Offering could raise $37.5m for Bema Gold
An underwriting syndicate, led by RBC Dominion Securities, has agreed to buy 8 million shares of Bema Gold (BGO-T) at $3.75 each. The deal is expected to raise proceeds of $30 million.The underwriters…
Articles by Northern Miner Staff
Avalon pulls PGEs near Thunder Bay
First-phase diamond drilling by Avalon Ventures (AVL-V) on its Wolf property in northwestern Ontario has returned anomalous platinum group element (PGE) values.Seven of eight drill holes at the 10,100…
Nuinsco begins drilling at Lac Rocher
Drilling has begun at a base metal discovery at Lac Rocher, 112 km north of Matagami, Que.The operator of the project is Nuinsco Resources (NWI-T), which is exploring the property under an option from…
Geomaque boosts resource
A drill program carried out by Geomaque Explorations (GEO-T) at the Vueltas del Rio gold deposit in northwestern Honduras has boosted the resource estimate to 922,000 oz. gold.The new figure represent…
EDITORIAL — A century of challenge and accomplishment — Congratulations, CIM
Surviving a century of fast-paced change is no small feat for any professional organization. The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) has done more than survive 100 years, it h…
PEOPLE — Lytton Minerals
Grant Ewing appointed vp investor relations.
PEOPLE — Homestake Canada
Walter Segsworth appointed president and CEO.
PEOPLE – Gabriel (May 04, 1998)
Peter Guest appointed president, COO and director.
PEOPLE — Cons. Nevada Goldfields
Michael Kolin appointed COO.
GOLD FUNDS (May 04, 1998)
Gold Funds as of April 23, 1998BGRCentralNet Value$16.67$6.54Price$13.60$…
FACTS ‘N’ FIGURES — Indian silver demand not down
Over the past eight months, the silver market has been awash with rumors that Indian silver demand has declined sharply in the face of higher prices.According to CPM Group’s recently released white pa…
Scintrex urges rejection of takeover bid
In an attempt to keep shareholders on side and thwart a hostile takeover bid, exploration instrument firm Scintrex has increased the value of its shares above a proposed buyout price by tacking on a s…