ODDS’N’SODS — Geco’s canoe-barge service
The Peterborough freight canoe served many purposes over the years and was a sturdy, adaptable craft used by mining operations throughout Canada. The Geco mine in Ontario was isolated in the early exp…
News
Madsen raises financing for past producer in Red L.
Madsen Gold (TSE) has completed a previously announced $1.2-million private placement. It has also applied for, and expects to receive, a $300,000 grant from the Northern Ontario Heritage Fund, bringi…
Newhawk, Granduc plan Bruceside exploration work
Field work is expected to begin shortly at the Bruceside portion of the Sulphurets property near Stewart, B.C. Newhawk Gold Mines (TSE) and Granduc Mines (TSE) — 60-40 owners, respectively — plan to…
New mines signal growth for Euro-Nevada
The best may be yet to come for Euro-Nevada (TSE), as four new gold mines in the company’s royalty portfolio are being readied for production over the next 24 months. Chairman Pierre Lassonde recently…
Rio metals unit
All North American service centre and metals distribution activities managed by Rio Algom (TSE) will be consolidated into a new entity called North American Metals Distribution Group. The group will c…
PEOPLE — NEW RIO RES.
Peter Dunfield appointed vice-president of corporate finance.
PEOPLE — GOLD CITY (July 11, 1994)
John Chapman appointed director, president and chief executive officer; W. Kure and M. Smale appointed directors.
PEOPLE — ARIMETCO INT’L (July 11, 1994)
Roy Shipes appointed president and chief operating officer.
PEOPLE — WORLD GOLD COUNCIL
Dennis Wheeler appointed U.S. director.
NEWS IN BRIEF (July 11, 1994)
Camine Resources (KRJ.A:ASE) has changed its name to Beckett Technologies on a share-for-share basis.
GOLD FUNDS (July 11, 1994)
BGR Central Net Value $17.22 $6.84 Price $15.68 $7.50 Premium 9.6% Discount 8.96% Value $139,879,000 $135,744,750…
Redell plans drilling
A private placement of 160,000 units at 64 cents each will enable Redell Mining (VSE) to finance summer drilling on its La Forma gold mine property in the Yukon. The junior will test a potentially hea…