Falconbridge ups Collahuasi interest
Collahuasi partner Shell Petroleum will sell its one-third interest in the copper deposit in Chile to Falconbridge (TSE) and Minorco for about US$19 million. The two partners will each end up holding …
News
EXPLORATION ’95 — Allegheny Mines active in northwestern
A former gold producer and three other properties west of Thunder Bay, Ont., are undergoing exploration by Allegheny Mines (ASE). The contiguous properties comprise 23.5 square miles and are 5.5 miles…
EXPLORATION ’95 — Granges and Atlas ponder exploration
The boards of Granges (TSE) and its 50.5% subsidiary, Hycroft Resources & Development (TSE), have approved an amalgamation of the companies, subject to regulatory and shareholder approvals. The propos…
PRODUCER PRICES (March 06, 1995)
ALUMINUM: MW U.S. market US94.5-96.5 per lb. (Feb. 3, 1995). ANTIMONY: MW New York dealer US$2.40-2.50 per lb. (Jan. 27, 1995). BISMUTH: MW New York dealer US$3.80-4.00 per lb. (Jan. 20, 1995). CADMIU…
Toronto Stock Exchange Indices (March 06, 1995)
— 1995 — Feb 28 Feb 27 Feb 24 Feb 23 Feb 22 High Low Composite”300′ 4124.81 4094.12 4120.11 4143.12 4121.10 4196.41 3983.34 Metals&Minerals 3869.62 3920.98 3963.62 3967.26 3955.74 4337.89 3273.56 In…
Southern Peru defers offering
Peruvian copper producer Southern Peru Copper has deferred the public offering of its common stock. The planned offering was a secondary offering by three of the company’s shareholders. Southern Peru …
EDITORIAL PAGE — A milestone for The Miner
This issue of The Northern Miner marks the first in our 81st year of weekly publication. It also marks another milestone, the opening of a new editorial bureau in Denver, Colorado, and the launch of T…
Correction (March 06, 1995)
Vancouver-based Ariel Resources (TSE) reported a net profit of US$180,000, or US0.019 cents a share. Incorrect information appeared in our issue of Feb. 20.
STOCK MARKETS — Budget buzz triggers rally on the TSE
A positive response to the recent federal budget led the Toronto Stock Exchange to post a moderate gain over the 5-day reporting period ended Feb. 28. The composite 300 index jumped 22.96 points to cl…
New gold discovery in Chile
Several gold zones were recently discovered by Arauco Resources (VSE) on its wholly owned properties in south Chile. The junior says all 149 samples, taken over two-metre intervals from zones A and B,…
NEWS IN BRIEF (March 06, 1995)
Consolidated Bonanza Metals (CZT:ASE) has changed its name to Mincor Resources (CZT:ASE) on a share-for-share basis.
EXPLORATION ’95 — Cominco Res. commences construction at
Construction is under way at the Mariquita copper project near Cananea in Mexico’s Sonora state. The project is held by a Mexican company which is owned 49% by Cominco Resources International (TSE) an…