High River closes $12 m placement
Junior gold explorer High River Gold Mines (TSE) has raised $12.1 million by selling 5 million special warrants. Each special warrant is exchangeable for one share, or 1.1 share if a final receipt is …
Articles by Northern Miner Staff
Monarch enters into agreements
Two separate agreements have been reached by Monarch Resources (TSE) which allow the company to acquire interests in a Venezuelan property and Argentine properties. Monarch signed a letter of intent w…
INSIDER TRADING — Cons. Ramrod officers buy and sell shares
Three senior officers and one director of Consolidated Ramrod Gold (TSE) bought and sold shares in June. According to the Ontario Securities Commission’s OSC Bulletin, director Allan Frame bought 2,00…
Drilling ups reserves at Hislop-Beatty
Results from the first five holes of a 37-hole program have increased reserves at the Hislop-Beatty project in northeastern Ontario. Operator Hemlo Gold Mines (TSE) reports that the best intersection …
Correction (August 22, 1994)
A story concerning the Montanore property in Montana (T.N.M., Aug. 15) should have referred to private company Montana Reserves as the project partner of Noranda Minerals. Montana Reserves has a net p…
Greenstone raises project funding
Investors have exercised a series of warrants enabling Greenstone Resources (TSE) to raise $2.2 million. The warrants were issued in conjunction with two rounds of financing completed in mid-1992. The…
New legal action against Westminer
A group of Nova Scotian investors representing Cavalier Capital Corp. has initiated legal action against Westminer Canada and six other defendants. The investors claim to have suffered an $8-million l…
Camnor drilling provides encouragement at Willoughby
Drilling by Camnor Resources (VSE) is off to a promising start at the Willoughby gold property 26 km east of Stewart, in northwestern British Columbia. The first hole of this year’s program intersecte…
AMERICAS — Bolivia courts foreign mining investment
As increasing numbers of companies join the exodus to South America, opportunities to obtain properties with high mineral potential are decreasing quickly. This development is particularly true of cou…
AMERICAS — SNC-Lavalin buys interest in ByR
Montreal-based SNC-Lavalin recently signed a purchase agreement for 50% of the ByR Ingenieria y Construccion S.A. of Santiago, Chile. ByR is an engineering-construction company with expertise in minin…
AMERICAS — Talc output in U.S. off 3%
A dozen companies operated 17 talc mines in eight states in 1993, the U.S. Bureau of Mines reports. Most of the domestic talc production was from open-pit mining operations; underground mining was use…
AMERICAS — New Chilean mine for Coeur d’Alene
Historically, Coeur d’Alene Mines (NYSE) has been associated with Idaho and the prolific silver mines of its namesake district in that state. But these days — with operating mines in Nevada and New Z…