Cash-rich Curragh reports loss
A cash position of $46.2 million at the end of the third quarter was reported by zinc-lead producer Curragh (TSE), which also recorded a loss for the 3-month period ended Sept. 30. The company says th…
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NEWS ROUNDUP — Redstone arranges $8-million financing
In order to fund further mineral royalty acquisitions, Redstone Resources (TSE) will issue two million special warrants at $4 per warrant to raise $8 million. Each special warrant will be convertible …
NEWS ROUNDUP — Dundee sub. to complete share exchange
Bermuda-based Dundee International, a wholly owned subsidiary of Dundee Bancorp (TSE), will make a 1-for-1 share exchange offer to acquire the 263 million ordinary shares of Knights Gold Mining. Knigh…
U.S. REPORT — Syndicate evaluates Getchell’s leases
Four separate geological targets were evaluated during a first-phase trenching and surface sampling program carried out by the Goldrun Syndicate on the Decker, Torok and Goldrun mineral leases in Humb…
Coeur plans public offering
A registration statement was recently filed with the Securities and Exchange Commission by Coeur d’Alene Mines (NYSE) for a US$75-million public offering of convertible subordinated debentures. The Id…
Placer options base metal property near Quebec City
An option agreement has been signed between Cache Explorations (ME) and Placer Dome (TSE) on Cache’s Riviere-a-Pierre property northwest of Quebec City. Under the agreement, Placer can acquire a 60% i…
Private placement to raise US$5 million for Seine River
A private placement with K.B. Resources is expected to inject US$5 million into Seine River Resources (VSE). K.B. Resources, a private firm owned by Seine directors Bernard Brynelsen and Mervin Davis,…
`Indicators’ ignite Lytton
Shares of Lytton Minerals (TSE) soared to a new high of 80 cents from 30 cents recently after the company reported the recovery of “substantial amounts” of chrome diopside from two samples taken on it…
NEWS ROUNDUP — Eden Roc adds to land position
An agreement to expand its land position in West Africa’s Ivory Coast, to about 1,000 sq. km from 250 sq. km, has been reached with the government agency SODEMI, gold producer Eden Roc Minerals (TSE) …
NEWS ROUNDUP — Gencap purchases more KWG shares
A holding company controlled by Pierre Gauthier of Montreal has increased its ownership position in KWG Resources (ME) through a private transaction. TThe holding company, Gencap, bought 337,500 share…
NEWS ROUNDUP — Teck’s quarterly earnings climb
Net earnings of $14 million were reported by Teck (TSE) for its latest quarter ended Sept. 30, a sizable increase from the $6 million reported in last year’s third quarter. The company’s mining operat…
Exroy seeks funds to explore Ungava claims won in court
A recent decision by the Quebec Court of Appeal has granted Toronto-based junior Exroy Resources (CDN) full title to 48 claims in the Ungava nickel copper belt in northern Quebec. This decision will a…