Gold sales strengthen Cameco’s bottom line
Despite low prices for both uranium and gold, Cameco (CCO-T) posted solid earnings for the first quarter.Net earnings for the 3-month period ended March 31 increased to $18 million (or 31cents per sha…
News
Laramide buys Mexican lead property
Toronto-based Laramide Resources (LAM-T) has completed the first stage of its acquisition of the Bilbao base metal property in Mexico’s Zacatecas state.The junior has made the first $250,000 payment t…
COMMENTARY — Medicinal silver
One dose of silver oxide may prolong the life of terminally ill patients stricken with acquired immune deficiency syndrome (AIDS), according to a study conducted at a clinic in Central America. The tr…
Great Basin seeks funds for Nevada properties
Great Basin Gold (GBG-V) has arranged a $5-million financing with First Marathon Securities and Nesbitt Burns.The money will be raised through the sale of 2.5 million special warrants priced at $2 per…
Quaterra acquiring Sonora ground from Kennecott
With an eye toward acquiring exploration properties in northwestern Mexico, Quaterra Resources (GTA-V) has closed a brokered private placement of 3 million units priced at 19cents each. The transactio…
Companies (May 18, 1998)
Abacus MineralsAber ResourcesAdrian ResourcesAlberta EnergyAnglo AmericanAnglogoldAshanti GoldfieldsAshton Mining of CanadaAur ResourcesAurado ExplorationAurizon MinesBarrick GoldBattle Mountain Canad…
Winspear unable to locate Snap Lake feeder
Despite having completed a $3.2-million winter diamond exploration program in the Northwest Territories, Winspear Resources (WSP-V) has yet to ferret out a feeder system at Snap Lake.The bulk of the 6…
Meetings (May 18, 1998)
May 19, Caesars GoldMay 19, CampbellMay 19, DenburyMay 19, GoldbeltMay 19, Silver StandardMay 19, SummitMay 20, Athabaska GoldMay 20, Black MountainMay 20, Blue BirdMay 20, Canadian ShieldMay 20, Cork…
NEWS IN BRIEF (May 18, 1998)
Penn-Gold Resources (PNB-V) has changed its name to Moreno Ventures (MRV-V) on a 1-new-for-13-old-share basis.May 18-20 Geological Association of Canada, Mineralogical Association of Canada & Associat…
Oil woes cut into Denison profit — Construction decision imminent for McClean Lake plant
Denison Mines (DEN-T) attributes a drop in first-quarter revenue to a 33% reduction in the price of crude oil produced at the company’s Prinos offshore oil fields in Greece.Compounding the price drop …
ODDS ‘N’ SODS — Remembering Harry Warren
As an ex-student of Dr. Harry Warren, I read his recent obituary in The Northern Miner with nostalgic memories of my old mineralogy professor and mentor. This man probably had more influence on the co…
Madison raises $10 million for Papua New Guinea exploration
Madison Enterprises (MNP-V) has arranged a bought-deal private placement with Yorkton Securities to generate gross proceeds of $10 million.The investment dealer has agreed to purchase just under 5.3 m…