COMMENTARY — Making Brunswick more competitive
— From a speech by John Carrington, outgoing president of Brunswick Mining and Smelting, at the company’s annual meeting: By many standards, Brunswick Mining and Smelting is straightforward and uncom…
News
LETTERS TO THE EDITOR — Tatshenshini video would be good
From coast to coast, Canada has never known such mineral wealth from combined copper, gold, silver and cobalt reserves as that which is indicated in the northwest corner of British Columbia. The inves…
TSE SHORT POSITIONS (July 25, 1994)
Semi-monthly reports as of Jun 30, 1994 showed 249,548,306 shares of 870 issues compared with 248,555,294 shares of 866 issues on Jun 15, 1994. Larger individual positions included: Aber 51,200, down …
Vengold results cause investor concern
Although the junior has expressed encouragement over drill results from its Venezuelan properties, shares of Vengold (TSE) took a tumble, dropping $2.25 to close at $5.50, following news of the result…
Inco debenture offering grows
The size of a debenture offering (T.N.M., June 27/94) being made by Inco (TSE) in the U.S. has grown to US$172.5 million from US$150 million. Underwriter Morgan Stanley has exercised its option to buy…
Two miners killed at Eagle Point
Two miners were killed at the Eagle Point uranium mine in northern Saskatchewan when a large piece of rock fell off the side wall. Project operator Cameco (TSE) closed the underground area pending an …
NEWS IN BRIEF (July 18, 1994)
Golden Sky Resources (GLF:VSE) has changed its name to Golden Sky International on a share-for-share basis.
GOLD FUNDS (July 18, 1994)
Gold Funds as of July 11 BGR Central Net Value $17.00 $6.80 Price $15.50 $7.25 Premium 6.6% Discount 8.82% Value $138,122,000 $131,219,925…
McChip buys back 5% of issued shares
Junior McChip Resources (TSE) will make a normal course issuer bid. The bid will allow McChip to make purchases not to exceed 250,954 common shares, representing 5% of the outstanding common shares in…
High taxes, land-tenure uncertainty stunts B.C. mining
High taxation levels and uncertainty surrounding access to land and mineral tenure are stunting the growth of British Columbia’s mining industry, according to a report by Price Waterhouse. For each of…
METALS COMMENTARY — Scrap leads pack as recovery continues
The fast pace of economic activity during the first half of 1994 looks set to continue at least for the balance of the year. In ferrous markets, integrated steel producers are taking all available iro…
Bre-X encouraged by drill results
Exploration of three projects in Indonesia is yielding encouraging results for Bre-X Minerals (ASE). At the Busang prospect in East Kalimantan (on the island of Borneo), two holes drilled into the Sou…