Sherritt offering
Sherritt Gordon (TSE) has made a public offering of US$200 million aggregate principal amount of 934% notes due April 1, 2003. The underwriter is Goldman, Sachs & Co. Sherritt will use the proceeds pa…
News
PEOPLE — BULLION REEF
Ed Gallagher, Jim Glass and Frank Hogg elected director. N5…
PEOPLE — VENEZUELAN GOLDFIELDS (April 12, 1993)
Ian Telfer appointed president and chief executive officer. N5…
PEOPLE — INTL BLUE SUN
Murray Pezim appointed director and elected chairman of the board. N5…
Republic completes debt restructuring
A debt restructuring undertaken by Republic Goldfields (VSE) and a pair of Canadian banks has occurred. As a result, the company has eliminated its short-term debt and more than 70% of its overall deb…
Major to drill VMS targets
To explore base metal prospects in northwestern Ontario, Major General Resources (VSE) has completed a $750,000 private placement. The junior has an option to earn a 50% interest in five properties th…
Cazador lands funds for BT
A recent private placement enables Cazador Explorations to finish infill drilling on the BT gold deposit near Lynn Lake, Man. The placement totals 571,430 flow-through common shares at 28 cents each p…
St. Jude tests Woco gold vein
Drilling by St. Jude Resources (VSE) on its Earngy Twp. property, 42 miles northeast of Red Lake, Ont., has returned encouraging gold values from the Woco vein. The vein is 1.5 miles south of the old …
Zinc miner Curragh near bankruptcy
A steady decline in zinc prices combined with repercussions from the Westray mine disaster have taken Curragh (TSE) to the brink of bankruptcy. Shortly after suspending production at its Faro lead-zin…
Hope Brook: If at first you don’t succeed . . .
Beyond such factors as grade, mining method and metallurgy, successful mining requires efficient, constant throughput from mine to mill to tailings. In its previous incarnation, under former owners BP…
LaRonde yields high-grade ore
Ongoing exploration of the 20th level of the LaRonde gold mine, near Val d’Or, Que., is yielding encouraging results. Drilling about 3,000 ft. east of the main shaft along the exploration drift, Agnic…
Cambior proposes a rights plan
Shareholders of Cambior (TSE) will vote at the May 6 annual meeting on a rights plan designed to protect them in the event of a hostile takeover bid. Shareholders would be issued rights entitling them…