New financings for MinVen, Euro
A strong performance recently by the yellow metal has prompted at least two gold-producers to announce new financing. Cash-strapped MinVen Gold (TSE), which has been burdened by heavy debt and low gol…
News
Conwest shares
Conwest Exploration (TSE) has entered into a “bought deal” agreement worth almost $55 million. Underwriters, led by First Marathon Securities, will buy three million B subordinate-voting shares of the…
HOPE BROOK REVIVAL
Royal Oak Mines acquired the Hope Brook mine in southwestern Newfoundland last year and by July 1, 1992, had begun commerical production. Total output for the year was 50,693 oz. The mine is running n…
PAMOUR: Beats the odds
Take a single paper match and cut a piece from the end just a little shorter in length than the match is wide. This fragment then represents the amount of gold the Pamour mine has in one ton of ore. A…
R.I.P.
The Northern Miner Magazine was born in 1986. From the beginning it was an outstanding success. Both readers and advertisers were drawn to the publication because of its lively mix of featurish-type, …
OPERATING UNDER SIEGE
The aptly named Giant mine in Yellowknife, N.W.T., was bleeding red ink when Royal Oak Mines acquired Giant and other assets of the Pamour group late in 1990. By the time negotiations began with Local…
WITTE’S ROYAL TOUCH
Few mining executives have faced such complex and demanding challenges as those taken on recently by Margaret (Peggy) Witte, the hands-on chairman, president, and chief executive of Royal Oak Mines. W…
LETTERS TO THE EDITOR — WCB needs to undergo a review
On reading the article “WCB $11 billion in hole, and mining companies pay” (T.N.M., Mar. 29/93), where you draw on the most recent experience of Bill Mracek of Royal Oak’s Pamour mine concerning Worke…
BOOKS IN BRIEF — Arizona’s mineral production
Directory of Active Mines in Arizona, 1993, US$4 (US$5.50 if mailed) and The Primary Copper Industry of Arizona in 1991, US$8 (US$10 if mailed), both available from the Arizona Department of Mines and…
PEOPLE — TOBY CREEK RESOURCES
Harry Bristman appointed president and director; Frederick Ilott and Norman Holton appointed directors.
PEOPLE — CONS. PINE CHANNEL GOLD
Hugh Mogensen appointed director.
PEOPLE — CYPRUS COPPER (April 26, 1993)
Robin Hickson appointed senior vice-president.