St. Gen, KWG unveil restructuring plan
As part of a joint restructuring plan, St. Genevive Resources (SGVE-C) and KWG Resources (KWGR-C) are asking most of their creditors to swap debt for an equity stake in the two companies.St. Gen is as…
Articles by Northern Miner Staff
Yamana picks up property in Washington — Company to retain holdings in South America, Southeast Asia
Yamana Resources (YRI-T), known for its properties in such exotic locales as South America and Southeast Asia, has acquired a land package in its own backyard.The acquisition, which consists of 825 ac…
Meetings (February 02, 1998)
Feb. 2, ProbeFeb. 3, Int’l TikaFeb. 3, Vencan GoldFeb. 5, Yukon SpiritFeb. 9, Canadian OverseasFeb. 9, WilanourFeb. 10, Cotton ValleyFeb. 11, AndersonFeb. 11, Blackwater GoldFeb. 11, East IndiesFeb. 1…
Chesbar buys into Intrepid’s projects
Chesbar Resources (CBI-M) is joining forces with Intrepid Minerals (IAU-A) to explore and develop silver and gold properties in Guatemala.Chesbar has paid US$200,000 for a 25% interest in Intrepid’s G…
Quest Int’l to explore Djibouti
Quest International Resources (QIX-T) and its private partner, Seven Stars Minerals, have signed an agreement with Djibouti for the exploration of mineral resources in this small East African nation.S…
Goldtex Resources, Canadian Mountain to merge
Talks between Canadian Mountain Minerals (CYM-A) and Goldtex Resources (GXR-A) have led to an agreement that will see the two companies merge.The merger agreement has yet to be approved by shareholder…
Homestake ceases underground mining — ‘Substantial loss’ at mine prompts company to get house in order
For only the second time in its 122-year history, the Homestake gold mine near Lead, S.D., has ceased production from underground.Homestake Mining (HM-N) stated, however, that after a dramatic restruc…
Breakwater nixes Bolivian zinc deal
Breakwater Resources (BWR-TWR-T) is scrapping its plans to buy a controlling interest in Bolivian zinc producer Minera.The company attributes the decision to delays caused by Minera’s failure to restr…
GREATEST VALUE TRADED, Jan. 21-27
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Kinross sees cost reductions ahead
With gold prices still mired around US$300 per oz., speculation is growing that some companies will not be able to survive a prolonged period of depressed prices. Kinross Gold (K-T), fully aware that …
Noranda deal
ignites takeover talkNoranda (NOR-T) has agreed to sell its interest in Norcen Energy Resources Group to U.S.-based Union Pacific Resources Group for $1.8 billion in cash.Noranda owns 92.6 million sha…
Index (January 26, 1998)
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