Battle Mountain files for public offering
Houston-based Battle Mountain Gold (TSE) has filed with the U.S. Securities and Exchange Commission for a proposed public offering of five million common shares. Goldman, Sachs & Co. will be the lead …
News
New decline and drift for Hecla’s Republic mine
A tour of underground and surface milling facilities at the Republic gold mine owned by Hecla Mining (NYSE) is somewhat reminiscent of a miner’s version of the popular movie Back to the Future. The mi…
Gordex Correction
A recent query on Gordex Minerals (T.N.M., Feb. 5/90) included incorrect information regarding the company’s CIP processing plant in New Brunswick. Contrary to what was printed, the CIP plant at Gorde…
Montreal Exchange Vior big trader
One hole does not make a mine, but the results of a single drill intersection in the Casa Berardi area of Quebec have created quite a stir. Project partners Inco, Cambior and Societe d’Exploration Min…
Insider Trading Bulletin Euro-Nevada boss sells on Carlin News
The well-known saying that lightning never strikes twice in the same place has obviously escaped the ears of Euro-Nevada Mining (TSE) President Pierre Lassonde. How else could one explain the company’…
Inco, Golden Knight drilling
Exploration around the Casa Berardi East and West gold mines, held jointly by Golden Knight Resources (TSE) and Inco Gold, has yielded some encouraging results. After spending $11 million on undergrou…
Alberta Stock Exchange Gowest gains 16 cents
Several junior exploration companies with interests in gold properties in northwestern Quebec made significant gains during the week ended Feb. 13. Gowest Amalgamated tacked on 16 cents to its share p…
Brynelsen and Specogna honored at Cordilleran Roundup
The highlight of the annual Cordilleran Roundup held in Vancouver, B.C., each year is the presentation of the prestigious H.H. “Spud” Huestis Award and the Edgar A. Scholz Medal. Established in 1977 t…
Pine Point earnings up
Higher prices for zinc metal throughout much of the past year led to a substantial increase in 1989 revenues and earnings for Pine Point Mines (TSE). Unaudited net earnings for the year totalled $94.1…
Breakwater gives green light to Estrades gold project
After completing a review of a mining feasibility study by Wright Engineers, Breakwater Resources (TSE) has decided to place the Estrades massive sulphide project near Joutel, Que., into production. I…
Bond reports loss of US$26 million
Bond International Gold (TSE) reported a net loss of US$26.4 million, or US46 cents per share for the 6-month period ended Dec. 31. Toronto-based LAC Minerals (TSE) bought a 65% interest in BIG last N…
Athabaska resumes drilling at Nicholas Lake
The 1990 work program by Athabaska Gold Resources (VSE) has started on the Nicholas Lake gold property, 56 miles north of Yellowknife, N.W.T. As operator and 60% owner, Athabaska will be carrying out …