Gold Funds (April 24, 1995)
Gold Funds as of Apr. 18BGRCentralNet Value$17.12$6.74Price$14.63$7.00Discount14.57%Premium3.9%Value$133,841,000$126,695,100…
Articles by Northern Miner Staff
Cumberland, Comaplex focus on three Meadowbank targets
Drilling is under way at the Meadowbank gold project 60 miles north of Baker Lake, N.W.T.The property is owned 60% by Cumberland Resources (VSE) and 40% by Comaplex Minerals (TSE).The partners are con…
Fatal accident at Rabbit Lake
A worker was killed underground recently after being struck by a truck at the Eagle Point uranium mine on the Rabbit Lake site in northern Saskatchewan.Cameco (TSE) reports that the man, whose name wa…
Shares of BYG listed on TSE
Working to bring its Mt. Nansen gold project in the Yukon into production, BYG Natural Resources recently began trading on the Toronto Stock Exchange.The company completed a positive feasibility study…
Companies (April 24, 1995)
AberAmcorp IndAsarcoAshtonAthabaskaAurexBard SilvBarrickBattle MtnBlack Swan GBre-XBYG NatCamecoCanabravaCanmineComaplexComincoCons RamrodCons TrilogyCrown ResCumberlandDiamond FieldsE…
SEC lists broker compensation procedures
In an effort to reduce conflicts of interest between brokers and investors, the U.S. Securities and Exchange Commission (SEC) in Washington has unveiled a report highlighting “best practices” that bro…
Royal Oak moves to buy El Condor
Gold producer Royal Oak Mines (TSE) intends to acquire El Condor Resources (VSE) for about $95 million.El Condor’s principal asset is a 60% interest in the Kemess South gold-copper deposit in north-ce…
Commentary — Public holidays and mining
The Chamber and its members have registered strong disapproval of the state’s action to increase the number of national public holidays to 12 days, noting that this will incur significant costs in the…
Pegasus completes offering in takeover bid for Zapopan
In a takeover bid for the outstanding portion of its Australian subsidiary, Pegasus Gold (TSE) has completed a US$100-million offering in convertible subordinated notes.The notes, due in April, 2002, …
Metal Prices — FREE MARKET (April 24, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateApril 18April 17April 14April 13April 12Copper2927-2929N/AN/A2932-29332942-2943Lead604-605N/AN/A597-598602.5-603.5Zinc1055-…
Higher prices help Inco boost quarterly earnings
Positive first-quarter results reflect mainly higher metals prices and increased deliveries of nickel, copper and precious metals, together with significantly improved results in the alloys and engine…
Nebex outlines sulphide zone at Canso Landing
Alberta-listed Nebex Resources has outlined a zone of high-grade massive sulphide mineralization at its Canoe Landing Lake property near Bathurst, N.B.The indicated reserve, based on results from a 13…