Polaris tops salary list
The wealthiest community in Canada is the Polaris mine site on Little Cornwallis Island in the Arctic, according to Statistics Canada. The federal government agency says that the median income in 1992…
Articles by Northern Miner Staff
DIAMOND PAGE — Crystallex gets permits for Albino
Through a wholly owned operating subsidiary in Venezuela, Crystallex International (VSE) has obtained all permits necessary to begin mining on its Albino concession in the Kilometre 88 district. Venez…
STOCK MARKETS — TSE slips in wake of Quebec election call
Fears of higher interest rates in the wake of the election call in Quebec kept investors cautious, thereby leading to a small downturn on the TSE. The downturn comes despite reports of positive second…
Gold Funds (August 01, 1994)
Gold Funds as of July 25 BGR Central Net Value $17.29 $6.79 Price $15.50 $7.125 Premium 4.9% Discount 10.34% Value $140,450,000 $128,957,513…
Noble Peak raises money
Alberta-listed Noble Peak Resources is raising $400,000 through a private placement of flow-through common shares. The company recently optioned ground to Cyprus Canada, a unit of Cyprus Amax Minerals…
STOCK MARKETS — Juniors bear brunt of lacklustre Km 88
Junior companies active in Venezuela had little to cheer about after generally disappointing results were released from highly promoted gold properties held by TSE-listed Vengold in the South American…
PRODUCER PRICES (August 01, 1994)
ALUMINUM: MW U.S. market US63.5-64.5 cents per lb. (June 2, 1994). ANTIMONY: MW New York dealer US$1.40-1.60 per lb. (May 12, 1994). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993). …
VenCan, Chesbar merge certain assets
Juniors VenCan Gold (ME) and Chesbar Resources (TSE) intend to merge their Venezuelan interests into a new entity. Shareholders will receive half of the shares in the new entity. This new company will…
LAST BUT NOT LEASE — La Teko active in Alaska
Drill results from the True North property in Alaska continue to provide encouragement. La Teko Resources (VSE) reports that proven and probable reserves stand at 120,000 oz. It is hoped that, by the …
Casino prefeasibility set for year-end
Infill and stepout drilling on the Casino gold-copper-molybdenum property in the southwestern Yukon is now finished. During this year’s program, Pacific Sentinel Gold (VSE) carried out 55,119 ft. of l…
Hemlo Gold’s earnings increase
Increased gold production, a higher gold price and a weaker Canadian dollar all enabled Hemlo Gold Mines (TSE) to increase earnings to $38.1 million (or 39 cents a share) for the first half of 1994 fr…
Central Crude raises funding
A private placement of 6 million special warrants has raised $9.3 million for Central Crude (TSE). The company, which is changing its name to River Gold Mines, intends to use most of the proceeds to d…