Corona offering near $100 million
Following in the steps of two other major Canadian gold producers, Corona (TSE) has gone to the market to raise capital through an offering worth almost $100 million. Toronto-based Corona will issue n…
1990
Radisson identifies continuity of zones
Exploration on the 6th level of the Duquesne mine, about 19 miles north of Rouyn-Noranda, Que., has identified the continuity toward the west of the main mineralized zones, Radisson Mining Resources (…
Coral cuts deal with Amax
Funding for further development and exploration of the Robertson gold property in Lander Cty., Nev., owned by Coral Gold (TSE), appears to be close at hand. Amax Gold (NYSE) has signed a letter of int…
Northfield completes private placements (January 15, 1990)
Toronto-based Northfield Minerals (ASE) says a private placement of 250,000 common shares to affiliate Northfield Capital (COATS) was completed recently. According to Northfield Minerals, it has raise…
Photo by George Onuska (January 15, 1990)
Head table guests at the annual dinner of the Canadian Mining Hall of Fame were, from left, Lionel Kilburn, Richard Gardner, Norman Keevil Jr., Viola MacMillan, Maurice Brown, Robert Ginn and John Laf…
Toronto Stock Exchange Indices (January 15, 1990)
1989 Jan. 9 Jan. 8 Jan. 5 Jan. 4 Jan. 3 HIGH LOW Composite “300” 3952.353971.073990.374000.914009.474009.473952.35 Metals & Minerals 3344.403359.213399.973453.053452.903453.053…
FINANCING (January 15, 1990)
Major General Res — 500,000 offered @ $1.50 per unit. Team Res — 700,000 offered @ 70 cents per sh. Ber Res — 300,000 com & 300,000 flow- through offered @ 40 cents per sh. Forbes Res — min 650,0…
Claude extends work program at Seabee
Exploration work on Claude Resources’ (TSE) Seabee gold deposit in northern Saskatchewan is expected to lead to a production decision by May, the company says. The current exploration program, which b…
Editorial Inspiration from the past
It is highly appropriate that Norman Keevil Jr. took the opportunity of addressing the Canadian Mining Hall of Fame’s annual induction banquet to announce Teck Corp.’s intention to stimulate research …
Santa Fe boosts reserves at Rabbit Creek
A significant increase in gold reserves was announced by Santa Fe Pacific Minerals, a unit of Santa Fe Southern Pacific (NYSE), for its 100% owned Rabbit Creek gold mine project, 35 miles northeast of…
Breakwater makes offer to acquire El Mochito
Gold producer Breakwater Resources (TSE) has announced plans to acquire all the outstanding shares of American Pacific Mining (TSE) which owns and operates the profitable El Mochito polymetallic mine …
News in Brief (January 15, 1990)
Coin Lake Mines has changed its name to United Coin Lake Gold Mines (UCM:TSE) on a 1-new- for-2-old-share basis. Transfer agent is Central Guaranty Trust Company.