Spot prices at a glance (May 29, 1995)
Wednesday, May 24Week’sPrice (US)ChangeGold*$382.90-$0.50Silver*$5.40+$0.02Platinum*$431.75+$3.10Nickel**$3.43+$0.12Lead**$0.28+$0.01Copper$1.29+$0.03Zinc$0.47 $0.00Courte…
Articles by Northern Miner Staff
EDITORIAL PAGE — A catalyst for change
The Voisey Bay nickel-copper-cobalt project has sparked the largest staking rush ever seen in Atlantic Canada, with more than 100,000 claims registered in Labrador since the discovery was announced la…
Companies (May 29, 1995)
Aber Akiko GoldAltaiAmax GoldAshton Mng CanAurAurizonBarrick GoldCaledoniaCamphor VCanyonChampionChannelConquistdr Cons SamrkdContl PacfcDiamnd FldsEcho BayElectra MngFalcon…
Exall closes rights offering
After having sold 2.5 million units, Exall Resources (TSE) has closed its rights offering.Proceeds from the units, which consisted of one common share and one-half share purchase warrant, totalled $1….
Westmin Resources returns to profitability at Myra Falls
The first quarter of 1995 marked a return to profitability for Westmin Resources (TSE).The company earned $5.25 million on revenue of $31 million during the period. Cashflow from operations jumped to …
Belore exits United Reef joint venture
Unable to raise additional capital, Belore Mines (ASE) has terminated a joint-venture agreement with United Reef (TSE)concerning two alluvial diamond properties in the Central African Republic.The com…
Princeton ups Elenita resource
The Elenita oxide copper project in northern Chile is nowestimated to contain an in situ resource of 9.1 million tonnes grading 1.57% copper.Owner Princeton Mining (TSE) arrived at the estimate after …
Adrian makes new discoveries
Drilling on the Petaquilla concession in Panama is turning up some new discoveries for Adrian Resources (TSE).In the Nada area, the company is outlining a semi-massivesulphide zone with values of up t…
Cambior expands Omai gold mine
Definition drilling has enabled Cambior (TSE) and Golden Star Resources (TSE) to boost proven and probable reserves by 13.9 million grams at the Omai gold mine in Guyana.The new material, consisting o…
FACTS & FIGURES — Deferred taxes — debunking myths
The Canadian media have, of late, focused attention on deferred taxes. Special interest groups and political organizations out to criticize spending cuts have targeted deferred tax balances as an exam…
PEOPLE — GRANGES (May 22, 1995)
Paul Wright appointed vice-president of operations and project development.
Gold mining industry report points to worrisome trend
The growth experienced in the U.S. gold mining industry during the 1980s and early 1990s has levelled off, with the rate of production now reported at just under 11 million oz. per year.Significant in…