News

Northgate sifting through its expanding portfolio

One of the most active investors in the Canadian mining industry is preparing to embark on a period of self analysis. After a $100-million shopping binge in which it picked up minority interests in ni…


Queries Nicoba Mines inactive

I last wrote to The Northern Miner in January, 1981 asking for the address of Nicoba Mines Ltd., a company which I own shares in. You were very kind to send me the address. Can you now tell me if Nico…


Newfoundland exploration surge

Largely bypassed in recent years, the Province of Newfoundland is witnessing quite an exploration boom these days, The Northern Miner gathers. Three years ago saw less than $10 million spent on minera…


COATS trading features (November 28, 1988)

Mining issues drifted lower on COATS this week. Crabbie-Fletcher Gold Mines bucked the trend, and moved up 10 to close in the 43 -48 range. Craibbe owns ground adjacent to the Campbell Red Lake mine…



Sierra Madre signs agreement with Jamie

Sierra Madre Resources (VSE) has signed an option agreement with Jamie Frontier Resources (COATS) giving Sierra the right to earn a 50% interest in Jamie’s Todd gold property. Located near Red Lake, O…


Ivanhoe Capital makes private placement in War Eagle

A private company founded by Robert Friedland, president of Galactic Resources (TSE), and Eric Friedland recently made a $1.2 million private placement in War Eagle Mining (VSE), which owns the War Ea…


Gold funds as of Nov 22

BGR Goldcorp Central MVP Capital Net value $12.33% 9.36 7.29 1.03 Price $10.125% 6.250 6.12 0.67 Discount $17.88% 33.3% 16.0% 35.0% Value $73,395,449 164,…


Gamsan drilling Brabant Lake bet

Edmonton-based Gamsan Resources (ASE) has raised $317,000 for drilling on its Brabant Lake polymetallic property in Saskatchewan. Gamsan says an initial 1,000-m drill program will be under way soon on…


Silverado starts up Alaskan gold project

Mining of ore from the newly stripped Ready Bullion shear structures is under way at its wholly- owned Grant gold project in Alaska, Silverado Mines (VSE) reports. The project is located on Ester Dome…


FINANCING (November 28, 1988)

VANCOUVER Brooks Res. Ltd. — gross proceeds rec $315,000. Evergold Res. Inc. — gross proceeds rec $275,000. Silver Lake Res. — gross proceeds rec $175,000. Simon Fraser Res. Ltd. — min 500,000 off…


Giant Yellowknife boosts third-quarter earnings

Consolidated earnings of $3.7 million (44 per share) on revenue of $36.7 million were reported by Giant Yellowknife Mines (TSE) for the third quarter of this year, compared with $3.1 million (44 per s…


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