News

Vancouver-based Teck (TSE) has gained the right to participate in future joint ventures with American Gem (TSE). In addition, Teck agreed to buy 1 million shares of American Gem at $5 per share and, i…

Drilling on the Lorraine property in north-central British Columbia continues to return copper-gold intersections. Lysander Gold (VSE) is acquiring a 100% interest by spending $100,000 and issuing 200…

I have been a reader of The Northern Miner since 1928 in Cobalt, Ont., and never thought I would ever see the day when an entire front page (T.N.M., Oct. 31/94) covered only stories of out-of-country …

Base metal markets are brisk in all respects. Smelters and refineries are running flat out, constrained only by their ability to acquire mine feed, and all publicly traded metal prices surged upwards …

Higher silver prices, and consequently higher revenue, helped Sunshine Mining (NYSE) reduce the loss posted for the third quarter of 1994. The company had a net loss of US$2.9 million on revenue of US…

Exploration sampling on United Reef’s (TSE) Bamingui River property in the Central African Republic has significantly expanded the resource of diamond-bearing gravels that were outlined in 1993. Since…

Spot closing prices in $US per tonne Date Nov 15 Nov 14 Nov 11 Nov 10 Nov 9 Copper 2772-2773 2781-2782 2725-2726 2695-2697 2672-2673 Lead 672-673 666.5-667.5 664-665 667-668 664-665 Zinc 1164-1165 116…

Alberta-listed Armada Gold has closed the first of a 2-staged financing, with gross proceeds exceeding $2.1 million. The company issued more than 4.2 million shares priced at 50 cents each in the firs…

— 1994 — Nov 15 Nov 14 Nov 11 Nov 10 Nov 9 High Low Composite”300″ 4168.92 4177.19 4170.68 4179.19 4191.38 4609.93 3518.31 Metals&Minerals 3953.87 3949.45 3906.09 3901.51 3923.05 4289.04 3273.56 Int…

Court action against Anvil Range Mining will be defended, the company says. A merchant banker, Koloshuk Farrugia Corp., launched a $10-million lawsuit against Anvil Range, claiming it had been left ou…

A fire has caused the temperary closure of Newmont Gold’s (NYSE) refractory ore treatment plant near Carlin, Nev. The fire erupted in the electrostatic precipitator. A portion of the plant was undergo…

Responding to the growing demand for nickel in the Far East, Inco (TSE) has decided to expand its production facility in Indonesia. The plan, estimated to cost US$500 million, calls for Inco’s 58%-own…