FINANCING (March 05, 1990)
ONTARIO Sindor Res — final rec iss offer 2,200,000 @ 50cents per unit to net $1,001,000. VANCOUVER Black Rock Nevada — 800,000 sold for gross $360,000. Fortress Res — opt exerc on 175,000 @ 40cents…
Articles by Northern Miner Staff
Surluga gold mine gets another look
The open pit potential of the mothballed Surluga gold project near Wawa, Ont., is going to be investigated, thanks to a recent agreement signed by Citadel Gold Mines (TSE) and Pan Orvana Resources, a …
Alberta Stock Exchange Kingswood leads again
Kingswood Explorations continued to lead the action on the Alberta Stock Exchange trading almost two million shares during the week ended Feb. 27. It came off sharply over that period, losing 20cents …
Higher gold output boosts Corona earnings in 1989
Earnings of $49.1 million (32cents per share) for 1989 before unusual and extraordinary items were reported by Corona (TSE), compared with restated earnings, before unusual and extraordinary items, of…
Major funding for Plexus Res.
An agreement has been reached between Total Energold (TSE) and Plexus Resources (TSE), whereby Total will subscribe for a private placement of six million common shares of Plexus at $3 per share. The …
Beaufield drilling (March 05, 1990)
A $175,000 drilling program is under way on Beaufield Resources’ (TSE) Lac Rouleau gold property held jointly with 52.5% partner Falconbridge Ltd. in northern Quebec. The property is about 70 miles no…
Gold Commissioner cancels claims next to Eskay Creek
The Chief Gold Commissioner of British Columbia has ordered the cancellation of the DUP 1-3 claims which had been subject to an option agreement between Adrian Resources (VSE) and Paul Dupras and Alex…
Brenda reports $9 million loss
For the year ended Dec. 31, Brenda Mines (TSE) reported a loss of $9.4 million or $1.93 per share on revenue of $49.8 million. That compares with net earnings of $14.6 million or $3 per share on reven…
Coral and Amex cut deal
An agreement has been finalized for the development of the Robertson gold property owned by Coral Gold (TSE). Under the agreement, Amax Gold (NYSE) can earn a 70% interest in the property by spending …
Gold funds as of Feb. 27
MVP BGR Central Capital Net value $12.54% –$6.49% $0.43 Price $11.00% –$6.625% $0.37 Discount 12.28% 2.1%5 –14% Value $74,634,533 $109,330,469 N/A…
Editorial Capital gains should reflect reality
With the wave of a hand Finance Minister Michael Wilson has swept away the Canadian Exploration Incentive Program (CEIP), a system of grants upon which many mineral exploration companies had based the…
Magma’s 1989 results record for company
Despite lower production at its Pinto Valley Division, Arizona- based Magma Copper (NASDAQ) achieved record earnings last year. Magma’s net income for the year ended Dec. 31 was US$58.5 million or US$…