Lyon Lake, Adex in transaction
Full ownership of three gold concessions in Costa Rica is being acquired by Lyon Lake Mines (ME). Subject to regulatory approval, Lyon will purchase the 50% interest of project partner Adex Mining (TS…
Articles by Northern Miner Staff
STOCK MARKETS — Gold index soars on bullish reports from
Investors with shares in a wide range of industry groups were given reason to celebrate during the week ended Feb. 9 as The Toronto Stock Exchange’s 300 composite index surged by 70 points on heavy vo…
STOCK MARKETS — Furious Venezuelan activity gives push to
Action on western markets showed little sign of abating during the period ended Feb. 9, with the Vancouver Stock Exchange resource index gaining more than 37 points to finish at 785.12, an 8% increase…
GOLD FUNDS (February 15, 1993)
BGR Central Net Value $8.27 $4.99 Price $6.00 $4.40 Discount 27.47% 11.8% Value $46,342,000 $74,026,920.
Placer Dome eyes Stockade Mountain
A recent letter of intent sets the stage for a wholly owned unit of Placer Dome (TSE) to earn up to a 70% working interest in Carlin Gold’s (ASE) Stockade Mountain gold property in Malheur Cty., Ore. …
Drill program planned for Alabama property
Joint venture partners Orvana Minerals (TSE) and the U.S. subsidiary of Placer Dome (TSE) recently approved a US$150,000 exploration program for the Alabama Gold project in eastern Alabama. Placer can…
Western Int’l. options Arizona copper play
Western International Explorations (CDN) has optioned the Stray Elephant copper property in the Oro Fino mining district of Arizona, near the California border. Under the agreement, the company has an…
Spot prices at a glance (February 15, 1993)
Week’s Price (US) Change Gold* $328.70 $0.90 Silver* $ 3.71 + $0.04 Platinum* $367.75 + $8.15 Nickel** $ 2.72 + $0.10 Lead** $ 0.19 $0.00 Copper $ 1.01 $0.00 Zinc $ 0.49 $0.01 Courtesy of Scotiabank. …
TORONTO STOCK EXCHANGE INDICES (February 15, 1993)
Feb.9 Feb.8 Feb.5 Feb.4 Feb.3 High Low Composite”300″ 3414.11 3394.83 3377.91 3366.40 3344.03 4009.47 3009.91 Metals&Minerals 2972.25 2927.82 2900.02 2862.59 2808.54 3453.06 2502.63 Integrated Mines30…
FINANCING (February 15, 1993)
Eaglecrest Expl. Ltd. — 1,500,000 shs. @ 28 cents per sh. Wayside Gold Mines Ltd. — 200,000 units. @ 95 cents per unit. Brigadier Res. Ltd. — 215,000 units. @ 95 cents per unit.
Work program at Ecudor project
A drilling program representing 5,000 ft. is under way on the Dufresnoy-Clericy property in Quebec’s Dufresnoy Twp., Societe Miniere Ecudor (ME) reports. An option agreement with Soquem, the Quebec Cr…
Leicester plant nears completion
Contrary to what was reported in the Feb. 8 issue of The Northern Miner, plant construction is nearing completion on the Leicester diamond project near Kimberley, South Africa. Stow Resources (VSE) an…