Inco debenture
Inco Ltd. (TSE) will issue $150 million(US) of 9.875% sinking fund debentures due 2019 in the United States domestic bond market. The debentures will not be offered in Canada. Inco says it will use th…
News
Marshall completes deal with Eden Roc
Marshall Minerals (ASE) reports it has raised an additional $3.15 million by means of a private placement to a European institutional investor of 1.5 million common shares at $2.10 per share. A portio…
Tombill investment portfolio strong
With its mining interests “on hold” and income from oil and gas covering the company’s operating expenses, Tombill Mines (TSE) is directing its efforts to further increasing the already healthy value …
Elders IXL of Australia announces TSE listing
Australian giant Elders IXL Ltd. has been granted a listing on The Toronto Stock Exchange of 2.5 billion American Depositary Shares. A total of 1.4 million shares are issued and outstanding while the …
Mt. Burgess, Arboyune primed for production
Junior sector companies face the same problems “Down Under” as they do in Canada. Depressed market conditions, brought about by falling gold prices and high Australian interest rates, have decimated m…
Bridger developing 200-tpd gold mine in Chile
Although dwarfed by a number of mega-mine projects nearby, Bridger Resources (VSE) is aiming to produce about 37,500 oz gold per year from a modest-sized mine project being built in the Maricunga dist…
Ketza costing Canamax $5 million
The cost of purchasing Pacific Trans-Ocean Resources’ (TSE) 50% interest in the Ketza River gold mine is eventually going to cost Canamax Resources (TSE) about $5 million when all the figures are tall…
Harapiak resigns Belmoral position
The chairman of Belmoral Mines (TSE), Kenneth Dalton, has taken over the presidency of the gold producer following the resignation of Steven Harapiak. A press release from the company states Harapiak …
Campbell selling phosphate property
Toronto-based Campbell Resources (TSE) says it has sold its 50% interest in the Martinson/ Cargill phosphate properties in northern Ontario to concentrate on its Chibougamau, Que., gold mines. Newphos…
Toronto Stock Exchange Firming bullion provides boost to gold index
Strengthening gold prices gave a much-needed boost to the wilting gold and silver index which advanced by 165.63 pts or 2.86% today to close at 5959.94 pts. Overall market performance was mixed with a…
Eanrings Report
A first-quarter loss of $633,225 (US) or 4 cents per share was reported by Bunker Hill Mining (VSE). In the same period last year the company lost $752,286 or 6 cents per share. At the end of the qua…
Owenbrook to drill
Owenbrook Resources (COATS) plans to complete about 1,500 ft of diamond drilling this year on its Hawkins Twp., Ont., gold property. Other than this planned work, the company has generally been inacti…