Gaspesie raises working funds
The sale of one million treasury shares of Gaspesie, Societe d’Explorations Petroliere et Miniere (ME) at 25 cents per share raised $250,000, which the company says will be used mainly for the develop…
Articles by Northern Miner Staff
Dominion shares
A numbered Alberta company has purchased, pending regulatory filings, 29.4 million subordinate-voting shares and 6,250 B shares of Dominion Explorers (TSE) from Landmark Corp. for $200,000 in cash. Th…
FUTURES PRICES (January 13, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 95.30 94.40 94.45 – 3.25 Feb 95.15 94.85 94.85 – 3.20 Mar 96.10 95.10 95.15 …. SILVER (in US cents per oz.)…
Kennecott buying Ridgeway interest
The renegotiation of a purchase option on the Ridgeway mine in South Carolina prompted Kennecott to increase its interest in the operation to 100% from 52% by exercising a right of first refusal. Gala…
Breakwater aims to reverse losses
A loss of $3.6 million was reported by Breakwater Resources (TSE) for its 1991 third quarter ended Sept. 30, which brings losses for the first nine months of the year to $16 million. The company is co…
Magnola project under review
The Magnola project in Quebec, aimed at developing a new magnesium production technology, is under review because of the excess capacity in the magnesium market and the economic environment, LavalinTe…
Prime, Galico active in Jamaica
A number of possible acquisitions in Jamaica are currently being reviewed by Prime Explorations, a division of Prime Equities International (VSE). The review follows a visit to Jamaica to examine prop…
Aurizon amends Aurex deal
Vancouver-based Aurizon Mines (TSE) recently entered into a private placement agreement to purchase 500,000 common shares of 36% owned affiliate Aurex Resources (VSE) for 35 cents a share. In addition…
Placer drops Jualin option
A unit of Placer Dome (TSE) recently terminated an option to earn a 50% interest in the Jualin gold property owned by International Curator Resources (VSE). The Jualin property is 40 miles north of Ju…
CIM sponsors Students’ Nite in Toronto
The president of Brian E. Felske and Associates Ltd. will discuss “international mining: challenge and opportunity” at the Students’ Nite Dinner on Jan. 23 of the Toronto branch of the Canadian Instit…
PEOPLE (January 13, 1992)
Ian Gollop appointed executive vice-president. FENWAY RESOURCES George Donaldson appointed vice-president, corporate development. MERCANTILE GOLD Tim Pinchin, Don Crossley and Mark Holden appointed di…
AquaGold to produce limestone
AquaGold Resources (ASE) says it will concentrate on bringing the Glen Morrison limestone deposit near Sydney, N.S., into production after a reverse takeover of the company by Municipal Capital. Munic…