PEOPLE — GREAT LAKES
Gerald Gauthier appointed vice-president of mining; M.O. Svela appointed vice-president of corporate relations; Paul Stein appointed director.
News
Gold Funds (August 01, 1994)
Gold Funds as of July 25 BGR Central Net Value $17.29 $6.79 Price $15.50 $7.125 Premium 4.9% Discount 10.34% Value $140,450,000 $128,957,513…
Central Crude raises funding
A private placement of 6 million special warrants has raised $9.3 million for Central Crude (TSE). The company, which is changing its name to River Gold Mines, intends to use most of the proceeds to d…
PEOPLE — NORCAN (August 01, 1994)
Michael Zuber appointed president and director; William Pettigrew, Chet Idziszek, Basil Pantages, Arthur Luney, Dustin Elford and Arnold Wolfe appointed directors.
PEOPLE — TOPAZ (August 01, 1994)
Donald Foran and S. Gilmour appointed directors.
Placer options Musselwhite area play
Senior gold miner Placer Dome (TSE) is optioning the Neawagank Lake property from Wiscan Resources (ASE). The property is 40 km southeast of Placer’s Musselwhite gold project, in the Opapimiskan Lake …
Is there a third bidder waiting in the wings? — American
Just two short weeks after Royal Oak Mines (TSE) launched an aggressive takeover bid for Lac Minerals (TSE), a second suitor — gold giant American Barrick Resources (TSE) — has made an offer for the…
Iron Colt grades surpass expectations
Results from underground development on the Iron Colt gold-silver project near this historic camp are surpassing the expectations of joint-venture partners International Silver Ridge Resources (VSE) a…
Barrick opts for Peruvian project
Having scoured Latin America and Southeast Asia, American Barrick (TSE) has taken its first major step outside North America by buying a piece of a Peruvian project. The company has committed US$20 mi…
Copper mines staging comeback in British Columbia
Several shutdown copper mines in British Columbia will re-enter production this year, largely because their economics have been improved by higher copper prices and a weaker Canadian dollar. The reope…
Feasibility study for Bolivian project
By late August, results are expected from a preliminary feasibility study of the Amayapampa and Capa Circa gold properties in Bolivia. Da Capo Resources (VSE) retained Kilborn Engineering to calculate…
EDITORIAL PAGE — Stay tuned
The week has been full of surprises in the bidding war over Lac Minerals. Just as the precocious upstart, Royal Oak Mines, which originally put the Lac ball into play, seemed to be winning over frustr…