Inco turns profit in 1993
Red ink flowed in the last quarter of 1993, but Inco (TSE) turned a profit on the year. Net earnings (unaudited) for last year amounted to US$28.2 million, compared with a net loss of US$17.6 million …
News
Glamis Gold boosts Imperial interest
Gold producer Glamis Gold (TSE) plans to buy a 35% interest in the Imperial County project in California. In exchange for paying $1 million in cash to Arizona Star Resource (VSE), Glamis would acquire…
Barrick to back Canarc
In an effort to muscle into South America, gold giant American Barrick Resources (TSE) has agreed to a strategic and financial relationship with Canarc Resource (VSE). The deal follows on the heels of…
Amalgamation of Dickenson, Goldcorp before shareholders
Shareholders will vote March 16 on a plan to amalgamate Dickenson Mines (TSE), Goldcorp (TSE) and CSA Management (TSE). The boards of directors of the three related companies have approved a proposed …
Musto accepts MIM offer
The Bajo de la Alumbrera gold-copper deposit has been given the green light. Meeting in Toronto, officials from International Musto Explorations (TSE) and MIM Holdings announced they have agreed to de…
Strong VSE trading trend continues into 1994
Market trading maintained its strength and stock prices rose on the Vancouver Stock Exchange (VSE) in January as the volume and value of shares traded surpassed December figures. Overall, the market c…
EDITORIAL PAGE — The digital nightmare
The age of the computer was supposed to have delivered us from the mountains of paperwork generated by our obsolete, pre-Information Age technologies. That deliverance seems decades away yet. If anyth…
ODDS’N’SODS — Mine rescue remembered
In the summer of 1993, I was manning a tourist office in our village when an extremely lame man and his wife came in. After exchanging a few pleasantries, he asked, “Do you know a George Wallace who l…
Financing (February 07, 1994)
Aurex Res. — 3.5 million units issuable upon the exercise of 3.5 million special wts, each unit consisting of one common sh and one non-transferable sh purchase wt @ $1 per special wt. Metall Mining …
Gold Funds (February 07, 1994)
BGR Central Net Value $16.57 $6.41 Price $14.88 $7 Premium 9.2% Discount 10.22% Value $92.8 million $126.7 million…
Geomaque to raise $10 million
Geomaque Explorations (CDN) plans to raise $10 million by issuing special warrants. Each special warrant will be exchangeable into one common share at no extra cost. Proceeds will be used to put into …
LAST BUT NOT LEAST — Asarco sells Australian unit
International base metals producer Asarco (NYSE) has sold its remaining 45.3% interest in Asarco Australia for US$79.5 million. The sale of the 66.5 million shares will result in an after-tax gain of …