Montreal Exchange Latest Grevet results
The volatile gold market had a negative effect on resource issues for the week ended Feb. 6, with the mining and minerals index off more than 19 points in mixed trading. The general market portfolio i…
Articles by Northern Miner Staff
Rio Algom, Denison both sue over Elliot mine practices
Uranium miners Rio Algom (TSE) and Denison Mines (TSE) are suing each other over mining practices near the borders of their respective properties close to Elliot Lake, Ont. In two separate lawsuits, R…
U.S. ruling removes delays at Crow Butte uranium project
Nebraska’s Attorney General has issued a favorable ruling on a foreign ownership issue that has held up the permitting process for the Crow Butte uranium mining project in that state. In a recent rele…
Battle financing
Battle Mountain Gold (NYSE) is planning an issue of five million common shares which will gross about $105 million. The deal is one in a series of large gold equity offerings which have hit the market…
South African changes could tap capital from North America
The improved fortunes in gold prices since late 1989 combined with the rapidly improving political situation in South Africa — the world’s largest gold producer — is boding well for that country’s g…
Gold Torch not a Prime company
The acquisition of one million escrow shares of Gold Torch Resources (VSE) by Prime Resources (VSE) will not be completed. As a result, the company notes that Prime nominees will no longer be on the b…
Echo Bay, Muscocho face roadblock from Windarra
A partner in the operating Magnacon gold mine near Wawa, Ont., says it has the right of first refusal to purchase an increased interest in the project. Windarra Minerals (TSE), with an original 25% in…
Court dismisses U.S. Gold application
The application by U.S. Gold (NASDAQ) for a limited rehearing of the appeal of Justice Hinds’ decision has been dismissed by the British Columbia Court of Appeal. Hinds’ decision had turned control of…
Breakwater to drill Lenora gold claims for base metals
Vancouver-based Breakwater Resources (TSE) has optioned Greater Lenora Resources’ (TSE) Orvilliers and Puisseaux twps. property in Casa Berardi, Que. Low-grade gold values over narrow widths have alre…
New Chutine board
Following the completion of a $1.2-million financing, Chutine Resources (VSE) has gone through a major board change. New directors include Peter Holmes, as chairman and chief executive officer, C.H. F…
FINANCING (February 12, 1990)
Romulus Res — gross proceeds rec $555,500. Bonaventure Res — gross proceeds rec $230,000. St. Jude Res — 500,000 offered @ 50 cents per sh. Silver Butte — 700,000 offered @ 65 cents per unit. Alta…
Placer to drill McConnell property
After an assessment of the 1989 drilling program has been completed, Placer Dome (TSE) plans to drill the McConnell Creek gold property owned by Gerle Gold (VSE). Placer is earning a 60% interest in t…