Namibia enhances geophysical database
The Geological Survey of Namibia (GSN) recently began a program of geophysical activity to enhance the existing geophysical database with the aim of promoting and stimulating mineral exploration in th…
Articles by Northern Miner Staff
PDAC convention set for early March
The Prospectors and Developers Association of Canada (PDAC) anticipates a large crowd for this year’s annual convention in early March at Toronto’s Royal York Hotel. More than 3,000 delegates are expe…
Metall’s German parent struggling as financial problems
The financial woes at German mining giant Metallgesellschaft (MG) continue to mount and, with its mounting difficulties, speculation is rife over the future of MG’s 50.1%-owned Canadian subsidiary, Me…
Goldcorp exercises Orvana warrants
For investment purposes, Goldcorp (TSE) recently exercised warrants to buy 1.1 million shares of Orvana Minerals (TSE) at 40 cents per share. Goldcorp now holds 6.7 million Orvana shares. In addition,…
Spot prices at a glance (January 17, 1994)
Week’s Price (US) Change Gold* $394.00 – $7.20 Silver* $ 5.11 – $0.12 Platinum* $387.25 – $9.75 Nickel** $ 2.59 + $0.20 Lead** $ 0.22 + $0.01 Copper $ 0.80 + $0.01 Zinc $ 0.45 $0.00 Courtesy of Scotia…
NEWS ROUNDUP — Naneco loses permit bid
The Lawrence County Board of Commissioners has refused to issue a land use permit to Minerva Explorations for a gold property in South Dakota. The Johnson Gulch property, 5 miles west of Lead, contain…
STOCK MARKETS — VSE trading in ’93 soared to all-time high
The Vancouver Stock Exchange’s record year is now official. The VSE reports trading activity reached the highest volume and value in its 86-year history. Volume in 1993 totaled 5.7 billion shares, a 4…
Metal Prices (January 17, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Jan. 11 Jan. 10 Jan. 7 Jan. 6 Jan. 5 Copper 1751-1752 1740-1741 1731-1732 1735-1736 1749-1750 Lead N/A 473-474 460-461 458-459 463-464 Z…
TSE Rights & Warrants
Amax Gold – Wt buys sh @ $21.00(US) to Jan 8/96. Ashton Mining of Canada – Wt buys sh @ $3.50 to Oct 27/95. Cambior – Wt buys sh @ $15.50 to Jun 30/95. Cameco – Wt buys sh @ $14.75 to Oct 1/94. Cominc…
Gold Funds (January 17, 1994)
Gold Funds as of Jan. 12 BGR Central Net Value $16.68 $6.44 Price $16.00 $7.375 Premium 14.5% Discount 4.10% Value $93,461,000 $133,482,338…
Echo Bay takes up Baja option
The Mexican subsidiary of Echo Bay Mines (TSE) has reached an agreement to earn up to a 60% interest in the Paredones Amarillos gold project in Baja California Sur territory. Baja Gold (TSE) owns the …
NEWS IN BRIEF (January 17, 1994)
Consolidated Golden Pyramid Resources (CBP:VSE) has changed its name to Data Dial International on a share-for-share basis.