Alberta Stock Exchange Naxos emerges
A previously unheard of issue called Naxos Resources emerged with the largest gain for the week ended Nov 28, during which trading could otherwise be described as lacklustre. Trading on a healthy volu…
Articles by Northern Miner Staff
Ateba has money to reopen mine
After raising $925,000 from debt and equity financings, Ateba Mines (TSE) says it is in a position to reopen the mill and resume production at its Beardmore gold mine in northwestern Ontario. The equi…
Inel, Gulf Int’l plan amalgamation
The board of Inel Resources (VSE) has agreed in principle to an amalgamation with associated company, Gulf International Minerals (VSE). A management committee was formed to negotiate the terms of the…
Letters to the Editor Criticism of flow-through unjust to mineral
I was surprised to read your editorial criticizing flow-through share financing, and take exception to much of the editorial’s content and rhetoric “Time to bury the flow-through myth,” (N.M., Nov 27/…
Gold funds as of Nov 28
MVP BGR Central Capital Net value$12.40 $6.54 $0.53 Price$11.50 $6.62 $0.39 Discount 7.26% 1.3% 26.5% Value$73,840,638 $110,148,302 N/A…
QME trying to raise flow-through funds
Partnership funds may have peaked in 1987 and 1988, but a Montreal-based fund thinks there is still significant business to be had in the junior mining sector, especially in Quebec. The QME (1989) Min…
Montreal Exchange Quiet trading pattern
Investors appeared to take a break to plan their strategy, and possibly take some profits, for the week ended Nov 28. Both the general market portfolio index and the mining and minerals index closed d…
Bond, Sunshine in joint venture on property adjacent to Bullfrog
An 18,000-acre land package in Nye Cty., Nev., became the focus of a joint venture exploration and development agreement involving Bond International Gold (NYSE) and Sunshine Mining (NYSE). Precious m…
Stratmin welcomes graphite partner
An unnamed company will become a 51% owner in the graphite project of Stratmin Inc. (ME) near Mont-Laurier, Que. Stratmin reports a wholly owned subsidiary, Stratmin Graphite, will form a partnership …
Chevron completes Goldquest drilling
A total of 25,600 ft of diamond drilling in 22 holes was completed recently by Chevron Minerals, a unit of Chevron Corp. (NYSE), on property under option from Goldquest Exploration (TSE) in the Red La…
Doe Run seeks permission to look for Missouri lead
The Doe Run Co., America’s largest producer of primary lead, is seeking government permission to begin exploratory drilling around its southeastern Missouri lead mines. Environmentalists are opposed t…
Placer Dome US may enter joint venture with Athena
A letter of agreement between Athena Gold (VSE) and Placer Dome U.S., a wholly owned subsidiary of Placer Dome (TSE), could result ultimately in a joint venture between the two companies. The formatio…