Agnico raises $27.6 million for projects
Through a proposed public offering of 3.2 million units, Agnico- Eagle Mines (TSE) will raise $27.6 million for its exploration and development projects. The units, offered on a “bought deal” basis by…
News
Mining rate declining at Kidd Creek
Officials at Kidd Creek Mines, Falconbridge Ltd. and Noranda (TSE) are playing down suggestions that the world-class mining facility is on its last legs. For the past year there has been a growing con…
Ego financing
Toronto-based Ego Resources (TSE) has arranged a private placement of 1.25 million units at 40 cents per unit with Nanisivik Mines, a unit of Conwest Exploration (TSE). The units consist of a mixture …
Falconbridge spending $10 m this summer at Ungava project
Falconbridge Ltd. expects to complete 75,000 ft. of drilling on its remote Ungava, Que., nickel deposit before freeze-up occurs at the remote location later this month. While a Falconbridge official s…
Positive results from Tulsequah Chief
Impressive assay results from the first hole drilled this season at the Tulsequah Chief polymetallic project in northwestern British Columbia have prompted partners Cominco (TSE) and Redfern Resources…
Jury out on discovery in Galore Creek camp
Reports of a significant new discovery in the rugged and remote Galore Creek region of northwestern British Columbia have generated another flurry of speculative trading on the Vancouver Stock Exchang…
U.S. REPORT Oracle Ridge coming along
Production is expected to begin in the third quarter of 1990 at the Oracle Ridge project being developed by South Atlantic Ventures (VSE). The company reports that the mining contractor is proceeding …
Major General cuts visible gold on Dorothy Lake bet
Recent drilling on the Dorothy Lake gold prospect, 50 miles west of Pickle Lake, Ont., has yielded an encouraging high-grade gold value for owner Major General Resources (VSE). The Vancouver-based com…
Tyranex, GSR set to mine Tyranite bet shear zones
Mining operations are set to resume next month at the old Tyranite gold mine, 12 miles west of Gowganda, Ont. Starting in mid-September, partners Tyranex Gold (COATS), GSR Mining Corp., and the Calgar…
Galactic posts second quarter loss as Summitville output drops
Gold producer Galactic Resources (TSE) reported a loss of US$630,000 or 1 cents per share for its 1990 second quarter, compared with a loss of US$1.36 million or 4 cents per share for the 1989 second …
Euro-Nevada has profit in 1990 first quarter
Nevada royalty specialist Euro- Nevada Mining (TSE) reported a profit in the 3-month period ended June 30. First quarter net income was $670,000 or 5 cents per share on revenues of $1.1 million compar…
Denison share price drops as A,B dividends withheld
The preferred series A and B shares of Denison Mines (TSE) took a heavy beating recently after the company said it would not pay out scheduled dividends on both sets of shares. On Aug. 20, the first w…