NEWS ROUNDUP — MIM free to sell Granges stake
Producer Granges (TSE) has failed to find a buyer for the 12.7 million shares in the company owned by MIM Holdings. The shareholding represents 37% of the issued shares in Granges and the agreement wi…
News
STOCK MARKETS — Concern over interest rates shakes resource
With gold drifting at the US$378-per-oz. level and major markets shaken over interest rate concerns, the Vancouver Stock Exchange traded lower during the period ended March 8. The VSE resource index s…
Company director fined in accident
A company director, along with the company itself and a supervisor, has been convicted of an offence, the first under Ontario’s revised Occupational Health and Safety Act. The accused pleaded guilty r…
Toronto Stock Exchange Indices (March 14, 1994)
— 1994 — Mar 8 Mar 7 Mar 4 Mar 3 Mar 2 High Low Composite”300″ 4431.23 4436.65 4398.56 4370.25 4362.21 4601.09 4286.54 Metals&Minerals 3730.18 3786.79 3728.30 3675.76 3654.52 3855.09 3495.59 Integra…
Viceroy launches global exploration initiatives
With the Castle gold mine churning out more gold and healthier profits, Viceroy Resource (TSE) is setting its sights on opportunities farther afield. The company has joined Gwalia Consolidated, an Aus…
Reunion to develop Zimbabwe copper
A subsidiary of Caledonia Mining (TSE) plans to develop its Sanyati copper oxide project in Zimbabwe. Reunion Mining estimates the cost to be US$8.7 million. The news comes after the completion of a f…
NEWS ROUNDUP — Altai adds to Peruvian holdings
Toronto-based Altai Resources (TSE) has acquired two more gold properties in western Peru. The Rio Colorado covers 2,000 acres in Ferrenate province, north of Chimbote City. Selected grab samples retu…
NEWS ROUNDUP — Glamis options Mexican gold
A wholly owned Mexican subsidiary of Glamis Gold (TSE) is acquiring the property known as El Rosario, in Chihuahua state. An initial payment of US$60,000 has been submitted, with a signed letter of in…
International Gold Fund formed
A new venture capital fund has been formed for the purpose of acquiring direct equity and equity-related investments in gold mining companies or foreign gold projects. Investments of the latter type w…
Florida conference to focus on Latin American activity
The third annual “Investing in Americas” conference is scheduled for April 11-15 at Bal Harbour, Fla. The conference, which highlights the mining investment potential of various Latin American countri…
COMMENTARY — Namibia attracting Canadians
As more and more Canadian mining companies move offshore, one country sure to gain prominence in the next few years is Namibia. Hidden in the shadow of South Africa for 75 years, Namibia is now being …
Rea Gold making production plans for Mt. Hamilton
Although a detailed evaluation remains to be done, Rea Gold (TSE) is confident that grades and thicknesses on the N.E. Seligman deposit have been confirmed by drilling. The deposit is part of the Mt. …