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…
Articles by Northern Miner Staff
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…
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…
Kinbuari acquires African ground
CDN-listed Kinbauri Gold will explore the 478-sq.-km Soukoura concession in western Burkina Faso.The property is underlain by a sequence of Birimian volcano-sedimentary rocks cut by the 65-km-long, no…
Gold output is set to grow
Gold production throughout the world is expected to increase by an average of 2.5% annually over the next four years, according to World Mine Production of Gold 1994-1998, an annual report issued by t…
METAL PRICES — FREE MARKET (July 31, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateJuly 25 July 24 July 21July 20 July 19Copper2945-2950 2952-2957 2923-29283215-32173125-3130Lead 617.5-618.5 618.5-619.5 613.5-614…
Base metal prices ease off slightly
After climbing to more than a 4-year high in January, The Bank of Nova Scotia’s metal and mineral index has drifted lower over the past four months.Base metal prices are taking a breather after last y…
McCaw School of Mines under construction
A 4,500-sq.-ft. school is being constructed in Henderson, Nev., so that students can learn about the state’s rich mining history.When it opens in September, the school will feature a mine tunnel, a di…