St. Andrew completes offering
A total of 12.6 million shares will be issued following the completion of a rights offering by St. Andrew Goldfields (TSE). The offering is expected to generate proceeds of $2.5 million.St. Andrew wil…
Articles by Northern Miner Staff
GeoNova picks up African property
Montreal-listed GeoNova Explorations has acquired an exploration concession in Burkina Faso which hosts three gold showings.The junior will be permitted to explore the 484-sq.-km Titao concession for …
Greenstone ups stake in project
Greenstone Resources (TSE) can increase its interest in the San Andres gold project in Honduras to 92% from 81.75%.The company began acquiring an interest in the project in February, 1994, since which…
Falconbridge grows despite production snags at Sudbury
Production problems at the Sudbury operations of Falconbridge (TSE) have not impaired the company’s year-over-year increases in earnings and revenues.Earnings for the second quarter amounted to $72.3 …
New agreement at CCR refinery
Unionized workers at Noranda Metallurgy’s CCR refinery voted 86% in favor of accepting the terms of a new collective agreement.The agreement, which expires in May of 1998, calls for a 2% increase in t…
PEOPLE — VANCOUVER STOCK EXCHANGE — Michael Johnson appointed president and chief executive officer.
PEOPLE — UNITED KENO HILL MINES — Frederick Sveinson appointed president and chief operating officer.
GOLD FUNDS (July 31, 1995)
Gold Funds as of July 25BGRCentralNet Value$18.12$6.617Price$14.13$6.50Discount22.06%1.7%Value$141,696,000$117,645,450…
Drilling at Midas adding lustre to royalty sisters
A second phase of drilling is being completed by Franco-Nevada Mining (TSE) and Euro-Nevada Mining (TSE) on their 22,000-acre Midas gold property in northern Nevada.For the past three years, the compa…
ODDS’N’SODS — A hairbreadth ‘scape down Mexico way
Along with a great many other miners who have turned towards Latin America, I had the opportunity of working in Mexico last year.I have worked in, or visited, many of the famous old mining camps of ye…
Noranda to buy shares of BM&S
A transaction valued at about $225 million will enable Noranda (TSE) to acquire all the publicly held shares of its 63%-owned subsidiary, Brunswick Mining & Smelting (TSE).Noranda will issue half a No…
DIAMOND NEWS ROUNDUP — BHP, Dia Met inching towards production
The recent submission of an environmental impact statement by partners BHP Diamonds (a subsidiary of BHP Minerals) and Dia Met Minerals (TSE) sets in motion the permitting process for what could be No…