Spot prices at a glance (June 19, 1995)
Wednesday, June 14Week’sPrice (US)ChangeGold*$386.80+$2.15Silver*$5.37+$0.03Platinum*$436.60+$4.45Nickel**$3.46-$0.05Lead**$0.28+$0.01Copper $1.31+$0.01Zinca$0.45$0.00Cour…
Articles by Northern Miner Staff
Gold Funds (June 19, 1995)
Gold Funds as of June 13BGRCentralNet Value$17.54$6.74Price$14.13$7.00Discount19.49%Premium3.9%Value$137,163,000$126,695,100…
STOCK MARKETS — Western markets backtrack as Voisey Bay play evolves
Western markets finished the week ended June 13 somewhat mixed amid continued investor interest in Labrador’s Voisey Bay nickel-copper-cobalt area play.The Vancouver Stock Exchange resource index gain…
Franc-Or exploring Saul-Sophie
Sampling, trenching and diamond drilling are under way in the Repentir sector of Franc-Or Resources’ (TSE) Saul-Sophie gold property in French Guiana.Many of the trenches have yielded encouraging valu…
GREATEST VALUE TRADED, JUNE 7-13
Value($000s)High Low Close Change Diamond Flds T165496$81 1/4 60 1/269 3/4-10 1/4Inco Ltd T147450$36 1/4 33 3/834 3/4+1/8Barrick Gold T132655$35 7/8 34 1/835 1/4+1Placer Dome …
NEWS IN BRIEF (June 19, 1995)
Manor Resources (MNO: ASE) has changed its name to American Manor (ANO:ASE) on a 1-new-for-10-old-share basis.
Santa Elina teams with TVX
New York-based Santa Elina Gold (TSE) has entered into an agreement with a subsidiary of TVX Gold (TSE) to explore the Lavrinha gold property in Brazil’s Matto Grosso state.Mineracao Santa Elina, a su…
Hecla to explore La Fortuna in Mexican joint venture
Hecla Mining (NYSE) has formed a joint venture with War Eagle Mining (VSE) on the Mexican silver-gold project known as La Fortuna.Hecla can earn a 60% interest by spending US$5 million over the next f…
Battle Mountain hunts for Idaho gold
Battle Mountain Gold (NYSE) is exploring for the yellow metal on its Morning Glory project in east-central Idaho.The major can earn a 60% interest in the property from Formation Capital (VSE) by spend…
Newmont provides model for international mine financing
In October, 1990, Joseph Kowalik, a senior geologist with Newmont Gold (NYSE), visited the mammoth Murantau open-pit gold mine in this Central Asian republic and immediately recognized the potential r…
East Africa Gold outlines gold resource at Buckreef
Drilling at the Buckreef property in Tanzania continues to return encouraging gold values for East Africa Gold (VSE). The program is testing the downdip and strike extent of shear-hosted gold minerali…
COMMENTARY — Mining reform and the role of small miners
The World Bank’s recent study of mining in Latin America has concluded that the open-sector policies and open economies currently in place have succeeded in comparison with the nationalistic policies …