U.S. REPORT Magma offering copper notes
An offering of $200 million(US) principal amount of copper interest- indexed senior subordinated notes due 1998 is being made by Magma Copper (NASDAQ). Interest on the copper notes will be indexed to …
News
U.S. REPORT Brican drilling Nevada property
A reverse circulation drilling program by Brican Resources (VSE) is under way on the Cottonwood gold prospect, part of the North Peak project, in Nevada’s Battle Mountain district. The 18-hole drill p…
Metal Prices FUTURES PRICES (December 26, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Dec 159.50 156.00 158.90 + 6.90 Mar 136.90 133.90 136.00 + 7.00 May 127.50 125.80 126.9…
Northgate, MSV in financing deal
Northgate Exploration (TSE) has agreed to provide MSV Resources (ME) with a financing package totalling $6.5 million. This includes a $5.2-million bridge facility which must be paid back by April 30, …
Nanisivik Mines ups stake in Highwood
A wholly-owned subsidiary of Mineral Resources International (TSE), Nanisivik Mines, recently acquired an additional 462,000 shares of Highwood Resources (TSE), increasing its stake in that company to…
Books Premise examined
The Centre for Resource Studies examines the wide-held premise that “more remote” means “less economic” for mineral exploration and development. The economic analysis and comparison of mining potentia…
Camindex shareholders vote in favor of MVP amalgamation
Shareholders of Camindex Mines (TSE) have voted overwhelmingly in favor of an amalgamation with MVP Capital Corp. (TSE). Camindex, which has a 51% interest in the troubled Valdez Creek placer gold pro…
Evaluating properties that have no proven reserves
From a presentation by Ross Lawrence, P.Eng., to the Toronto Geological Discussion Group. There are three broad categories of accepted valuation methodologies: income, cost and market techniques. All …
Dickenson acquires Wharf shares
Dickenson Mines (TSE) has acquired an additional 349,300 common shares, or 2%, of Wharf Resources (TSE) through purchases on the Toronto Stock Exchange. Dickenson now owns 6,030,411 common shares, or …
John Hansuld – 1988’s Mining Man of the Year
In an industry where the brightest geologists often go unrewarded with even one major discovery, the development of a gold mine is considered an achievement not to be taken lightly. So when a junior r…
Letter to the Editor Golden Rose history
In your paper of Nov 21, page 13, was an article on Noramco that interested me greatly. In that story, reference is made to the Golden Rose mine of Ontario. I would like to know if it is the Golden Ro…
Golden Dragon Res. options Matheson area gold property
A 25-claim gold property in Bond Twp., near Matheson, Ont., has been acquired by Golden Dragon Resources (VSE). The property covers the western extension of a fault zone which extends from the Harker-…