Canadian firms buy Australian explorer
Consortium of three juniors takes up 80% interest in Kinver Four Canadian companies have banded together to buy a majority interest in Australian firm Kinver Mining.The conglomerate — including Elles…
Articles by Northern Miner Staff
INDUSTRIAL MINERALS — Non-metallics making money coast to coast
Northern Miner StaffOften overshadowed by metals and hydrocarbons, the industrial minerals sector was a $3-billion business in 1997, providing about 15% of the value of Canada’s mineral production. Ad…
Aurizon sets production records
Thanks to improved operations at its half-owned Sleeping Giant and Beaufor gold mines in Quebec’s Abitibi region, Aurizon Mines (ARZ-T) has posted record gold production for the first three quarters o…
Careers (October 19, 1998)
Svedala Industries Canada Inc.
Canarc deals Mexican option to Noranda
Canarc Resource (CCM-T) has agreed to a $312,000 private placement financing with a major shareholder.The financing consists of 780,000 shares at 40 cents each and 390,000 warrants, exerciseable at 60…
Bresea merger on hold
A takeover offer from MacDonald Mines Exploration (MMP.A-A) that would have seen a merger with moribund Bresea Resources has been scotched by Bresea’s receiver, Pricewaterhouse Coopers.MacDonald offer…
MOST ACTIVE ISSUES (October 19, 1998)
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Meetings (October 19, 1998)
Oct. 19, Arlington Oct. 19, Int’l CanAlaska Oct. 19, McWatters Oct. 19, Minorca Oct. 19, Tapajos Gold Oct. 19, White Swan Oct. 20, Bushman Oct. 20, CKD Ventures Oct. 20, Coast Falcon Oct. 20, Fancamp …
VenCan cuts Edwards lease
VenCan Gold (VCG-M) has announced it is terminating the lease under which River Gold Mines (RIV-T) operates VenCan’s Edwards gold mine northeast of Wawa, Ont.Under the terms of the lease, VenCan recei…
Lihir to produce less gold
Vengold (VEN-T) has been advised by Papua New Guinean-based Lihir Gold (LIHRY-Q) that the amount of gold expected from the Lihir mine this year has been reduced to 530,000 oz.The 70,000-oz. shortfall …
Gold Fields finances expansion of Tarkwa
South African-based Gold Fields (GLDFY-Q) plans to inject US$60 million into its Tarkwa open-pit heap-leach mine in southern Ghana.Gold Fields owns a 70% interest in Tarkwa and is project manager. The…
Pan American sizes up Mexican silver mine
Since acquiring the former-producing La Colorada silver mine in Mexico’s Zacatecas state this past March, Pan American Silver (PAA-T) has been carrying out a reserve development program aimed at expan…