indirectly, it supports some 10% of the population. It is virtuall…
First Silver eyes Mexican properties
Junior First Silver Resources (VSE) intends to earn a half interest from Agincourt Explorations (VSE) in three silver-zinc properties in Mexico’s Sonora state. The properties consist of 18 concessions…
Rowland leaving Lonrho
One of London’s more controversial and colorful tycoons, Roland (Tiny) Rowland, will resign from the trading company Lonrho PLC, which he has run for three decades, Associated Press reports from the B…
Dynacor drilling Siscoe mine
An underground drilling program by Mines Dynacor (ME) will be aimed at uncovering new gold mineralization deep at the Siscoe mine property near Val d’Or, Que. The junior, which is planning a $300,000 …
Metal prices boost index (November 14, 1994)
A surge in the metal and mineral sub-index in September helped to push the Bank of Nova Scotia’s commodity price index higher. The all-items index rose 0.6% in September from August; it sits 10.4% hig…
Northgate owns Chilean mine
TSE-listed Northgate Exploration has assumed complete ownership of the Choquelimpie gold property in northern Chile. It increased its interest to 100% from 35% by acquiring the interests of its joint-…
Government funds for Satterly lab
A geological laboratory at the Royal Ontario Museum in Toronto will receive $160,000 from the provincial government to continue its research in the age-dating of rocks and minerals. The Jack Satterly …
Noranda to drill Aurizon prospect
In Quebec’s Louvicourt Twp., Noranda Exploration will drill-test a base metal prospect belonging to Aurizon Mines (TSE). The 900-metre program is part of a program which will see Noranda spend $2.4 mi…