Toronto-listed Horsham has completed a 25-year debt financing with gross proceeds of US$550 million. The debentures will carry an interest rate of 3.25% and be indexed to the common share price of ass…
Under an agreement with Guinean government, Cyprus Amax Minerals (NYSE) can explore for gold in the region known as Mandiana Prefecture. The area has an extensive gold mining history, with some deposi…
Diamond explorer SouthernEra (TSE) has completed a private placement of 1.4 million units to a group of European investors. Each unit consists of one common share and one half-share purchase warrant a…
Pegasus Gold (TSE) has been given a 3-month extension to complete a due diligence review of its proposed alliance with Goldbelt Resources (VSE). In mid-September, it was announced Pegasus would inject…
A gold discovery by Homestake Mining (NYSE) has triggered a staking rush in the southern portion of the Battle Mountain-Eureka trend in eastern Nevada. A recent hole drilled by the major encountered 0…
The impact of Latin American mining on Canada will be the subject of an address by Sir Ian MacGregor at the Dec. 16 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and P…
London Metal Exchange Spot closing prices in $US per tonne Date Dec. 7 Dec. 6 Dec. 3 Dec. 2 Dec. 1 Copper 1678-1679 1671-1672 1656-1657 1665-1666 1643-1644 Lead 447-448 443-444 433-434 431-432 430-431…
Drilling at the Tulsequah Chief and Big Bull projects in northwestern British Columbia has finished for the year. The result, says Redfern Resources (TSE), is that the potential of Big Bull has been c…
Alberta-listed Monk Gold & Resources has acquired from DSE Resources a 27% interest in a placer gold operation in Western Argentina. Monk will acquire its stake in the Cerro Mayal project for $3.2 mil…
A second phase of drilling is planned for the Hand-Me-Down property in Nevada’s Crescent Valley. Gold Giant Minerals (VSE) and Pan-Global Enterprises (VSE) are earning a 49% interest from Hemlo Gold M…
Black Hill Minerals has bought a half interest in Teranov Mining and can buy the other half from owner Princeton Mining (TSE) on or before Dec. 1, 1994. In return for the initial half interest, Black …
Drilling has resumed at Deak Resource’s (TSE) Kerr mine property in Virginiatown, east of Kirkland Lake, Ont. Two underground drills are on site and a third, surface, drill will be added shortly. Proj…
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