FINANCING (March 26, 1990)
VANCOUVER Eurogold Res — gross proceeds rec $225,000. Ticker Tape — 600,000 offered @ 57 cents per unit. Pioneer Northern — 600,000 offered @ 40 cents per sh.
Articles by Northern Miner Staff
Highland Valley wins top safety award
The Highland Valley copper mine near Kamloops was honored during the Mining Week in British Columbia for having achieved the highest standard of job safety performance in a British Columbia mine durin…
News in Brief (March 26, 1990)
Prime Resources Corp. has changed its name to Prime Resources Group Inc. (PRU:VSE) on a 1-new-for-2.25-old-share basis. Transfer agent is Central Guaranty Trust Co.
Canamax ups output despite 1989 losses
Even though Canamax Resources (TSE) succeeded in almost tripling its annual gold production last year, the Vancouver-based company couldn’t quite break into the black. Canamax reported a net loss of $…
Ennex set to study Scottish gold bet
Northgate Exploration’s (TSE) 33% owned affiliate Ennex International is moving one step closer to bringing Scotland’s first gold mine into production by 1991. Dublin-based Ennex says it has commissio…
De Beers changing corporate structure
Major diamond dealer De Beers of South Africa is restructuring so as to separate its domestic and foreign activities. The old De Beers will handle the South African business while a new Swiss company,…
Bridger achieves production at Chilean mine
Initial production has been achieved at the Pepa gold mine in the Maricunga district of Chile. The mine is operated by Compania Minera Horus Limitada, a 65% owned subsidiary of Bridger Resources (VSE)…
High Frontier acquires Utah gold project
A mineral prospect in Utah reported to have potential for a “Carlin-type” gold deposit has attracted the interest of High Frontier Resources (VSE). The junior recently acquired the Washington Dome pro…
Amax earnings down but still strong
While a shift in emphasis to aluminum from molybdenum production continues to pay off for New York-based resource giant Amax (TSE), the company’s earnings were down from last year’s record levels. Ama…
Tight global supplies send price of lead spiralling in London
The spot price of lead on the London Metal Exchange (LME) recently surged to US55 cents per lb. in response to tight metal supplies around the world. Production disruptions and low stocks on the LME h…
Redfern, Cumberland drilling disappoints
A $300,000 exploration program funded by Redfern Resources (TSE) and Cumberland Resources (VSE) returned only low grade zinc and copper values from the Prairie River-Marlhill property near Terrace Bay…
Tenajon, Westmin reach new agreement
The postponed agreement between Westmin Resources (TSE) and Tenajon Resources (TSE) for developing the SB gold-silver property near Stewart, B.C., is back on track. The two companies recently announce…