Richmont buys Aurizon’s half of Beaufor
For a bit of cash and a royalty, junior miner Richmont Mines (RIC-T) is buying Aurizon Mines’ (ARZ-T) half-interest in the suspended Beaufor gold mine in northwestern Quebec.Richmont already holds a s…
Cambior Inc
‘Quebec Inc.’ backs Niobec purchase
A inflow of cash from Quebec’s biggest institutions has allowed Quebec City-based Mazarin (MAZ-T) to close the $48-million acquisition of Teck’s (TEK-T) half-interest in the Niobec niobium mine in the…
Cambior’s losses shrink
Emerging from a long period of restructuring, Cambior (CBJ-T) has significantly reduced the amount of red ink on its earnings statement.For the year ended Dec. 31, 2000, Cambior’s net loss was US$81.6…
McKenzie Bay proceeds with Lac Dor study
Junior McKenzie Bay International (mkby-o) has commissioned a bankable feasibility study of its Lac Dor vanadium project, 25 km southeast of Chibougamau, Que.A 4-member committee split equally betwee…
Breakwater ends year with mixed results
Zinc miner Breakwater Resources (BWR-T) posted a $13.5-million loss for 2000 despite recording its highest revenue yet: $319 million. The 16-per-share loss compares with 1999 earnings of $22.5 millio…
South-Malartic triples gold resource at Croinor
Drilling by junior South-Malartic Exploration (MSU-M) has tripled the resource base of the Croinor gold property, 75 km east of Val d’Or, Que.In a new estimate prepared by Geostat International, resou…
Cambior streamlines debt load
After more than a year of twists and turns, Cambior (CBJ-T) has finally completed an extensive restructuring, shedding most of its non-gold assets and streamlining its debt load and hedge book.The res…
Virginia keeps the faith at James Bay
Prospecting and mapping by Virginia Gold Mines (VIA-T) have outlined several new gold-bearing and polymetallic structures on the junior’s extensive land package in the James Bay region of northern Que…
South-Malartic Exploration active in Quebec
Junior South-Malartic Exploration (MSU-M) has entered into an option agreement with privately held Ressources Autanabi to acquire a half-interest in a 21-claim nickel property 7 km east of Ville-Marie…
Cambior granted extension
Key lenders to Cambior (CBJ-T) have granted the company a 2-week extension for the completion of its financial restructuring plan, giving the company more time to arrange and consolidate its debt.Camb…
Cambior converts loan to shares
Jipangu, a private Japanese investment company oriented toward the gold sector, has agreed to subscribe to a private placement of 15 million common shares of Cambior (CBJ-T) priced at US42 each, or U…
Cambior gains extension
Financially beleaguered Cambior (CBJ-T) has been granted another one-month extension to submit an arrangement to repay or refinance the balance of its bank loan by the end of 2000. The company now has…