Sherritt notes
The outstanding zero coupon convertible subordinated notes of Sherritt (TSE), due in the year 2011, were redeemed Sept. 1 by the company. The aggregate redemption price was about $65.3 million. The re…
Articles by Northern Miner Staff
GOLD FUNDS (September 12, 1994)
BGR Central Net Value $17.77 $6.81 Price $15.88 $7.50 Premium 10.1% Discount 10.67% Value $144,380,000 $135,744,750…
Miramar drilling tests Con shear extension
Drilling on the downdip extension of the Con shear at the Con mine near Yellowknife, N.W.T., has intersected gold mineralization 500 ft. below the deepest workings. Miramar Mining (TSE), owner of the …
NEWS IN BRIEF (September 12, 1994)
CanCapital Corporation (CJC:VSE) has changed its name to Prada Holdings Ltd. on a 1-new-sh-for-4-old-shs basis.
ODDS’N’SODS — The serendipity deposit (2)
Editor’s note: We conclude the story of the discovery of a celestite (strontium sulphate) deposit in Cape Breton in the 1960s. “R.P.M.” refers to R.P. Mills and “Harry” is J.H. Morgan. Harry asked me …
METALS COMMENTARY — Investors find metals to their liking
Metals markets opened in September on a higher note as continued strong physical demand finally sent short sellers running for cover as optimistic investors stormed into most metals. Ignoring the good…
Reading our stock trading tables (September 12, 1994)
A comprehensive listing of weekly stock quotations for mining securities is provided by The Northern Miner. To assist readers who often know the name of the stock but not the exchange on which it trad…
Virginia Gold acquires new property
An exploration program is under way at the wholly owned Permit 936 property of Virginia Gold Mines (ME) in the Labrador Trough area of northern Quebec. The company’s newest property acquisition is adj…
Freewest options Kinbauri gold play
Montreal-based junior Freewest Resources (TSE) has agreed to earn a 60% interest in Kinbauri Gold’s Morrisette Creek gold property. The property, consisting of 30 claims northeast of Kirkland Lake, On…
TVX drilling Ecuadoran play
A 300-metre-long hole drilled by TVX Gold (TSE) at its 94%-owned Pachicutza property in Ecuador yielded an intersection that averaged 1 gram gold per tonne over 171 metres. This included a 36-metre se…
Molejon gold discovery adds to Petaquilla project
Drilling on the Molejon deposit on the Petaquilla property in Panama is returning gold values for Adrian Resources (TSE). Based on 11 holes drilled to date, indicated and inferred geological resources…
Lac des Iles dispute settled
The Sheridan Platinum Group (SPG) and TSE-listed North American Palladium (NAP) have reached a settlement concerning a dispute over the Lac des Isles platinum-palladium mine near Thunder Bay, Ont. As …