Cambior offering raises $86 million
The initial public offering of Cambior (TSE) raised the gold producer almost $86 million upon the recent exercise of the warrants, increasing the company’s cash account to about $136 million. Val d’Or…
Articles by Northern Miner Staff
Thunderwood to be operator at Falconbridge gold bet
An amended agreement between partners Thunderwood Resources (TSE) and Falconbridge Ltd. has paved the way for renewed exploration at the Pelletier Lake gold project near Rouyn-Noranda, Que. After a ye…
Wharf completes United Coin deal
The purchase of a $2.1-million note (Series 2) from United Coin Mines (TSE), the final instalment of tranche 2 of a commitment to acquire up to $9.6 million of United’s 11% notes, was recently complet…
Murgold, Chesbar hit new gold zone
A 7,500-ft. drilling program is under way on property in Chester Twp., Ont. by Chesbar Resources (TSE) with a 64% interest and Murgold Resources (TSE) with 36%. The partners say a new gold zone was f…
Mimiska earns in
Mimiska Mining (ME) has earned a 50% interest in the Pyrite Falls project in Labrador. Noranda (TSE) holds the remaining 50%. Gold values have been encountered in wide-spaced drilling completed on a s…
Investors send gold soaring
The price of gold was on a tear upwards and the stock markets in retreat today, Jan. 24. Gold, which spent more than a few months last year below US$400, rallied today in London, where the afternoon f…
Obituary Alexander Pope
Alexander Pope, a long-time resident of the old silver mining camp of Gowganda and a well- known prospector, died Dec. 31 in Englehart, Ont. He was 100 years old. He led an active life in the field we…
PDAC
Members of the New Brunswick Prospectors and Developers Association (NBPDA) will raffle a dore bar at the 58th annual convention of the Prospectors and Developers Association of Canada (PDAC) in Toron…
Lithium Corp. in option deal
The right to earn an interest in a group of mineral properties in the Oxford Lake area of Manitoba has been acquired by The Lithium Corp. of Canada (COATS). Lithium may earn a 50% interest from Norand…
Gold funds as of Jan 23
MVP BGR Central Capital Net value $12.61 $6.33 $0.45 Price $11.50 $6.50 $0.42 Discount 8.80% 2.7% 7% Value $75,106,282.70 $106,636,558 N/A…
Editorial Ready for freedom?
Many politicians of our time are in the habit of laying it down as a self-evident proposition that no people ought to be free till they are fit to use their freedom. The maxim is worthy of the fool in…
Umex sells claims for $500,000
Vancouver-based Major General Resources (VSE) is poised to pick up a large portfolio of exploration properties from Umex, a subsidiary of Belgium-based Union Miniere SA. The two companies recently sig…