Tandem, N.A. Rare flow-through deals
Toronto-based Tandem Resources (ME) has arranged for a flow-through private placement of $250,000 with CMP 1990 Resource Partnership and Co. The placement is priced at the lesser of 30 cents or 95% of…
News
Toronto Stock Exchange Rally continues amid rumors of third Eskay
A market rally sparked by renewed optimism over the U.S. economy appeared to gain some momentum today, May 30. The composite 300 stock index, which represents a wide measure of Canadian share values, …
News in brief (June 04, 1990)
BGR Metals has declared a regular quarterly dividend of 25 cents per common and class A share, payable April 27, 1990.
Corona gets $5 million for future exploration
An agreement with CMP 1990 will provide Corona (TSE) with $5 million for exploration financing. Under the terms of the agreement, Corona will receive $3.5 million from CMP in return for up to 375,110 …
Ontario’s Spanish River plan offers hope for better access
Today, there may be a faint glimmer of hope for the mineral industry in its continuing concern about access to land. On March 30, the final plan for land use around the Spanish River, in the Sudbury D…
U.S.REPORT West Pride’s Arizona ground features big mineralized
The property would be a hard day’s ride from this hot, dusty town in an area steeped in the history of the American wild west. One would be hard pressed to find men to make that ride to the Dragoon Mo…
Spot prices at a glance (June 04, 1990)
Week’s Price (US) Change Gold* $365.70 + $2.45 Silver* $5.13 + $0.03 Platinum* $496.50 — $6.75 Nickel** $3.83 + $0.05 Lead** $0.38 + $0.00 Copper- $1.18 + $0.05 Zinc $0.79 — $0.00 Courtesy of Scotia…
El Mochito mine contributor to Breakwater earnings hike
Lower operating costs at Breakwater Resources’ (TSE) El Mochito polymetallic mine in Honduras contributed to higher first-quarter earnings for the Vancouver-based company. Breakwater, which is attempt…
EDITORIAL PAGE Auction for Eskay long overdue
The greatest surprise about Placer Dome’s recent bid for Stikine Resources is that it has taken so long to come about. Readers of The Northern Miner know only too well that the Eskay Creek project, of…
Court halts seizure of Aquisitor assets
The Superior Court of Quebec has quashed a seizure by a private Toronto company, Hunter & Associates, of assets used by Aquisitor Mines (VSE) and Stabell Resources (ME) on their Dubuisson property nea…
Northgate group results mixed as Colomac gold pour awaited
As it waits for the first gold pour at the potentially huge Colomac gold project in the Northwest Territories, Northgate Exploration (TSE) and its group of affiliates reported some mixed first-quarter…
Granges earnings $1 million better
Net earnings of $1.7 million were reported by Granges (TSE) for the 1990 first quarter, compared with $655,000 for the similar period of the previous year. The jump in earnings was the result of an in…