GREATEST VALUES
ExchgValue ($000s) High Low Close ChangeBarrick Gold T356593$39 3/437 3/839 5/8+2 1/2Placer Dome T206900$36 7/834 3/436 7/8+2 1/4Inco Ltd T112619$45 7/843 3/443 3/4-1 3/4Diamon…
Articles by Northern Miner Staff
DIAMOND NEWS ROUNDUP — River Ranch output hits record high Diamond production from the River Ranch mine in Zimbabwe reached record heights in 1995.
Redaurum (TSE) says output reached 225,516 carats, thanks partly to the comissioning of the phase III plant.In November alone, a 65-carat diamond was mined.The company anticipates production of 500,00…
DIAMOND NEWS ROUNDUP — Sweden object of diamond interest
The Swedish mining inspector’s office reports that diamond exploration permits now cover most of the country.Interest has been strong since August 1994, when Australia-based Ashton Mining announced th…
Madsen raises funds for underground exploration
Madsen Gold (TSE) has raised $402,500 in a flow-through share offering.The funds will be applied to underground exploration costs at the past-producing Madsen gold mine in Red Lake, Ont. In addition t…
STOCK MARKETS — Golds keep lifting TSE higher and higher
Gold and energy stocks drew the Toronto Stock Exchange upward through the first four days of the report period ended Jan. 9, culminating with a record high on Jan 8. But weakness in technology stocks …
Noveder sells Nugget Pond stake to Richmont
Rouyn-Noranda, Que.-based junior Noveder (ME) has signed over its 40% interest in the Nugget Pond gold project to partner Richmont Mines (TSE).Situated on Newfoundland’s Baie Verte Peninsula, Nugget P…
Gold Funds (January 15, 1996)
Gold Funds as of January 4, 1996BGRCentralNet Value$18.27$6.69Price$14.50$6.500Discount20.63%2.8%Value$142,843,000$117,645,450…
Spot prices at a glance (January 15, 1996)
Wednesday, January 10, 1996Week’s Price (US)ChangeGold*$396.75+$6.25Silver*$ 5.54+$0.19Platinum*$415.85+$9.85Nickel**$ 3.42+$0.08Lead**$ 0.31$0.00Copper $ 1.18-$0.07Zinca$ 0.4…
Portugal beckons joint venture
A newly formed joint venture will explore a Portuguese property underlain by the famous Iberian Pyrite Belt.The partners include Auspex Minerals (VSE), Cumberland Resources (VSE), International Vestor…
Canmex plans drilling program for Mexican properties
With its initial public offering now complete, Canmex Minerals (VSE) will launch drill programs on its two main Mexican properties in the second quarter.The company issued 2 million shares at $1 each,…
Devil’s property tempts Petro Plus to drill
Drill results from the Devil’s property in Saskatchewan have prompted owner Petro Plus (ASE) to plan drilling for next summer.Results to date have shown consistent values over minable widths. The 1996…
Timbuktu Gold busy in Mali
Alberta-listed Timbuktu Gold has gained a gold property in Mali, West Africa.The company, formerly known as Choice Software Systems, bought a 32-sq.-km package of gold concessions from British-based A…