NEWS IN BRIEF (May 16, 1994)
City Resources (Canada) (CIZ:VSE) has changed its name to Misty Mountain Gold (MGL:VSE) on a share-for-share basis.
News
El Callao gold prospect — Teck, Kinross team in Venezuela
Within a year of acquiring several promising gold deposits in North America and Zimbabwe, Kinross Gold (TSE) has set its sights on Latin America. At the annual meeting in Toronto, the company announce…
Positive results in Privat Twp.
Drillers have uncovered gold and copper mineralization at a property near Amos, Que. Exploration Orbite (ME) intersected 40 sulphide-bearing sections, the thickness of which varies from a few feet to …
EDITORIAL PAGE — Lament for a province
In mid-1985, Ontario’s debt stood at $30 billion. Throughout the following five years of Liberal profligacy, despite a robust economy during most of that half-decade, the debt rose to $39.3 billion. (…
Investors, speculators give gold market a boost
In its latest annual survey of the gold market, Gold 1994, Gold Fields Mineral Services (GFMS) of London says “1993 will be remembered in the gold market chiefly for the resurgence of buying interest …
Ottawa pledges support for Canada’s mining sector
The federal government is determined to maintain a healthy mining industry within the context of sustainable development, Natural Resources Minister Anne McLellan told delegates at the recent Mineral …
COMMENTARY — Mexico’s Bolsa growing stronger
The Mexican Stock Exchange (Bolsa Mexicana de Valores), one of the fastest-growing stock markets in the world, celebrates its 100th anniversary this year. The Bolsa is already the largest of the world…
Bunting retiring as TSE president
The president of the Toronto Stock Exchange will retire at the end of 1994. “I’m pleased to be leaving the exchange when it’s in such good financial condition and at a time when we have moved into a p…
PRODUCER PRICES (May 16, 1994)
ALUMINUM: MW U.S. market US60.75-61.75 cents per lb. (April 21, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1…
Chase amends option on Philippine company
An option to acquire a 59.9% interest in the Philippine company Taysan Copper has been amended to the benefit of Chase Resource (TSE). The amendment extends to May, 1997, the deadline for the final pu…
Pegasus growth tied to international plays
Growth in reserves and output is the name of the game in the gold mining business. Pegasus Gold (TSE) plans to achieve this growth by combining grassroots exploration with participation in advanced de…
Redfern funding
Though subject to regulatory approval, funds are now in place for further exploration of the Tulsequah Chief and Big Bull claims in northwestern British Columbia. Redfern Resources (TSE) has negotiate…