Commodity index eases slightly
The commodity price index of Scotiabank dipped slightly in June from the previous month. A pickup in the metal and mineral and oil and gas sub-indexes was offset by a decline in the forest product ind…
News
Two Yukon mining groups back Bonnet Plume work
Two territorial mining organizations hope to intervene in a court challenge to existing federal mining regulations. The Canadian Parks and Wilderness Society (CPAWS) is challenging the legality of the…
Black Swan at odds with Goldbelt
A new dispute is brewing between Black Swan Gold Mines (TSE) and Goldbelt Resources (VSE). The companies are at odds over a settlement agreement made in January, 1992, regarding the Leninogorsk gold t…
Noranda boosts earnings
Improved second-quarter and first-half results are attributed by Noranda (TSE) to stronger prices and improved sales volumes for many of the company’s principal products and to more favorable currency…
EDITORIAL PAGE — The school of hard knocks
A sobering dose of reality hit the Canadian diamond play this past week as disappointing results were released by Kennecott Canada from the DO-27 (Tli Kwi Cho) kimberlite in the Lac de Gras region of …
Vengold decides against acquisition of St. Philips
The proposed acquisition of all the shares of St. Philips Resources (VSE) by Vengold (TSE) will not proceed. Vengold had offered to purchase all the issued shares of St. Philips in return for Vengold …
AMERICAS — Chile and Mexico draw globetrotter Cominco Int’l.
Geologists working for Cominco Resources International (TSE) are ensuring that their company lives up to its name. This year’s activities include searching for porphyry copper deposits in Chile’s Atac…
GOLD FUNDS (August 08, 1994)
Gold Funds as of Aug 1 BGR Central Net Value $17.56 $6.85 Price $15.63 $7.375 Premium 7.7% Discount 11.02 Value $142,665,000 $133,482,338…
NEWS IN BRIEF (August 08, 1994)
Texas Dome Resource (TXD:VSE) has changed its name to Microkey Communication Systems on a share-for-share basis.
Phelps, Sumitomo plan expansion
Japan-based Sumitomo Metal Mining and Phelps Dodge (NYSE) will jointly enlarge, by 40%, a copper mining venture in Arizona. The total investment will be US$200 million, with Sumitomo holding 15% and P…
STOCK MARKETS — Diamonds maintain sparkle on western stock
Diamonds, diamonds and more diamonds are the reason trading activity is holding relatively steady on western markets, and holding off the expected summer doldrums. Some downward pressure on gold stock…
TVX, Kinross make joint bid for Lac
The bidding race for the takeover of Lac Minerals (TSE) has grown more crowded with the public inclusion of TVX Gold (TSE) and Kinross Gold (TSE). The two gold producers made public, near the end of J…