GOLD FUNDS (July 31, 1995)
Gold Funds as of July 25BGRCentralNet Value$18.12$6.617Price$14.13$6.50Discount22.06%1.7%Value$141,696,000$117,645,450…
News
Glamis revises bid for Eldorado
Thwarted in its original offer, Glamis Gold (TSE) has boosted its bid for Eldorado (TSE) to $1.50 plus 0.47 of a Glamis share for each share of Eldorado. Based on Glamis’s trading level of $10.38, the…
Polaris-Taku drill program is under way
Two drill rigs are operating on the Polaris-Taku property in northern British Columbia.Owner Canarc Resource (TSE) plans to drill 20,000 ft. in an initial 15-20-hole program aimed at testing two separ…
First Dynasty exploring in Myanmar
In keeping with its strategy of focusing on Southeast Asia, First Dynasty Mines (TSE) has signed an exploration agreement with the mines ministry of Myanmar (formerly Burma) for rights to three land b…
Drilling at Midas adding lustre to royalty sisters
A second phase of drilling is being completed by Franco-Nevada Mining (TSE) and Euro-Nevada Mining (TSE) on their 22,000-acre Midas gold property in northern Nevada.For the past three years, the compa…
ODDS’N’SODS — A hairbreadth ‘scape down Mexico way
Along with a great many other miners who have turned towards Latin America, I had the opportunity of working in Mexico last year.I have worked in, or visited, many of the famous old mining camps of ye…
Noranda to buy shares of BM&S
A transaction valued at about $225 million will enable Noranda (TSE) to acquire all the publicly held shares of its 63%-owned subsidiary, Brunswick Mining & Smelting (TSE).Noranda will issue half a No…
DIAMOND NEWS ROUNDUP — BHP, Dia Met inching towards production
The recent submission of an environmental impact statement by partners BHP Diamonds (a subsidiary of BHP Minerals) and Dia Met Minerals (TSE) sets in motion the permitting process for what could be No…
Inmet Mining adds second drill at Akie property
In an effort to accelerate drilling at the Akie massive sulphide project in northern British Columbia, Inmet Mining (TSE) is adding a second rig.Inmet, which is earning a 60% interest in the project f…
The Northern Miner now on the Internet’s World Wide Web
When this issue of The Northern Miner becomes cracked and faded, its contents will live on as bits and bytes on the Internet.The Northern Miner Home Page is up and running on the Internet’s World Wide…
PRODUCER PRICES (July 31, 1995)
ALUMINUM: MW U.S. market US89.56.5-90.5 cents per lb. (July 21, 1995).ANTIMONY: MW New York dealer US$2.30-2.50 per lb. (July 14, 1995).BISMUTH: MW New York dealer US$3.60-3.70 per lb. (July 21, 1995)…
VSE names Johnson as president
The Vancouver Stock Exchange has appointed a new president and chief executive officer to succeed Donald Hudson, who is retiring after almost 14 years in the position.Michael Johnson, 52, former chair…