Aronos plans private placement
A $1-million private placement, subject to shareholder approval, is planned by Aronos Multinational (CDN) for its gold project in the Mexican state of Sonora. The placement will involve the issue of o…
News
STOCK MARKETS — Toronto market slides but penny stocks boost
The average daily trading volume on The Toronto Stock Exchange surged to about 50 million shares during the week ended Jan. 12, compared with 30-35 million shares on any given day last year. Market wa…
STOCK MARKETS — Juniors gain from positions in Venezuelan
Continued weakness in diamond-related issues after the previous week’s selloff hampered western markets during the period ended Jan. 12. The Vancouver Stock Exchange resource index was left unchanged …
Swedish parent would sell Geonics
A policy of privatization by the Swedish government has placed Geonics Ltd. of Mississauga, Ont., on the sales block. Geonics is wholly owned by the SGAB Group, a state-controlled Swedish enterprise c…
EDITORIAL PAGE — Power for all
Among the “hot” issues of the day is electricity. What will be the source of future production? Will it be affordable? What about any harmful effects to the environment? Perhaps the only question not …
COMMENTARY — Of cash flow and gold prices
Analyst John Lydall of First Marathon Securities, writing in The Senior Canadian Gold Producers, 1993 Preview: In looking ahead, it is important not only to focus on likely earnings but also on each c…
Program named after Aitken
A new sustainable development internship program will be named in memory of the late W.R.O. (Roy) Aitken, federal Environment Minister Jean Charest announced recently. Aitken, who died last November a…
VSE resource index posts 50% increase
Market activity on the Vancouver Stock Exchange increased during 1992, with both higher volume and value reported. Total volume trading in 1992 reached almost 3.9 billion shares compared with about 3….
Spot prices at a glance (January 18, 1993)
Week’s Price (US) Change Gold* $327.85 – $1.00 Silver* $ 3.67 – $0.03 Platinum* $356.60 – $1.10 Nickel** $ 2.72 – $0.10 Lead** $ 0.20 $0.00 Copper $ 1.01 – $0.05 Zinc $ 0.48 – $0.00 Courtesy of Scotia…
NEWS ROUNDUP — Phelps Dodge in property option
Phelps Dodge Corp. of Canada, a unit of Phelps Dodge (NYSE), has optioned the Nine Mile Brook base metal property in New Brunswick from Corner Bay Minerals (TSE) and joint venture partner Roycefield R…
NEWS ROUNDUP — Placer no longer interested in ATT
Although Placer Dome (TSE) recently announced it will not be proceeding with an option to earn a 60% interest in the ATT claims in north-central British Columbia, owner Claimstaker Resources (VSE) pla…
McKnight heads for Cordillera
William McKnight will replace Jake Epp as a speaker at the Mineral Economics Symposium sponsored by the Canadian Institute of Mining, Metallurgy and Petroleum to be held here Jan. 25. McKnight replace…