Articles by Northern Miner Staff


FINANCING (July 25, 1994)

Rio Narcea Gold Mines, Ltd. — 3,850,000 units, each consisting of a common sh & a one-half of one sh purchas wt @ $1.15 per unit. Trader Resource Corp. — 11,997,000 units to be issued on the exercis…


GOLD FUNDS (July 25, 1994)

Gold Funds as of July 18 BGR Central Net Value $17.06 $6.74 Price $15.25 $7.125 Premium 5.7% Discount 10.60% Value $138,597,000 $128,957,513…


Cameco pushes ahead with second gold mine

Concrete will start pouring later this month on the foundation of Cameco’s (TSE) second gold mill in northern Saskatchewan. Situated in La Ronge Provincial Park, a popular canoeing and fishing area, t…


Miramar mining streamlines Con mine

By world standards, the Con mine is a premier orebody, having produced more than 4.7 million oz. gold since its startup in the 1930s. The property, situated just south of here, was first staked by Com…


METALS PRICES — FREE MARKET (July 25, 1994)

London Metal Exchange Spot closing prices in $US per tonne Date July 19 July 18 July 15 July 14 July 13 Copper 2473-2474 2453.5-2454.5 2470.5-2471.5 2466.5-2467.5 2229-2230 Lead 595.5-596.5 592.5-593….


NEWS IN BRIEF (July 25, 1994)

Levi Developments (LVX:VSE) has changed its name to RIS Resources International (RIZ:VSE) on a 1-new-for-6-old-share basis.




Bre-X encouraged by drill results

Exploration of three projects in Indonesia is yielding encouraging results for Bre-X Minerals (ASE). At the Busang prospect in East Kalimantan (on the island of Borneo), two holes drilled into the Sou…


Positive results at Cross mine

Drilling and channel sampling are continuing at Hendricks Minerals’ (CDN) Cross gold-silver mine near Boulder, Colo. Two undeground and four surface holes have been drilled to test the downdip extensi…


COMMENTARY — Mining opportunities abroad

During the past five years, government policies have made it increasingly unattractive for mining companies to explore for and develop deposits in Canada, according to a brokerage firm based in the Un…


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