Richmont closes private placement
Gold producer Richmont Mines (ME) has closed a private placement of 2.5 million special warrants at $4 each. Each special warrant entitles the holder to buy one Richmont share at no additional conside…
Articles by Northern Miner Staff
Thunderwood options Buchans
Thunderwood Resources (TSE) has optioned a property adjoining the past-producing Buchans base metal mine in west-central Newfoundland. The 279-claim property comprises 11,030 acres and covers the know…
Private placement for Shore Gold Fund
Saskatoon, Sask.-based Shore Gold Fund (ASE) has completed a private placement of 1.4 million shares at 25 cents each and issued an additional 483,549 shares at the same price. Proceeds will be used t…
St. Genevieve sells Louvem stake
Montreal-based St. Genevieve Resources (TSE) intends to sell all or part of its 11 million common shares in Louvem Mines (TSE) to the highest bidder. The block represents 43% of all issued and outstan…
NEWS ROUNDUP — Waddy excavates ramp at Komis
Waddy Lake Resources (TSE) continues to excavate a decline on the Komis gold project in northern Saskatchewan. The work will enable the company to extract a 10,000-tonne bulk sample from the A and C z…
Correction (January 10, 1994)
The 47 million tons of mineralization reported by Hycroft from its Brimstone exploration program are not additional to the 45 million tons contained in the Crofoot-Lewis mine in Nevada, as stated in o…
Rea options advanced project in eastern Nevada
Under an option agreement, Rea Gold (TSE) can acquire the Mount Hamilton gold project in eastern Nevada. Rea is completing a due diligence review which should be finished early in the first quarter. I…
Equinox, Hecla merger progresses
Equinox Resources (TSE) and Hecla Mining (NYSE) have agreed to amalgamate on the basis 0.3 Hecla shares for each share of Equinox tendered. Goepel Shields & Partners, Equinox’s financial advisers, fou…
Sask. okays two other projects — Midwest dead for now
There was mixed news from Saskatchewan as the provincial government announced its decision on the development of three proposed uranium mines in the north. Environment and Resources Minister Berny Wie…
EDITORIAL PAGE — Strapped for cash
As if Denison Mines werent up to its eyeballs in alligators already, the provincial governments in Ontario and Saskatchewan have unleashed a few more of the critters on the hapless company. The Ontari…
ODDS’N’SODS — A most dangerous assignment at the Granduc
On learning of the recent demise of William Bill Pryde, I recalled a hair-raising venture which I shared with him at the Granduc mine site in 1965. A climax avalanche swept over the Leduc Portal camp …
Gold retains its global trading popularity
Gold lost its pivotal position in the international monetary system in August, 1971, when the U.S. formally suspended the dollars convertibility into gold. But even though it has lost its significance…