Spot prices at a glance (July 11, 1994)
Week’s Price (US) Change Gold* $385.75 – $0.05 Silver* $ 5.32 + $0.05 Platinum* $407.50 + $7.75 Nickel** $ 2.77 + $0.03 Lead** $ 0.26 + $0.02 Copper $ 1.12 + $0.06 Zinc $ 0.43 + $0.01 Courtesy of Scot…
Articles by Northern Miner Staff
Lakefield offering
Toronto-based Lakefield Minerals (CDN) has completed its initial public offering of shares through investment dealer McDermid St. Lawrence Chisholm. The offering enabled Lakefield to raise net proceed…
Loki plans Brewery Creek startup
By next summer, Loki Gold (TSE) hopes to be in production at its Brewery Creek project near Dawson City, Y.T. Startup for an open-pit, heap-leach gold mine is scheduled for August, 1995, with planning…
OBITUARY — Donald Bourne
A former chief mine geologist at the Arthur White gold mine of Goldcorp (formerly Dickenson Mines) at Red Lake, Ont., Donald Bourne died recently in Toronto after a short illness. He served as chief g…
FREE MARKET (July 11, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date July 5 July 4 July 1 June 30 June 29 Copper 2471-2472 2454-2455 2423.5-2424.5 2367.5-2368.5 2355-2356.5 Lead 565.5-566.5 567-568 567.5-5…
Barytex drilling
Drilling by International Barytex Resources (VSE) will further test targets on the Mel property, 80 km northeast of Watson Lake, Y.T. This year’s program, budgeted at $400,000, is aimed at firming up …
Manson Creek acquires Venezuelan assets
Toronto-listed Manson Creek Resources can buy all the shares of Bolivariana de Mineria, a Venezuelan company, in return for issuing 250,000 shares and paying $143,880 cash. Bolivariana has a 75% inter…
Pan American acquires Hog Heaven silver play
The recent acquisition of the Hog Heaven property in Montana represents a first step for Pan American Minerals (TSE) to become a pure silver company. The junior is headed by Ross Beaty, also president…
Goldbelt Res. JV progressing
A private placement will give Goldbelt Resources (VSE) an initial $4.3 million to fund further development of its gold tailings joint venture in Kazakhstan. The junior is earning a half interest from …
Manitoba Mineral sells Trout L. stake
Residents of Flin Flon, Man., received good news this week when Manitoba Mineral Resources (MMR), a crown corporation, sold its 27% interest in the Trout Lake base metal mine to Hudson Bay Mining & Sm…
NEWS ROUNDUP — Shell selling Collahuasi stake
The one-third interest of Shell in the developing Collahuasi copper project in Chile will be offered for sale to the highest bidder among 12 selected mining companies. A Shell spokesman did not disclo…
William negotiates Bharti acquisition
Montreal-based William Resources (ME) has negotiated a deal to acquire Bharti Laamanen Mining for $4 million. William plans to issue $3 million worth of common shares (3.5 million shares at 85 cents p…