Agnico raises US$44 million
Gold miner Agnico-Eagle Mines (TSE) expects to raise US$43.9 million through a public offering of 4.25 million common shares at US$11 per share. The offering is being made in the U.S., Canada and Euro…
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Repadre warrants
Midland Walwyn Capital and Canaccord Capital will acquire six million special warrants of Repadre Capital (VSE) at $3 per warrant, to raise a total of $18 million. The underwriters have the option to …
Inco options Wilanour’s Red Lake play
Nickel giant Inco (TSE) can earn a 50% interest in four of Wilanour Resources’ (TSE) properties near Red Lake, Ont. Three of the properties — Wolf Bay, Slate Bay and Trout Bay — are base metal plays…
NEWS ROUNDUP — Thunderwood, First Cdn. in Ungava
Alberta-listed Tusk Resources has optioned its nickel-platinum prospect, in the Ungava region of northern Quebec, to Thunderwood Resources (TSE) and First Canadian Gold (CDN). Tusk will receive a cash…
NEWS ROUNDUP — Orco raises Donalda funding
Proceeds from a $1-million placement with private investors are financing a 20,000-tonne bulk sample at the Donalda gold project at Rouyn-Noranda, Que., Orco Resources (ME) reports. Bulk-sampling bega…
NEWS ROUNDUP — International Prism in Yukon
With the Yukon purportedly “open for business,” International Prism Explorations (VSE) intends to acquire a 48-claim block at Dolores Creek. To do so, according to a signed letter of intent, it must s…
NEWS ROUNDUP — Kingswood now controlling Acadia
Toronto-based junior Kingswood Resources (ASE) has acquired a 51% interest in Acadia Mineral Ventures (TSE) from Hecla Mining (NYSE). In exchange for the controlling interest, Hecla received $350,000 …
ODDS’N’SODS — Arctic site once inhabited
To the untrained eye, the Tasiariluk site on Little Cornwallis Island, N.W.T., does not represent an imposing spectacle. Its only distinguishing feature seems to be a few small patches of sparse veget…
Gignac to chair MAC
Louis Gignac, chief executive officer of Cambior (TSE), has been elected chairman of the Mining Association of Canada (MAC). He replaces Placer Dome’s Anthony Petrina who recently retired. In his open…
Geoscience Centre opens in Ottawa
The ribbon has been cut at the Canadian Geoscience Information Centre (CGIC) in Ottawa. The new centre is an amalgamation of the Geological Survey of Canada (GSC) library (including the map, geophysic…
Asarco’s Immel nets safety award
The Immel zinc mine of Asarco (NYSE) in Tennessee has won an underground safety award. The 1992 Sentinels of Safety award was presented to the company by the American Mining Congress and its co-sponso…
BOOK REVIEW — Overview of Argentina’s potential
Argentina — An Overview for Precious and Base Metal Mining Executives, by Balfour Holdings, 3891 East Irwin Place, Littleton, Colo. 80122, USA. US$1,500. (Colorado residents, add 3.8% sales tax.) Arg…