COMMENTARY — The benefits of hedging
Mining companies of all sizes are finding that some of the risks of mining can be reduced through the smart use of hedging. Even companies that historically refused to hedge are now seriously consider…
Articles by Northern Miner Staff
Gold Funds (September 11, 1995)
Gold Funds as of August 31BGRCentralNet Value$17.88$6.54Price$13.75$6.25Discount23.09%4.4%Value$139,788,000$113,120,625…
Drilling proves Boleo’s potential
Closely spaced infill drilling on the Boleo copper-cobalt property in Baja California Sur, Mexico, is confirming previous grades and thickness for International Curator Resources (TSE).The work is bei…
Niblack returns gold values
Drilling on the Niblack project in southeastern Alaska has intersected a wide zone of mineralization similar to previously released results.Abacus Minerals (VSE), which has an option to acquire the pr…
Cambior issues offer to buy Audrey
An offer to acquire all minority shares of Audrey Resources (TSE) has been filed by Cambior (TSE), which currently owns 75% of Audrey’s outstanding shares.Under the terms of the offer, 10.5 shares of …
Tiomin set to take over Cerro Colorado
Contractual details regarding development of the Cerro Colorado copper project in Panama have been resolved.After extensive negotiations, PanaCobre (a wholly owned subsidiary of Montreal-listed Tiomin…
Hemlo camp makes quiet progress
Exploration companies are active again in the Hemlo gold district of northern Ontario, working at a slower and steadier pace than their predecessors did in the early 1980s.About 85-90% of the greensto…
TSE to switch to decimal pricing
The Toronto Stock Exchange will be the first exchange in North America to move to decimal pricing.Under the current system, issues with prices above $5 trade in increments of one-eighth of a dollar. T…
Copper shortfall is expected
An analysis of worldwide copper mine production has led to the prediction that a million-ton annual shortfall will exist by the year 2000 and that new projects may be brought on stream to compensate f…
Copper-gold recovery process is taking off
Chemical giant DuPont has joined forces with New York-listed Newmont to manage a recovery process that promises to transform the copper and gold mining sectors.The joint venture, called AuGMENT Techno…
Toronto Stock Exchange Indices (September 11, 1995)
— 1995 –Sept 5Sept 4Sept 1Aug 31Aug 30HighLowComposite”300″4560.15N/A4525.884516.704531.184718.273983.34Metals&Minerals4953.77N/A4892.044856.304966.725276.123273.56Integrated …
PEOPLE — JERSEY GOLDFIELDS (September 11, 1995)
James Yates, Robert Quartermain, Sebastian Reidl, Alexander Hirtz, Barry Ching, Harley Paul and Robert Brown elected directors.