Bema converts debt to equity
By converting its debt to equity, Bema Gold (TSE) significantly improved its financial position in 1993. Convertible debentures totaling $15.8 million were swapped for equity, and a further 1.1 millio…
Articles by Northern Miner Staff
LATIN AMERICA ROUNDUP — Nordic options Mexican properties
Having opened an office in Sonora, Nordic Gold (ASE) intends to begin exploration work in compliance with option agreements for three properties in the Mexican state. Oro Verde, El Taco and La Mexican…
Barrick interested in Bre-X
A junior searching for gold and base metal projects in Indonesia has caught the eye of one of North America’s largest gold mining companies. In a written proposal, American Barrick Resources (TSE) has…
PEOPLE — GOLDEN RAINBOW RESOURCES
Timothy Ryan appointed president and director; L. Hendry appointed director.
First KWG pour from Granada
The first gold brick was poured this month from 3,680 tons of material from the Granada property near Rouyn-Noranda, Que. KWG Resources (ME), which has been custom-milling ore from the No. 1 zone, pla…
NEWS ROUNDUP — Habsburg ends dispute
All claims against Habsburg Resources (VSE) made by Resell Mining (VSE) and Panther Mines (VSE) have been settled. The claims stem from outstanding advance royalty payments left in arrears by the prev…
10 (January 31, 1994)
Two officers of Western Quebec Mines (TSE) bought shares in December. According to the Ontario Securities Commission’s OSC Bulletin of Jan. 7 and 14, officer and director Murray Pollitt exercised 60,0…
Cuban contracts for Scintrex
Airborne and other exploration-related services for mining companies active in Cuba will be carried out by Scintrex of Concord, Ont., under a joint-venture agreement with Geominera, a Cuban government…
ODDS’N’SODS — Prospecting, 1990s style (2)
The author concludes his story of his prospecting trip to northern Ontario last spring. Dusk was falling rapidly and it was starting to rain. I hastily carried my bags about 35 yards from the tracks i…
Rayrock increases minable reserves
Drilling at three Nevada gold mines has almost doubled minable reserves for Rayrock Yellowknife Resources (TSE). The estimate has increased to more than 1 million oz. from 593,000 oz. at year-end 1992…
M.I.M. selling Granges stake
Australian-based M.I.M. Holdings has notified Granges (TSE) that it intends to sell all of its 12.7 million common shares of the company. The shares will be sold for not less than $4 per share, or on …
Nebex expands its exploration base
With an expanded gold and base metal property in New Brunswick and three gold concessions in the Northwest Territories, Nebex Resources (ASE) is preparing for a busy spring and summer. The company rec…