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…
Articles by Northern Miner Staff
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.
High taxes, land-tenure uncertainty stunts B.C. mining
High taxation levels and uncertainty surrounding access to land and mineral tenure are stunting the growth of British Columbia’s mining industry, according to a report by Price Waterhouse. For each of…
METALS COMMENTARY — Scrap leads pack as recovery continues
The fast pace of economic activity during the first half of 1994 looks set to continue at least for the balance of the year. In ferrous markets, integrated steel producers are taking all available iro…
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…
OBITUARY — Douglas MacIntyre
The town of Kirkland Lake, Ontario is mourning the death of a valued member of the community. Douglas MacIntyre, president of Alex MacIntyre and Associates Ltd., died at the age of 41 years as a resul…