Sikaman to convert preference shares
At the annual meeting in Toronto, shareholders of Sikaman Gold Resources approved management’s proposal to convert all Series A, B and C preference shares into common shares. A total of 2.4 million pr…
Articles by Northern Miner Staff
LAST BUT NOT LEAST — Correction (April 11, 1994)
Producer Rio Algom (TSE) generated revenue of $22.1 million in 1993 from the combined disposition of its interests in El Condor Resources (VSE), St. Philips Resources (VSE) and two other portfolio inv…
INSIDER REPORT — Pezim moves Prime Equities shares
Murray Pezim, chairman of Prime Equities International (VSE), traded a number of shares in February. According to the Ontario Securities Commission’s OSC Bulletin, Pezim bought 34,200 shares at $3.20-…
Complex ore’s the problem, says Furlong — State assays
The Arizona Department of Mines and Mineral Resources has determined through a state-registered assayer that samples the department had taken from International Platinum Corp.’s (TSE) Arizona property…
Producer Prices (April 11, 1994)
ALUMINUM: MW U.S. market US62.75-63.75 cents per lb. (Mar. 24, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 19…
Espalau, Bachelor Lake directors OK merger
Amalgamation of Espalau Mining (ME) and Bachelor Lake Gold Mines (ME) has been approved by corporate directors. They also approved the issuance of Espalau shares to Bachelor shareholders in the ratio …
Miners call B.C. budget `step in right direction’
The British Columbia government has unveiled a $100-million, 5-year program to stimulate mineral exploration and enhance the mining industry’s ability to compete internationally. Gary Livingstone, pre…
Blue Falcon inks Zimbabwean deal
Privately owned Blue Falcon Mines has signed a deal with Development Trust of Zimbabwe whereby it can earn a 49% interest in 1 to 2 million acres of mineral lands held by the Trust. Blue Falcon Presid…
Tiomin produces synthetic rutile
Synthetic rutile has been produced in bench-scale tests on ilmenite concentrates collected from the Natashquan heavy mineral sands property on Quebec’s north shore. Tiomin Resources (ME) developed the…
Cyprus acquires Cerro Verde mine
Cyprus Climax Metals, a wholly owned subsidiary of Cyprus Amax Minerals (NYSE), has acquired 91.5% of a government-owned company which operates a copper mine in Peru. The 20-year-old Cerro Verde mine …
LATIN AMERICAN SPECIAL — Guyana, Suriname, French Guiana —
The current interest in South America’s gold potential owes much to the pioneering activities of Golden Star Resources (TSE) at at time when foreign projects were usually discounted by investment anal…
Wheaton reports income for 1993
Toronto-listed Wheaton River Minerals has reported a consolidated net income of $1.8 million or 17 cents a share for 1993, compared with a loss of $520,000 or 7 cents a share in 1992. Almost $1 millio…