Sherritt completes share offering
Toronto-listed Sherritt has offered 18.5 million common shares at $11 each, on a bought-deal basis. Proceeds of $194 million will be used partly for acquisitions. The company has entered discussions w…
Articles by Northern Miner Staff
Toronto Stock Exchange Indices (March 07, 1994)
— 1994 — Mar 1 Feb 28 Feb 25 Feb 24 Feb 23 High Low Composite”300″ 4390.43 4423.84 4364.23 4329.12 4368.35 4601.09 4286.54 Metals&Minerals 3584.95 3661.93 3618.73 3555.22 3569.71 3855.09 3495.59 Int…
Spot prices at a glance (March 07, 1994)
Week’s Price (US) Change Gold* $376.45 – $1.05 Silver* $ 5.24 + $0.06 Platinum* $390.25 – $3.25 Nickel** $ 2.59 – $0.06 Lead** $ 0.20 – $0.01 Copper $ 0.84 $0.00 Zinc $ 0.43 $0.00 Courtesy of Scotiaba…
EXPLORATION ’94 — Ups and downs of small-scale mining
Small-scale, underground gold mines have been a feature of British Columbia’s history for well over a century. Some have been likened to slot machines which empty the pockets of over-eager investors, …
EXPLORATION ’94 — Kirkland camp has long history of
While gold mining near Kirkland Lake, Ont., began in 1918, the first rockburst was not reported until 1929. Seven mines were developed along narrow, quartz-bearing veins which are associated with seve…
Armada building Russian pilot plant
Alberta-listed Armada Gold will build a pilot plant on the Baley gold tailings project in Eastern Russia’s Chita region. The plant is expected to yield 4,000 oz. gold annually, starting in July or Aug…
High River acquires West African gold project
Having recently secured a commitment from TVX Gold to develop its Snow Lake gold property in Manitoba, High River Gold Mines is now setting its sights on West Africa. The company has just concluded an…
Gold Funds (March 07, 1994)
Gold Funds as of March 2 BGR Central Net Value $16.74 $6.55 Price $13.75 $7.25 Premium 10.7% Discount 17.84% Value $135.9 million $118.7 million…
Golden Rule completes placement
Golden Rule Resources (TSE) has completed a private placement of 2.5 million shares at $2.12 each. It will advance to Waddy Lake Resources (TSE) up to $4 million from the $5.3-million placement. Waddy…
Correction (March 07, 1994)
The grade of the geologically inferred reserves (T.N.M., Feb. 14/94) at the Sawyer gold project in North Carolina of Minefinders (VSE) is 0.05 oz. gold per ton.
Black Hawk funding (March 07, 1994)
A private placement of special warrants valued at $4.6 million has been completed by Black Hawk Mining (TSE). The warrants were sold for $1 each and entitle the holder to receive one Black Hawk unit f…
Baja Gold lands Ecuadorean gold property
An agreement with the industrial arm of the Ecuadorean military enables Baja Gold (TSE) to explore and develop the Pijili property in southern Ecuador. Mineralized veins have been identified on surfac…