Geomaque raises $7.3m, eyes Midas Gold
Geomaque Explorations (GEO-T) has raised $7.3 million via a brokered private placement of 130.7 million subscription receipts priced at 5.5 apiece, plus 2.5 million receipts at 6 each, for company i…
Articles by Northern Miner Staff
Private placements — good, bad or neutral?
Private Placements can either be good or bad for a stock.Companies often need a rush of new money for many purposes. Maybe they aren’t earning enough to meet expenses, or maybe they need a big chunk o…
The Northern Miner Indices (June 16, 2003)
North American Mining: 72.34 (+1.59)Small Producers: 66.93 (+2.22)(Sept. 30/98 = 100)…
LME Warehouse Levels (June 16, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 10 (change from June 3 in brackets):MetalStock(tonnes)ChangeAluminium1126225(-71…
Gammon scores at Northeast Ocampo (June 16, 2003)
Gammon Lake Resources (GAM-T) has reported a new gold resource at its wholly owned Northeast Ocampo project in Mexico’s Chihuahua state.The new resource, audited by Pincock Allen & Holt, consists of u…
Strike could affect nickel price
The contract of hourly paid workers at two Inco installations in Ontario is about to expire, and concerns are growing that a strike could send already-high nickel prices through the roof.Members of th…
Globex heads to Honduras
Playing against type, Abitibi explorer Globex Mining Enterprises (GMX-T) has staked a property covering a series of gold showings in the southern department of Valle in Honduras.The property covers a …
Markham vehicle cease-traded
The British Columbia Securities Commission has placed a permanent cease-trade order on the shares of American Gold Mining, which had been promoted by Ronald Markham.Markham, who the commission says is…
MIM shareholders give Xstrata offer the nod
Shareholders of Australian-based M.I.M. Holdings have approved a A$4.9-billion cash-and-debt takeover offer by Anglo-Swiss rival Xstrata.The world’s fourth-largest coal exporter received the support o…
Nevada Star kicks off geophysics at Man property
Vancouver –Nevada Star Resource (NEV-V) has started a ground geophysical survey on its 100% owned Dunite Hill project in Alaska.The MAN project is situated in east-central Alaska, south of Fairbanks …
Glamis breaks ground at El Sauzal in Mexico
Full-scale construction is under way at Glamis Gold’s (GLG-T) El Sauzal project in Mexico’s Chihuahua state.The change-of-land-use permit authorizing construction and operation of El Sauzal followed t…
Pound foolishness
A British Broadcasting Corporation report in mid-May said the country’s chancellor of the exchequer, Gordon Brown, had decided the United Kingdom was “not ready” to accept the euro as its national cur…