Caledonia boosts stake in Spanish gold mine
Toronto-listed Caledonia Mining has bought an additional 15.2% interest in the Filon Sur gold mine in Spain for US$1.3 million. This raises to 98.4% the company’s ownership in the project. Since 1988,…
Articles by Northern Miner Staff
NEWS ROUNDUP — Pathfinder jumps for Joy
In addition to acquiring a listing on the Vancouver Stock Exchange, Pathfinder Resources has begun exploring the Joy copper-zinc property near Red Lake, Ont. The junior can earn a 25% stake in the pro…
NEWS ROUNDUP — KRL explores ground in Ontario
Junior KRL Resources (VSE) has begun exploring two Ontario projects. In the Shining Tree area, the junior is drilling three or four large-diameter boreholes under the main showing of the Cooke gold zo…
Noranda funds work in Panama
Reconnaissance silt sampling is set to resume on the Rio Veraguas and Guayabal concessions of Western Keltic Mines (VSE) in Panama. Noranda (TSE) will provide $75,000 towards a $105,000 program aimed …
New mining plans for Keely Frontier
Plans to rework the old Keely Frontier mine in northeastern Ontario for its cobalt are in the works. Transway Capital (CDN) has entered into an agreement with Sassoon Metals of Switzerland to raise $5…
NEWS ROUNDUP — Echo Bay buys Etruscan shares
Denver-based Echo Bay Mines (TSE) intends to buy 192,308 common shares of Etruscan Enterprises (VSE) at $2.60 per share. Proceeds of $500,000 will be used by Etruscan to explore the Koma Bangou gold p…
Ecudor drilling at McWatters property
A 40-hole, 3,000-ft. drilling program at the McWatters gold project near Rouyn-Noranda, Que., is near completion. Societe Miniere Ecudor (ME) says more than 80% of the holes drilled to date intersecte…
METAL PRICES — FREE MARKET (January 30, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Jan. 24 Jan. 23 Jan. 20 Jan. 19 Jan. 18 Copper 3044.5-3045.5 3032-3033 3050-3051 3055-3056 2973-2976 Lead 687-688 692-693 689.5-690.5 67…
STOCK MARKETS — TSE market sell-off continues to smart
A host of negative factors — continued downward pressure on the Canadian dollar, threats of inflation, higher interest rates and weaker markets in New York and Tokyo — took its toll on the Toronto S…
PRODUCER PRICES (January 30, 1995)
ALUMINUM: MW U.S. market US97.5 cents-98.5 per lb. (Jan. 13, 1995). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Dec. 2, 1994). BISMUTH: MW New York dealer US$3.90-4.10 per lb. (Dec. 23, 1994). …
Spot prices at a glance (January 30, 1995)
Week’s Price (US) Change Gold* $381.70 – $0.30 Silver* $4.81 – $0.09 Platinum* $417.90 – $0.35 Nickel** $4.68 + $0.22 Lead** $0.31 + $0.01 Copper $1.39 + $0.01 Zinc $0.54 $0.00 Courtesy of Scotiabank….
VenCan options Honduran concessions
In a deal reached with a Honduran company, VenCan Gold (ME) can acquire four concessions hosting gold and silver mineralization. The junior can do so by acquiring all the outstanding shares of Compani…