Santa Fe to list gold subsidiary
Albuquerque, N.M.-based Santa Fe Pacific Gold is planning an initial public offering of 18 million shares at US$13.50-$15.50 per share. Santa Fe is a wholly owned subsidiary of Santa Fe Pacific (NYSE)…
Articles by Northern Miner Staff
Development fund for Latin America
A US$60-million capital development fund is being formed to provide financing to small-to-medium-sized mining companies in Latin America. To be known as the Oroya Mining Development Fund, it will be m…
THE EDITORIAL PAGE — The future of mining
It was quite a sight. At a console, set up in a hall at the Metro Toronto Convention Centre, sat an Inco employee, his eyes fixed on a video monitor in front of him, his hands working the joy sticks o…
ODDS’N’SODS — Mine financing in the 1800s
Most of the mines now abandoned in the hills and mountains of Arizona, as well as those that are a part of open-pit operations, required outside financing to operate. Few miners had the money to opera…
LETTERS TO THE EDITOR — Philippines offers opportunity
Regarding your Commentary titled “Philippine mining struggles” (T.N.M., April 18/94), you failed to highlight the tremendous opportunities that exist because of the current plight of the industry in t…
Adrian to spin off Eskay Creek interest
TSE-listed Adrian Resources has retained Yorkton Securities to arrange the sale of its interest in the Eskay Creek gold project north of Stewart, B.C. As a result of a staking gap, Adrian holds a port…
New Canamin advances Huckleberry to feasibility
Junior New Canamin Resources (VSE) has contracted Kilborn Engineering to carry out a feasibility study of its Huckleberry property near Kemano, B.C. The company is in the midst of a 12,000-metre infil…
Mutual options West African project
VSE-listed Mutual Resources is planning a surface exploration program for its newly optioned gold concession in Burkina Faso, West Africa. The company recently entered an option agreement with Comidok…
Granduc closes financing
Toronto-listed Granduc Mining has completed a previously announced $3.5-million financing with Conwest Exploration (TSE) and Jascan Resources (TSE). Proceeds from the loan will be used to complete Gra…
Government, MAC fund enviro study
The federal government, the Mining Association of Canada (MAC) and four provinces (British Columbia, Ontario, Quebec and New Brunswick) are collaborating in an attempt to identify economical ways to m…
Regional sells Fairfield shares
Junior Regional Resources (TSE) has sold 1.7 million shares of Faifield Minerals (TSE). Proceeds amount to $5 million. Some of the shares were sold under an option agreement for $1.10 per share. An ad…
Threat of layoffs looms over Inco’s workforce
Nickel giant Inco (TSE) is getting tough in global markets by launching a 2-pronged attack — cutting costs to US$2.25 per lb. and expanding operations to raise total output by 20% over the rest of th…