LITERATURE REVIEW — Dayton announces debenture
A financing proposal has been accepted by Dayton Mining (DAY-T) whereby the company will issue unsecured convertible debentures in the aggregate amount of US$60 million.This amount can be increased to…
News
LITERATURE REVIEW — NEWS ROUNDUP — Richmont files issuer bid
In the belief that its shares are undervalued, Richmont Mines (RIC-T) has filed notice that it intends to make a normal course issuer bid to buy its shares on the Montreal and Toronto exchanges.Up to …
LITERATURE REVIEW — NEWS ROUNDUP — Red metal keeps Asarco in black
New York-based Asarco (AR-N) reported net earnings of US$24.3 million for the fourth quarter of 1996, compared with a net loss of US$11.3 in the same period of the previous year.For the full year, the…
LITERATURE REVIEW — Potash Corp. posts sixth straight year of increased profits
Launched as a public company in 1990, Potash Corporation of Saskatchewan (POT-T) last year marked its sixth straight year of improved profits.As the company progressed through the year, each quarter p…
LITERATURE REVIEW — NEWS ROUNDUP — Partners test Bylund project
Joint-venture partners Greater Lenora Resources (GEN-T) and Freewest Resources Canada (FWR-T) are carrying out a geophysical program on the Bylund property to help define winter drill targets.The 50-5…
LITERATURE REVIEW — GMD identifies indicator trains
With the processing to date of half of the 1,600 till samples collected from the Royce Group property, 100 km northwest of Yellowknife, N.W.T., GMD Resource (GMD-V) has identified nine separate indica…
LITERATURE REVIEW — Canyon to boost reserves at Briggs
A 70,000-ft. drill program will attempt to identify additional reserves at the Briggs gold mine of Canyon Resources (CAU-X) in California’s Panamint Valley.The mine, which entered production last year…
LITERATURE REVIEW — Golden Band drilling program tests targets at Tower and Halfmoon Lake properties
A 1,000-metre drill program will test the Tower Lake South and Halfmoon Lake anomalies identified by Golden Band Resources (GBN-V) at its properties in the Waddy Lake area of northern Saskatchewan.The…
LITERATURE REVIEW — Dakota reports loss for past year
A net loss of US$23 million was reported by Dakota Mining (DKT-T) for 1996, compared with a loss of about US$9 million in 1995.The Denver-based company says last year’s loss includes non-recurring exp…
LITERATURE REVIEW — JCI consolidates hold on Lone Star
South African mining giant JCI is moving to consolidate its interest in Australian junior Lone Star Exploration (LSE-V).By consolidating its current 19.9% interest with a 24% stake held by Kimberley D…
Bema funds exploration work at El Callao’s Venezuelan project
El Callao Mining (ECM-V) has completed a $2.5-million private placement with Bema Gold (BGO-T), its largest shareholder.Proceeds will be used to fund exploration of Lo Increible, the company’s 10,000-…
Copper prices rain on Novicourt earnings
Net earnings of $10.2 million were reported by Novicourt (NOV-T) for 1996, compared with $21.5 million in the previous year.Novicourt, 60% of which is held by parent Noranda (NOR-T), says its 1996 res…