Chutine placement for Mexico project
Toronto-based Chutine Resources (VSE) recently entered into two private placement agreements to raise $2.4 million for exploration on a 7,000-acre gold/copper property in Mexico’s Sonora Province. The…
Articles by Northern Miner Staff
Tangier expenses put Coxheath in the red
Attempts to bring their Tangier mine in Nova Scotia back into production have cost Coxheath Gold Holdings (TSE) dearly, sending the company deep into the red for the year ended Sept. 30. Coxheath repo…
Cominco Resources warrants to raise $29 million
Through the exercise of warrants, Cominco Resources International (TSE) is expecting to receive proceeds of about $29 million to fund ongoing work on its major projects. These will include the Quebrad…
Wisconsin project will be financed by Placer
By spending US$500,000, Placer Dome (TSE) will earn a 70% interest in a 4,117-acre property jointly owned by Quote Resources (VSE) and Pelangio- Larder Mines (COATS), in Enterprise Twp., Wis. The thre…
Rio Algom uses solution mining at three projects
In its bid to develop low-cost and efficient mining processes for the future, Rio Algom (TSE) has three projects under way that make use of innovative techniques such as solution mining and in situ le…
Letters to the Editor Giauque staked Discovery claims
I thoroughly enjoyed the 75th Anniversary issue of The Northern Miner. Concerning “The dirty ’30s” article by Frank Kaplan and the reference to Jerry Byrne and the Discovery mine, I’d like to mention …
FUTURES PRICES (April 16, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Apr 121.25 120.00 121.00 — 6.40 May 119.50 116.75 119.35 — 5.50 Jul 112.60 110.00 112.35 SILVER (in US cents pe…
Muscocho group set to approve Echo Bay deal
Shareholders of related companies Muscocho Explorations (TSE), Flanagan McAdam Resources (TSE) and McNellen Resources (TSE) are expected to approve an important restructuring and financing agreement t…
Curragh to sell subordinate shares
Privately owned Curragh Resources — the western world’s sixth largest producer of zinc and lead concentrates — has filed a preliminary prospectus for its first public offering of nine million shares…
Drill results boost Windarra
Drill results from the Preview Lake property, 80 miles northeast of La Ronge, Sask., has sparked a 19 cents increase in the price of Windarra Minerals (TSE) shares. Windarra, which holds a 20% stake i…
Reduced offshore sales hurt Potash Corp. earnings in ’89
In its first year as a public company, Potash Corp. of Saskatchewan said its earnings and revenues were affected by a drop in offshore sales and a stronger Canadian dollar. The former Crown company re…
LAC continues to work adjacent Queenston ground
Queenston Mining’s (TSE) Kirkland Lake West ground adjacent to the Macassa mine, a target of underground exploration through an agreement with LAC Minerals (TSE), has not yielded economic gold mineral…