Placer’s Willson speaking at CIM
The buzzword “globalization” will figure prominently in the speech of Placer Dome President John Willson when he addresses the Jan. 20 dinner meeting (and Students’ Night) of the Toronto branch of the…
News
OSC seeks power to make own rules
The Ontario Securities Commission (OSC) has recommended to a provincial task force that it be granted rule-making powers, although any new regulation could still be vetoed by the Ontario government. T…
Goldbrook affiliate options gold bet
The Garden Lake gold property north of Thunder Bay, Ont., has been optioned by Weaver Lake Explorations. The 3,960-acre concession consists of eastern and western claim groups. The latter includes the…
Broadlands expands Bolivian holdings
The acquisition of the Ancohuma concession near Yani, Bolivia, gives Broadlands Resources (VSE) a second property in the country. Broadlands, which has been working on its nearby La Suerte property si…
THE DIAMOND PAGE — Production decision possible in 1994,
A production decision is possible late this year for the first commercial diamond mine in North America, according to a research report by First Marathon Securities. The investment firm based its opti…
U.S. Hall plans renovation work
The U.S. National Mining Hall of Fame and Museum plans to begin work soon on a US$788,000 renovation and new construction project. The Hall occupies a 3-storey Victorian schoolhouse in Leadville, Colo…
Western Quebec
A private placement of treasury shares will be used to redeem a promissory note of $600,000, in part to provide funds for further exploration of the McKenzie Break gold property in northwestern Quebec…
FINANCING (January 10, 1994)
Bema Gold 6.4 million units issuable upon conversion of 2.4 million first special wts and 4 million second special wts, each unit consisting of one common sh and one sh purchase wt, and 100,000 common…
Planned transfer of interests fails
A proposed transfer of the Magino and Magnicon mining properties to a newly formed joint exploration company will not proceed. The proposed transaction involved Flanagan McAdam Resources (TSE), McNell…
Int’l Homestead hits gold and zinc in Kirkland Lake-Larder
International Homestead Resources (VSE) is one of many companies with projects under way in the Kirkland Lake-Larder Lake camp of northeastern Ontario. Drilling to test a 6-channel, airborne electroma…
STOCK MARKETS — Golds add oomph to New Year
Now that’s the way to kick off trading on the first day of a new year. The Toronto Stock Exchange 300 Composite Index, fueled largely by the gold sector, climbed 47.11 points on Jan. 4 to close our re…
METALS COMMENTARY — Interesting year ahead for metals
Along with everyone else, Canadian metal producers finished 1993 with a sigh of relief, and hope for a better year ahead. Last year, amidst the most severe recession in decades, Canadian miners were i…