U.S. REPORT — Cons. Nevada boosts production
Denver-based Consolidated Nevada Goldfields (TSE) increased its production and lowered its costs during the fiscal year ended June 30. Production from its two gold mines reached 28,132 oz. in 1992, up…
Articles by Northern Miner Staff
Garden Lake to issue shares
A placement of 600,000 units at 23 cents each has been announced by Garden Lake Resources (VSE). Each unit consists of one common share and one-half warrant. Redemption of one warrant plus 30 cents on…
Mt. Grant completes private placement
Mt. Grant Mines (VSE) reports the successful completion of a private placement of 500,000 units grossing $750,000. Brokerage house Yorkton Securities was paid a 7% commission consisting of 35,000 unit…
Sikaman’s Goldenrae plant in Ghana set to produce
A new process plant for the Goldenrae gold mining project in Ghana, West Africa, is in operation, Sikaman Gold Resources (TSE) reports. The company says the contractor, IHC of Holland, is to complete …
Western Quebec raises $600,000
To increase working capital, Western Quebec Mines (TSE) has arranged a private placement with four investors for proceeds of $600,0000. The placement consists of 15-month promissory notes at 9% and 24…
Jennings bullish on Point Lake
Using figures released by BHP Minerals Canada and Dia Met Minerals (VSE), Christopher Jennings, president of SouthernEra Resources (TSE), estimates that the Point Lake kimberlite in the Northwest Terr…
Fiedmont plans reorganization
A special meeting of Fiedmont Resources’ (CDN) shareholders has been called for Nov. 2, in order to approve a reorganization of the company. Fiedmont will no longer be involved in mineral exploration….
INSIDER TRADING — Aber insiders on sell side
Some insiders of diamond explorer Aber Resources (TSE) have been active sellers of late. Judith Barker, wife of insider Lee Barker, sold 5,800 shares in July and August for $1.60-1.90 to hold none. Hi…
LATIN AMERICA ROUNDUP — Mahogany, Lily option Chilean mine
International Mahogany (TSE) and parent North Lily Mining (NASDAQ) have formed a joint venture with the owner of the Santa Rosa copper mine in northern Chile. The Santa Rosa mine, within four kilometr…
LATIN AMERICA ROUNDUP — Dakota plans Andes pilot project
A letter of intent to develop ore reserves in the Andes has been entered into by Dakota Resources (ASE), through its Barbados subsidiary, with an unnamed South American producer of commercial iodine. …
LATIN AMERICA ROUNDUP — Even commences Chilean program
An exploration program is under way at the Inca de Oro gold project in northern Chile, Even Resources (VSE) reports. Initial work will include surveying and check sampling of the existing underground …
Menora completes private placement
A private placement of 1,125,000 units has netted Menora Resources (ME) $450,000. Each 40 cents unit consists of one share and one warrant. Redemption of two warrants plus 80 cents on or before April …