FMC Gold to break away from parent
FMC Gold (FGL-N) has been examining ways to separate itself from its parent company FMC Corp.FMC Gold’s board of directors approved a plan for re-incorporation, which would include a merger with an ex…
Articles by Northern Miner Staff
Southwestern, Teck sign Peruvian joint-venture deal
A joint-venture agreement covering 54 exploration concessions in the Rosario-Pichicane mineral belt in southern Peru has been signed by Southwestern Gold (SWG-T), Teck (TEK-T) and Cedimin.Southwest an…
Laguna Gold gains Rio Chiquito
Laguna Gold, a wholly owned subsidiary of Mallon Resources (MLRC-Q), has raised to 100% its interest in the Rio Chiquito gold property in north-central Costa Rica.The acquisition is the result of a me…
Sigma struggles for profitability
The workforce at the Sigma gold mine in Val d’Or, Que., will be reduced by about 100 employees in early July.Operator Placer Dome (PDG-T), which currently has 325 employees on site, says the reduction…
Fairfield in hands of Almaden management
Management of Fairfield Minerals (FFD-T) is now in the hands of Almaden Resources (AMH-V).Fairfield has been searching for a group to take over management of the company ever since John Stollery resig…
TSE SHORTS (July 01, 1996)
Short positions outstanding at June 15, 1996Larger individual positions included: Barrick Gold 8,936,790; Agnico-Eagle 399,194; Arequipa 137,000 Aur Resources 149,300; Bema Gold 4,276,777; Caledonia M…
Tri Origin starts financing plans for Lewis Ponds
Financing of the development of the Lewis Ponds deposit will be raised in Australia by way of a $16.4 million (Canadian) public offering of Tri Origin Australia, a wholly owned unit of Tri Origin Expl…
GOLD FUNDS (July 01, 1996)
Gold Funds as of June 20, 1996BGRCentralNet Value$24.63$6.51Price$18.70$6…
Drilling probes Blackdome mine
A minimum 5,000-ft. diamond drilling program is under way at the Blackdome gold mine in southwestern British Columbia.Petro Plus (PPV-A) can earn a half interest in the former underground producer fro…
Electra recovers gold at Rambler
Electra Mining (ELC-V) has begun production at its Rambler tailings project near Baie Verte, Nfld.Electra is processing tailings, containing 1.7 million tons grading 0.04 oz. gold per ton, at a newly …
Bre-X upgrades resource at Busang
With five diamond drill rigs at work, Bre-X Minerals (BXM-T) is pushing hard to outline 50 million oz. gold, in the measured and indicated resource categories, by year-end at its Busang gold project i…
Imperial tests gold zone in Niger
Drilling on the M’Banga gold concession in Niger, West Africa, has returned gold values for Imperial Metals (IPM).The company completed 15 holes for a total of 1,500 metres, outlining a gold zone over…