Canarc acquires options in Guyana
Under an option agreement, Canarc Resource (VSE) can earn a 35-65% interest in four gold properties near the Cayuni and Barama Rivers in northwestern Guyana. It can earn an initial 50% interest in eac…
Articles by Northern Miner Staff
Prime Equities to buy Hasbrouk
An agreement has set the stage for Prime Equities International (VSE) to buy the Hasbrouk Mountain gold-silver property from a unit of Homestake Mining (NYSE). Near Tonopah, Nev., the property has a g…
Central bank sales cap gold price
The future direction of the gold price is of keen interest to many market-players. The price has been propelled by an expectation that inflation rates will rise sharply; this is seen as a possible con…
Consultant buys more Orvana
Merwin Bernstein, a Chile-based geological consultant and director of Orvana Minerals (TSE), boosted his stake in the aggressive junior exploration company at the end of June. According to the Ontario…
METAL PRICES — FREE MARKET (July 26, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 20 July 19 July 16 July 15 July 14 Copper 1894-1895 1917-1918 1913-1915 1925-19…
Producer Prices (July 26, 1993)
ALUMINUM: MW U.S. market US55.50-57.00 cents per lb. (July 15, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
Toronto Stock Exchange Indices (July 26, 1993)
— Week — Jul 20 Jul 19 Ju1 16 Jul 15 Jul 14 High Low Composite”300″ 3876.14 3867.74 3901.79 3931.27 3941.66 3957.09 3855.68 Metals&Minerals 2850.56 2828.13 2852.17 2887.52 2937.33 2963.14 2815.42 In…
Gold Funds (July 26, 1993)
BGR Central Net Value $13.93 $6.31 Price $12.13 $7.00 Discount 12.96% 10.9% Value $78,035,000 $126,695,100…
Financing (July 26, 1993)
Adda Minerals Company Ltd. — 800,000 shs @ 35 cents.
Great Lakes buys — Mexican gold play
Great Lakes Minerals (TSE) has picked up an option to buy a 100% interest in the Lluvia del Oro gold project in Mexico. Approximately 200 km south of Tucson, Arizona, the property hosts a gold-mineral…
Noble Peak works polymetallic play
A field program is to begin on MH Resources’ Mag Lake polymetallic project near Rankin Inlet, N.W.T. A private company, MH was formed to combine the interests of Noble Peak Resources (ASE), Dejour Min…
Tri-Origin funding
Toronto-listed Tri-Origin Exploration has arranged a bought deal with Gordon Capital to raise $1.05 million. The deal consists of 500,000 units at $2.10 per unit. Each unit consists of one common shar…