Search Results for Cannon Mine



Profile A NOSE FOR MINES

Before radar, the skippers of west-coast seiners were adept at finding safe harbor in impenetrable fog. Bern Brynelsen remembers one such seaman, for whom he packed salmon. Time and again he was deepl…


New group bidding on Asamera Minerals

As was widely rumored, a group of senior operating and management personnel at Asamera Minerals (TSE) are interested in taking over the company. They have formed The New Asmin Group which has announce…


Cannon gold boosts Asamera bottom line

Forward selling of gold produced from the Cannon mine in Wenatchee, Wash., has given Calgary- based Asamera Minerals (TSE) a financial boost. The company recently reported that net income for the firs…


Asamera Minerals shows profit

The new mining arm of Asamera Inc., Asamera Minerals reports net profits from the start of operations on July 1 to Sept 30, of $1.1 million(US) on revenues of $6 million. Pro-forma results (which assu…


Cannon production exceeds Asamera’s expectations

Calgary-based Asamera Minerals recently released a progress report on a number of its key properties located in Germany and the U.S. Results of exploration and production from five of these projects a…


$25 million issue by Asamera Minerals

Asamera Inc. announces that the previously reported sale of 2,500,000 units by its subsidiary Asamera Minerals Inc, to Dominion Securities and Midland Doherty for resale to the public, closed as sched…


Asamera Minerals files prospectus

Calgary-based Asamera Minerals has completed an initial public offering through Midland Doherty Ltd. and Dominion Securities Inc. Under the terms of the offering, Asamera has agreed to sell 2.5 millio…


Asamera spin off to hold mine assets

The mineral assets of Asamera Inc. will be placed into a new wholly-owned subsidiary, the company reports. Called Asamera Minerals, the Canadian company is expected to offer up to 15% of its treasury-…


Drilling progam to start on old Lovitt mine property

Surface diamond drilling is scheduled to begin immediately on the old Lovitt mine property at Wenatchee, Wash. Vancouver-based Grange Gold Corp. holds a 50% interest in the Lovitt Mining Company which…


Breakwater earnings increase

Increased production, an improved gold grade and lower operating costs at the Cannon Mine in Washington State all joined forces to make a better bottom line for Breakwater Resources (TSE) during the f…


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