PEOPLE — HIGHGRADE VENTURES (May 23, 1994)
Franz Scheidz and Paul Joseph McGuigan appointed directors.
Articles by Northern Miner Staff
THE DIAMOND PAGE — Australia’s Ashton finds third kimberlite
Australian-based Ashton Mining of Canada (TSE) has discovered a third kimberlite near Attawapiskat River in northern Ontario. The company is earning a 51% interest in the project, which is 70% owned b…
THE DIAMOND PAGE — American Gem completes $7.3-million
American Gem (TSE) has completed a $7.3-million Euroequity offering. The placement, consisting of 1.5 million shares at $4.88 per share, was arranged by IBK Capital, a Toronto-based investment banking…
THE DIAMOND PAGE — Hendricks hits wide, low-grade
Surface and underground drilling by Hendricks Minerals (CDN) continues to intersect shallow, low-grade mineralization over broad widths at the Cross Lake gold-silver project in Colorado. To date, two …
STOCK MARKETS — Base metals add vigor to Toronto Exchange
Fueled by increases in base metal prices, the Toronto Stock Exchange 300 composite index gained just over 100 points to close at 4,269.15 for the week ended May 17. The mines and metals subgroup, lead…
Orcana teams with Outokumpu
Finnish conglomerate Outokumpu Mines plans to earn a 55% interest in the San Carlos property from Orcana Resources (VSE). The property is situated in Mexico’s Sonora state, and Outokumpu can earn the …
FINANCING (May 23, 1994)
Black Hawk Mining — 4.6 million common shares and 2.3 million common share warrants @ $1 per special warrant. Richmont Mines — 2.5 million common shares issuable upon the exercise of previously issu…
STOCK MARKETS — Copper surge fails to ignite western
A surge in major markets in central Canada failed to spill over into western markets during the report period ended May 17. The Vancouver Stock Exchange composite index recorded a 16.51-point drop to …
GOLD FUNDS (May 23, 1994)
BGR Central Net Value $16.87 $6.82 Price $15.13 $7.250 Premium 6.3% Discount 10.34% Value $137,064,000 $131,219,925…
TORONTO STOCK EXCHANGE INDICES (May 23, 1994)
Composite “300” 4269.15 4208.28 4175.35 4162.52 4168.21 4609.93 3518.31 Metals & Mnls 3702.03 3619.61 3528.10 3457.06 3455.34 3879.59 3273.56 Integrated Mines3911.28 3812.68 3693.87 3609.09 3603.38 40…
Strong first quarter for Echo Bay
Improvements at two Nevada gold mines have helped Echo Bay (TSE) post exceptionally strong first-quarter results. The company produced a total of 253,218 oz. gold — a new record, up 31% from the prev…
MSV posts financial and drilling results
First-quarter results are encouraging for MSV Resources. The Montreal-listed company managed to crank out 12,970 oz. gold, almost 3 million lb. copper and almost 15,000 oz. silver. This led to earning…