MURDER: Unravelling events at the Giant mine
The Giant mine resumed operation Sept. 25 after Royal Oak Mines (TSE) received approval to reopen from the Northwest Territories mine safety inspector. The company expected to achieve full production …
News
Aronos, numbered company negotiate private placement
A numbered company has agreed to a private placement of up to one million units of Aronos Multinational (CDN). The numbered company has agreed to purchase a minimum of 500,000 units, each of which con…
U.S. REPORT — Newmont acquires Atlas properties
Denver-based Newmont Mining (NYSE) has acquired the mining rights to two properties owned by Atlas Gold (NYSE). They are the Grassy Mountain property in Malheur Cty., Ore., and the Musgrove Creek prop…
U.S. REPORT — Cons. Nevada boosts production
Denver-based Consolidated Nevada Goldfields (TSE) increased its production and lowered its costs during the fiscal year ended June 30. Production from its two gold mines reached 28,132 oz. in 1992, up…
Garden Lake to issue shares
A placement of 600,000 units at 23 cents each has been announced by Garden Lake Resources (VSE). Each unit consists of one common share and one-half warrant. Redemption of one warrant plus 30 cents on…
Mt. Grant completes private placement
Mt. Grant Mines (VSE) reports the successful completion of a private placement of 500,000 units grossing $750,000. Brokerage house Yorkton Securities was paid a 7% commission consisting of 35,000 unit…
LETTERS TO THE EDITOR — Defending `penny dreadfuls’
M.R. Brown’s recent column “Warding off `penny dreadfuls,'” (T.N.M., Sept. 14/92) contains many unfounded comments which we find disturbing. It is most difficult to understand how The Northern Miner, …
OBITUARY: Arthur White financed juniors
Popular mining promoter, financier and executive Arthur W. White, who coined the risk capital phrase and raised many millions of dollars which he spent judiciously, died after a lengthy illness. He wa…
PEOPLE — CONS. RAMROD GOLD (October 05, 1992)
David Jackson appointed vice-president, corporate finance.
PEOPLE — WESTAR GROUP (October 05, 1992)
Larry Bell will act as interim chairman.
STOCK MARKETS — Commonwealth issue gains on northern
Diamond exploration continues to generate investor interest on western markets. During the week ended Sept. 29, the Vancouver Stock Exchange resource index managed a 13.23-point gain to 572.30, while …
NEWS ROUNDUP — Rea sells QR gold deposit to CMP
Subject to regulatory approval, Rea Gold (TSE) has agreed to sell its QR gold property near Quesnel, B.C., to CMP Resources (ME) for $450,000 plus 2.5 million shares of the company currently held by C…