Namdeb’s ships coming in
Watched critically by the sabre-horned gemsbok antelopes that wander casually through this town, Namdeb Diamond and its predecessors have turned a desolate shoreline into Namibia’s biggest moneymaker….
News
Western Copper agrees to a $3-million loan from Teck
A previously announced $5-million financing with Canaccord Capital has been terminated by mutual consent and, instead, Western Copper Holdings (WTC-T) has arranged for a loan of up to $3 million with …
CORRECTION (March 30, 1998)
In the March 16-22 issue of The Northern Miner, the reserve estimate for the El Sauzal gold project of Francisco Gold (FGX-V) should have read 47 million tonnes averaging 3.22 grams gold per tonne.
International Curator closes financing
International Curator Resources (IC-T) has closed a private placement of 3 million shares at 84 per share, for gross proceeds of $2.5 million.The net proceeds will be used to fund the ongoing feasibi…
Boreal explores Nevada gold property
Quebec-based Boreal Exploration (BOR-M) has signed an agreement with a private company to acquire the Gold Hill gold property in northern Nye Cty., Nev.The 1,200-ha property was the site of small-scal…
Sahelian fires up Poura gold mine
Having successfully revived the past-producing Poura underground mine, owner Sahelian Goldfields (SHGI-C) has joined the ranks of gold producers and re-established Burkina Faso as a gold-producing nat…
Jaba completes $208,000 financing
Jaba (jba-a) has close a non-brokered private placement worth $208,000.A total of 1.04 million units at a price of 20 per unit were issued. Each unit consists of one common share and one share purcha…
South Crofty closes tin mine
The South Crofty tin mine in England’s famous Cornwall mining district is now closed for business.South Crofty Holdings (SFH-T) and various other parties tried to secure a long-term future for the min…
Gibraltar mine axed by Boliden
New bedfellows Boliden (BOL-T) and Westmin Resources (WMI-T) have decided to cease perations at the Gibraltar copper mine, in south-central British Columbia, by the end of 1998.The decision to suspend…
Strong performance for Iamgold
A strong performance by its 38%-owned Sadiola Hill gold mine in Mali, West Africa, propelled Iamgold (IMG-T) to profitable heights in 1997.It was the first year of operation for Sadiola Hill, in which…
SUPPLIERS NEWS ROUNDUP — Scintrex buys Auslog
Geophysical instrument firm Scintrex has entered into a definitive agreement to acquire Australian-based Auslog, a leading manufacturer of borehole geophysical instruments.The transaction is expected …
Claude posts solid results
Record production from the Seabee gold mine northeast of La Ronge, Sask.helped make 1997 the best year ever for Claude Resources (CRJ-T).Revenues for the year ended Dec. 31, 1997 totalled $34.6 millio…