NEWS IN BRIEF (February 21, 1994)
Safeguard Ventures (SFV:VSE) has changed its name to Amar Ventures (AVI:VSE) on a 1-new-for-5-old-share basis.
News
Barrick’s proposal rejected by Bre-X
A proposal in which American Barrick Resources (TSE) offered to acquire property joint-venture options and an equity stake in Bre-X Minerals (ASE) has been rejected. “We declined Barrick’s offer becau…
GOLD FUNDS (February 21, 1994)
Gold Funds as of Feb. 16 BGR Central Net Value $16.44 $6.63 Price $15.00 $7.25 Premium 9.4% Discount 8.78% Value $92,115,000 $131,219,925…
TSE INDICES (February 21, 1994)
— 1994 — Feb 15 Feb 14 Feb 11 Feb 10 Feb 9 High Low Composite”300″ 4414.44 4395.20 4405.60 4441.97 4463.17 4601.09 4286.54 Metals&Minerals 3632.31 3589.38 3609.36 3720.86 3802.10 3855.09 3495.59 In…
NEWS ROUNDUP — Giant Bay drops Montanore
Unable to meet certain conditions of a merger agreement with Montana Reserves, Giant Bay Resources (TSE) has opted to pull out. Montana Reserves holds a 5% net proceeds royalty on the Montanore copper…
Review of Cinola planned by city
New management at City Resources (TSE) has decided that a previous feasibility study of the Cinola gold project is worth a second look. To that end, Chairman Ray Soper and President Robin Slaughter ha…
Euro-Nevada spinoff to focus on Latin American properties
The principals behind two hugely successful royalty companies are aiming to roll out another such entity. The targeted royalty investments this time are gold properties in Latin America. Currently, th…
STOCK MARKETS — Interest-rate hike hits market; gold in
The Toronto Stock Exchange surpassed another record during our report week when 106 million shares worth $1.27 billion changed hands on Feb. 2. Such enormous volumes, however, were overshadowed by a m…
PEOPLE — SANTA FE PACIFIC (February 14, 1994)
Patrick James elected president and chief operating officer; Richard Zitting appointed chairman and chief executive officer.
NEWS IN BRIEF (February 14, 1994)
Randstrom Manufacturing (ROW:VSE) has changed its name to Francisco Gold (FGX:VSE) on a share-for-share basis.
Amalgamation of Dickenson, Goldcorp before shareholders
Shareholders will vote March 16 on a plan to amalgamate Dickenson Mines (TSE), Goldcorp (TSE) and CSA Management (TSE). The boards of directors of the three related companies have approved a proposed …
NEWS ROUNDUP — Kinross raises production
Toronto-based Kinross Gold (TSE) is increasing production at the QR mine near Quesnel, B.C. The daily rate will rise to 800 from 500 tonnes, as a result of the provincial government having approved an…