NEWS IN BRIEF (December 26, 1994)
Wrightbar Mines (WRB:ME) has amalgamated with Charlim Explorations (CHO:VSE:ME) to form Lithos (LTS:ME). Wrightbar shareholders will receive one new for two old shares, and Charlim shareholders will r…
Articles by Northern Miner Staff
STOCK MARKETS — Jump in bank rate deals a blow to TSE
A surging bank rate helped take the wind out of the TSE’s sails over the 5-day report period ended Dec. 13. The composite 300 index dropped 35.03 points to close at 4,044.41 as higher interest rates m…
STOCK MARKETS — Trade figures illustrate slump in western
Negative sentiment remains firmly entrenched in western markets, with the Vancouver Stock Exchange resource index posting a 29.21-point decline to 1,161.79 and the composite index falling 10.24 points…
PRODUCER PRICES (December 19, 1994)
ALUMINUM: MW U.S. market US91.5 cents-93.5 per lb. (Dec. 2, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Dec. 2, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994). C…
NEWS IN BRIEF (December 19, 1994)
Goldpark Mines & Investments (GKT:TSE) has changed its name to Goldpark China on a share-for-share basis.
GOLD FUNDS (December 19, 1994)
Gold Funds as of Dec 12 BGR Central Net Value $16.81 $6.36 Price $13.38 6.375 Discount 20.44% Premium 0.2% Value $133,778,000 $115,383,038…
Toronto Stock Exchange Indices (December 19, 1994)
— 1994 — Dec 13 Dec 12 Dec 9 Dec 8 Dec 7 High Low Composite”300″ 4044.41 4045.09 4034.33 4046.57 4079.78 4609.93 3518.31 Metals&Minerals 3894.53 3948.92 3953.73 3960.50 4021.40 4289.04 3273.56 Integ…
Tan Range options Nigel gold mine
Alberta-listed Tan Range Exploration (ASE) has an option to buy the Nigel gold mine in South Africa’s Witwatersrand district. Up to its closure in 1991, the mine produced more than 3.3 million oz. gol…
Princeton expands Similco reserves
A drilling program has boosted the reserve base of the Similco mine project in southwestern British Columbia. Princeton Mining (TSE) says minable reserves at the Ingerbelle deposit have risen to 56.6 …
Francisco augments Mexican holdings
Vancouver-listed Francisco Gold has added to its portfolio of gold-silver projects in Mexico. The junior has agreed to acquire 50.1% of privately owned Goldeneye Explorations for $2 million. Goldeneye…
Platinova financing for zinc project
Toronto-listed Platinova A/S is planning to issue 2 million units, each of which will consist of a Platinova common share and purchase warrant. The unit price will be based on the average price of the…
Placer dropping Gowest option
An option agreement given to Placer Dome (TSE) and covering 2,400 acres in northeastern Ontario will be terminated by Placer, Gowest Amalgamated Resources (ASE) reports. The property adjoins, to the e…