COMMENTARY — Copper important to Arizona
The Arizona copper industry contributed US$5.7 billion to the state’s economy during 1993, according to a study by the Western Economic Analysis Center in Marana, Ariz. This contribution is calculated…
News
The World’s Heavyweight Gold Producers
A successful takeover of Lac Minerals by American Barrick would vault Barrick to third spot in world gold producers. A Royal Oak takeover means Barrick would be eighth in line, one spot back of a Roya…
THE DIAMOND PAGE — DHK merger back on track as three juniors
The three junior companies that jointly own DHK Resources have agreed to begin negotiations for a merger. The wheels were set in motion by way of a letter-of-intent agreement signed by Horseshoe Gold …
Cache, MSV set to acquire Inner Block
Partners Cache Explorations (ME) and MSV Resources (TSE) can acquire the Inner Block property, currently owned 70% by Corner Bay Minerals (TSE) and 30% by Quebec Crown corporation Societe Quebecoise d…
LAST BUT NOT LEAST — Nora, Fairstar buy Ghana gold play
Two Montreal-listed juniors — Fairstar Explorations and Nora Exploration — are acquiring a gold concession in Ghana, West Africa. The 150-sq.-km Benso prospect is on the eastern side of the Ashanti …
Cambiex offering to raise $10 million
Montreal-listed Cambiex has filed a final prospectus for a public offering of 12.5 million units at 80 cents each. A unit consists of one common share and one half common share purchase warrant. Each …
FINANCING (July 25, 1994)
Rio Narcea Gold Mines, Ltd. — 3,850,000 units, each consisting of a common sh & a one-half of one sh purchas wt @ $1.15 per unit. Trader Resource Corp. — 11,997,000 units to be issued on the exercis…
GOLD FUNDS (July 25, 1994)
Gold Funds as of July 18 BGR Central Net Value $17.06 $6.74 Price $15.25 $7.125 Premium 5.7% Discount 10.60% Value $138,597,000 $128,957,513…
NEWS IN BRIEF (July 25, 1994)
Levi Developments (LVX:VSE) has changed its name to RIS Resources International (RIZ:VSE) on a 1-new-for-6-old-share basis.
Royal Oak offers `paper of questionable value’ — Lac strikes
A week and a half after Royal Oak Mines (TSE) made its widely publicized, hostile takeover bid, the management of Lac Minerals (TSE) has responded with a scathing critique of the offer. Speaking at a …
Test mining a success for Fairfield Minerals
Underground test mining is returning both revenue and positive results from the company’s Siwash North gold deposit in southern British Columbia. Owner Fairfield Minerals (TSE) recently sold more than…
Ecuadorian plans further drilling on Gaby joint venture
A second stage of prefeasibility drilling is under way on the Gaby joint venture in Ecuador. Ecuadorian Minerals (ASE) is earning a 35% interest in any oxide resource outlined and a half interest in a…