Siscoe has profit
United Siscoe Mines reports net income of $6,483,000, or $1.72 per share, after extraordinary item, for the six months ended June 30, with a loss of $1,513,000, or 40 cents a share, in the similar pe…
News
Drilling starts Lenora/Argentex
A diamond drill program aimed at determining the cause of a 10,000-ft geophysical anomaly has been started on the 340-claim property of Lenora Explorations and Argentex Resources Exploration Corp., in…
Rio bids A$3.9B for Riversdale
Rio Tinto (rio-n, rio-l) wants more coal: the major has offered A$3.9 billion for Riversdale Mining (riv-a), an Australian coal company with one mine in operation, one in construction, and one primed for development. Speculation of a takeover…
CMP ponders joint mill in Rouyn-Noranda area
An affiliate of the CMP Mineral Partnership is negotiating to build a major gold mill in the Rouyn- Noranda area that would serve up to four different properties. And, as The Northern Miner learned du…
Editorial: Arab revolts roil commodities markets
Large anti-government protests and street battles in the Arab world continued to dominate headlines around the world in mid-February.
Financing heats up action on Professor’s Duport bet
With new financing in hand to the tune of a minimum $4.5 million, Consolidated Professor Mines plans an accelerated exploration and development program at its Duport gold property at Shoal Lake, near …
Royex Gold/Int’l Corona may be operators at Jolu
If current negotiations are successful, Royex Gold Mining Corp. and International Corona will be appointed the operators of the Jolu property in the La Ronge gold belt of northern Saskatchewan. The ne…
Six-mopnth earnings down for Westmin
Continued weakness in metal prices and sharply lower oil prices are the main culprits behind the sharp drop in net earnings posted in the 6-month period ended June 30 by Westmin Resources.
More work on Adams Plateau
Izone International, one-third partner on the Adams Plateau joint venture, with Clifton Resources and Adams Exploration reports continuing exploration. Diamond drilling has tested one of four anomalou…
Troymin, Tricentrol enter agreement
An agreement has been reached between Alberta-listed Troymin Resources and Tricentrol Oils, both of Calgary, to purchase an approximate 9.5% working interest in a gold deposit in the Chibougamau area …
Letters to the Editor Haileybury graduates appreciated
In response to the letter “Haileybury has fallen behind” by Ken Swanson (mining technologist) in your Aug 18 issue, I have the following comments to offer: * It is a very self-serving letter — repu…
Financing arranged by Beaufield Res.
A financing agreement has been negotiated which will raise a maximum of $800,000 for Beaufield Resources. Beaufield plans to issue 516,129 common shares at a price of $1.55 per share on a flow-through…