Goldcorp boosting production
With interests in three gold mines and plans to expand gold production, Goldcorp (TSE) has risen above the ranks of the juniors to achieve intermediate-size status. The increase in the company’s pro f…
Articles by Northern Miner Staff
BHP reports $1.3-billion profit
The largest company in Australia, BHP, enjoyed record net profits of A$1.3 billion (US$924 million) for the fiscal year ended May 31. The result was an increase of 29.6% over the previous year and a r…
NEWS ROUNDUP — Moneta arranges financing
Timmins, Ont.-based Moneta Porcupine Mines (TSE) has grossed $570,000 through two private placements. In one placement, privately owned Mattalex subscribed to 1 million shares at 24 cents each, to rai…
Granduc secures additional funds
An additional loan of $2.5 million will enable Granduc Mining (TSE) to finance its share of pre-development work on the Farley Lake gold deposit in Manitoba. Farley Lake is included in Granduc’s Keyst…
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…
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…