Breakwater offering
Breakwater Resources of Vancouver has given a Swiss bank the mandate to offer for sale in Europe 35 million Swiss francs (approximately $31 million) as the principal amount of convertible Eurobonds. T…
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Thorco acquires an interest in S. African mine
Thorco Resources reports it has acquired 100% of the issued share capital and warrants of Centurion Exploration and Mining, a U.K.- -based mining company with a 60% controlling interest in a South Afr…
Gold production planned by Rouyn Mining in ’88
The Francoeur property of Rouyn Mining Resources could be in production as early as next March pending receipt of a positive feasibility study, President Jean-Guy Rivard told a group of investors in T…
Goldpost to fund Hislop drilling
Goldpost Resources of Toronto will spend the $2.3 million it raised through class “A” flow-through warrants, to explore its Hislop West property near Timmins, Ont. Goldpost recently finalized the exec…
OSC announces COATS check
Coats is going to be given a report card. A task force has been established by the Ontario Securities Commission to review the Canadian Over-the-Counter Automated Trading System and to determine if an…
Montreal exchange Denn’or shares popular
New information from an exploration program on the former Val d’Or East Sullivan concession in Bourlamaque Twp. in northwestern Quebec has been released by Denn’or Exploration, which closed up 12 cent…
Aur Resources and Rogi in Quebec gold joint venture
A joint-venture agreement has been entered into by Aur Resources and Rogi Exploration whereby Rogi may earn a 40% interest in Aur’s Annamaque-Faraday property, about 7 mi southeast of Val d’Or, Que., …
Companies pool lands in Iskut River area
American Ore reports it has pooled its lands in the Iskut River area of northwestern B.C. with those of Golden Band Resources in the area, under an agreement made between American Ore, Golden Band, an…
U.S. Precious Metals trading on TSE
The shares of Vancouver-based U.S. Precious Metal began trading on the Toronto Stock Exchange under the stock symbol usp effective recently. The original listing is in the mining category for 10,272,1…
Experts say heap leaching can work in sub-arctic climate
To the untrained observer they look more like unfinished parking lots than h low-cost mining operations.t With piles of ore fragments heaped on top of giant leach pads, it seems p Canada’s heap leach …
Anvil mine boosted after Pamour deal
A complicated new ownership arrangement has partially eliminated a substantial debt-load and paved the way for development of a new open pit at the Cyprus Anvil mine in Faro, Yukon. Under the terms of…
Breakwater to pay dividends
There was good news for shareholders of Breakwater Resources at the recent annual meeting. Chairman Robert Hunter said that Breakwater would probably be paying dividends after the third quarter. This …