COMMENTARY — Foreign ownership in Latin America
During the 1990s, control by national governments of mineral resources and operating mines in many Latin America countries will decrease markedly and the percentage owned and controlled by foreign min…
News
Producer Prices (September 20, 1993)
ALUMINUM: MW U.S. market US54.00-54.75 cents per lb. (Sept. 2, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
Rio, Exxon team up in Wisconsin
Toronto-based major Rio Algom (TSE) and an Exxon Corp. subsidiary have joined forces to advance permitting of a 30-million-ton classic massive sulphide deposit in the north-central U.S. The deposit, n…
NEWS IN BRIEF (September 13, 1993)
Consolidated Heron Resources (CNS:VSE) has changed its name to Fintra Ventures (FVN:VSE) with a consolidation of capital on a 1-new-for-2-old-share basis. The transfer agent is Montreal Trust.
GOLD FUNDS (September 13, 1993)
BGR Central Net Value $13.59 $6.17 Price $12.00 $6.250 Discount 11.72% 1.3% Value $76,143,000 $113,120,625…
TORONTO STOCK EXCHANGE INDICES (September 13, 1993)
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NEWS IN BIREF
Kamad Silver Co. (KDS:VSE) has changed its name to Agate Bay Resources (ABE:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Montreal Trust.
LAST BUT NOT LEAST — Early redemption
Toronto-listed Northgate Exploration has called for redemption of its $40 million of 10% subordinated debentures issued in 1988. The redemption will occur 19 months ahead of the February, 1995, maturi…
LAST BUT NOT LEAST — Commercial to sell tremolite property
An offshore buyer has offered to acquire Commercial Industrial Minerals’ (CDN) tremolite industrial mineral property, 250 km northeast of Toronto. The offer, which consists of cash and a limited royal…
Royal Oak plots re-opening of Colomac mine, teams up with
The Colomac gold mine will be re-opened next spring by Royal Oak Mines (TSE), a Canadian gold producer which recently announced plans for its first mineral venture outside North America. The company p…
Gold dips to $350
The price of gold broke out on the downside Sept. 7, shedding more than US$14 per oz. to close at $350.10 on the Commodity Exchange of New York (Comex). Late the next day, the price was holding firm -…
Northfield issues private placement
Toronto-based Northfield Minerals (ASE) hopes to raise $600,000 through a private placement of more than 1.3 million units at 47.5 centsper unit. Each unit consists of one share and one warrant. A war…