Stewart Lake issues terms of debenture
Stewart Lake Resources (TSE) recently received $500,000 under a Series A Debenture and Warrants issued under a March 12 loan agreement with Trinity Capital Corp. The 5-year debenture bears interest at…
Articles by Northern Miner Staff
Newmont selling stake in coal miner
Newmont Mining’s (NYSE) attempt to reduce its debt by selling non-core assets continued recently when the Denver company agreed to sell its 54.97% stake in Peabody Holding Co. to a U.S. subsidiary of …
Marshall ups stake in Eden Roc to 67%
In return for $1.4 million, Marshall Minerals (ASE) has acquired seven million shares of Eden Roc Mineral (ASE). As a result of the private placement, Marshall now owns a 67% stake in Eden Roc on an u…
Toronto Stock Exchange Earnings picture, dollar take toll on
Uncertainty caused by a slowing economy and rising interest rates continued to take its toll during the week ended April 17 on The Toronto Stock Exchange as the composite 300 index gave up 36.88 point…
Pioneer accepts Placer Dome offer
Pioneer Metals (TSE) recently accepted an offer from a unit of Placer Dome (TSE) to joint venture its Bonito gold-silver property in New Mexico. In order to earn a 60% interest, Placer Dome is require…
Cache drilling at Courville
More encouraging drilling results have been reported by Explorations Cache (ME) from three holes at the Courville gold property northeast of Val d’Or, Que. Cache, which is earning up to a 50% interest…
Correction (April 23, 1990)
A preliminary reserve estimate of 800,000 tons grading 0.177 oz. gold (uncut) and 12.63 oz. silver is reported by Biron Bay Resources (ASE) for the company’s Summit gold project in New Mexico. Incorre…
People (April 23, 1990)
TAYWIN RESOURCES — Larry Reaugh elected a director.
Newspapers popular information source
For the majority of Canadian shareowners, newspapers are the most popular source of investment information, according to a shareownership survey conducted by The Toronto Stock Exchange. The survey, co…
Alberta Stock Exchange BMR sheds 19 cents
Most junior gold stocks remained unchanged or moved slightly lower during the week ended April 17 as the price of bullion remained in a bearish trend. With more drilling planned at its America mine pr…
Executive pay heads skyward when stock options exercised
Despite a year of modest metal and mining share price increases, documents filed with the U.S Securities and Exchange Commission (SEC) indicate that several mining executives are earning compensation …
New president named for Dickenson, Wharf
A new president has been named for Dickenson Mines (TSE) and associated company Wharf Resources (TSE) in the wake of John Kachmar’s resignation and the removal of a number of directors. Kachmar, 53, w…