To fund drilling on its Black Twp. gold property near Kirkland Lake, Ont., Regal Goldfields (CDN) has arranged a private placement. The company is issuing 80,000 units at $2.50 each. A unit consists o…
TVX Gold (TSE) will acquire Homestake Mining’s (NYSE) half interest in the Mineral Hill and Jardine joint ventures. The agreement will bring TVX’s interest in both Montana gold properties to 100%. TVX…
Four related companies plan to amalgamate under the name CanGold Resources. The four are Hughes Lang (VSE), Orofino Resources (TSE), Nova-Cogesco Resources (TSE) and Equity Reserve (TSE). Under the pl…
I would like to thank The Northern Miner for bringing to the public’s attention the fact that Canada’s central bank gold reserves will be zero in another 24 months at the present rate of selling by th…
There’s more encouraging news from the Hislop gold property in northeastern Ontario. Hemlo Gold Mines (TSE), the operator with a 60% interest, and Glimmer Resources (VSE), with 40%, said the five step…
We see gold trading between US$360 and US$390 per oz. for the remainder of 1993, and we have used an average price for calendar 1994 of US$370. Net central bank sales should continue, prices will like…
The rabid environmentalists seem to be stymied in their campaign to shut down the logging industry of Clayoquot Sound in British Columbia. The government stands firmly committed to its land-use decisi…
Week’s Price (US) Change Gold* $370.10 – $6.00 Silver* $ 4.33 – $0.22 Platinum* $366.75 – $5.90 Nickel** $ 2.10 – $0.02 Lead** $ 0.19 + $0.01 Copper $ 0.74 $0.00 Zinc $ 0.42 $0.00 Courtesy of Scotiaba…
— Week — Nov 30 Nov 29 Nov 26 Nov 25 Nov 24 High Low Composite”300″ 4180.21 4170.33 4220.61 4229.18 4223.34 4233.58 4168.06 Metals&Minerals 3275.99 3257.66 3274.72 3269.89 3274.33 3290.40 3257.53 In…
The Sudbury, Ont., plant of Dyno Nobel has become the first explosives facility in North America to meet the ISO 9000 standard. The ISO 9000 quality control standards were developed by the Internation…
Among the trends that can be traced through this mining year is a significant rise in the number of gold operations reopened and base metal mines suspended (see Table 1) as of July 1. With 16 openings…
Drills are turning on the Cross Lake kimberlite target in the Northwest Territories, with at least five holes planned. Ashton Mining of Canada (TSE) is earning a 51% interest from Pure Gold Resources …
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