Index (June 03, 1996)
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Articles by Northern Miner Staff
New Goldcore raises financing
A $920,000 flow-through offering at 60 cents per share is in progress, reports New Goldcore Ventures (NGV-M).The company plans to use the funds to continue exploring its five gold and base metal prope…
BOOK REVIEW — Book focuses on mining royalties between private parties
The legal complexity of mining royalties is unraveled in a new book, Mining Royalties Between Private Parties, published by the Centre for Resource Studies at Queen’s University.Author Karl J.C. Harri…
DIAMOND PAGE — Major General searches Greenland
Although its original target in Greenland was base metals, Major General Resources (MGJ-V) is turning up heavy minerals, which indicates potential for kimberlite discoveries.In the autumn of 1995, the…
GREATEST VALUE TRADED, May 22-28
Val($000s) High Low ChangeBRE-X Mnrls T295822$28.6522.3526.10 +2.70 .Arequipa Res T183539$34.7519.2032.65+12.50 .Diamond Flds T111220$40.0538.2539.95+0.25 .Cameco Corp T93879$6…
STOCK MARKETS — Juniors dominate drifting market
The Toronto Stock Exchange settled lower last week, supporting the view that the markets are fully valued. The TSE 300 composite index was down 18.94 points (0.4%) over the period May 22-28, closing a…
TSE Short Positions (June 03, 1996)
Short positions outstanding at May 15, 1996Larger individual positions included: Abacan 131,600; Barrick Gold 4,690,913; Agnico-Eagle 450,968; Algoma Steel 233,223; Adex Mining 345,000; Asia Pacific 1…
Gold Funds (June 03, 1996)
Gold Funds as of May 23, 1996BGRCentral.Net Value$25.95$6.72 .Price $19.60$7.000 .Discount24.46%4.2% .Value$202,855,000$126,695,100 .
Spot prices at a glance (June 03, 1996)
Wednesday, May 29, 1996Week’s Price (US) Change .Gold* $391.65+$0.65 .Silver* $ 5.37+$0.08 .Platinum*$400.25+$3.00 .Nickel**$ 3.59+$0.08 .Lead**$ 0.37-0.01 .Copper{$ 1.15+$0.04 .Zi…
Diamond Fields takeover delayed
Uncertainty over a lawsuit has prevented Inco (N-T) from completing the acquisition of Diamond Fields Resources (DFR-T) on the scheduled closing date of May 29. At presstime, the deal had not yet been…
STOCK MARKETS — Resource stocks rebound in western markets
Western markets resumed their ascent over the report period ended May 28, recovering from the recent routing created by Cartaway Resources’ poor assay results from its Cirque property in Labrador.The …
Prime declares Eskay dividend
Shareholders of Prime Resources Group (PRU-T) are about to enjoy the benefits of the Eskay Creek gold-silver mine in northwestern British Columbia.Prime will start paying a semi-annual dividend of 4 c…