WAMIC’s gala
To raise funds this year, the Women’s Association of the Mining Industry of Canada (WAMIC) in Toronto will host “Las Vegas Night” Nov. 6 at the Granite Club, 2350 Bayview Avenue. Participants can win …
News
Drill program for Omega project
A 5,000-ft. drilling program will be undertaken by Hemlo Gold Mines (TSE) on the Omega property east of Kirkland Lake, Ont., Greater Lenora Resources (TSE) reports. Hemlo Gold may earn a 60% interest …
GOLD FUNDS (September 07, 1992)
BGR Central Net Value $8.18 $4.87 Price $6.88 $4.50 Discount 15.97% 7.6% Value $48,627,000 $75,709,350…
FINANCING (September 07, 1992)
Sundance Res. Ltd. – 2,200,000 shs with 200,000 guaranteed (initial shs) @ 23 cents per sh and 2,000,000 shs on a Best Efforts basis (“remaining shs”) @ prevailing market price subject to a minimum of…
Higher costs at Sterling mine contribute to Cathedral loss
A net loss of $28,000 was reported by Cathedral Gold (TSE) for the 1992 second quarter, which the company attributed to weak gold prices and higher cash production costs at its 52% owned Sterling gold…
Noranda ups stake in Brenda to 79.1%
Noranda Minerals, a division of Noranda (TSE), has purchased 346,714 common shares of Brenda Mines (TSE) from Nippon Mining of Japan, increasing its interest in the junior to 79.1% or 3.7 million shar…
MVP sells shares of Dundee-Palliser
MVP Capital has sold 2.3 million shares of Dundee-Palliser Resources (TSE) at 14 cents per share, bringing its interest in Dundee to 38.2%. MVP also bought 1.5 million Dundee warrants for $225,000 in …
Canyon quarterly earnings jump
A 43% increase in net earnings was reported by Canyon Resources (NASDAQ) for its latest quarter ended June 30, compared with results in the year-earlier period. The Colorado-based company announced ea…
Eden Roc boosting daily throughput
Heap leaching at the Ivory Coast, West Africa, property of Eden Roc Mineral (TSE) has produced 5,785 oz. gold bullion to date, the company reports. Bullion contains 95-97% gold. The operation started …
Shadow Mountain program planned
A reverse circulation drill program will test several gold targets on the Shadow Mountain property in California’s San Bernardino district, including an area where a 1938 hole is reported to have inte…
Mahogany, N. Lily acquire claims
A formal agreement to acquire 29 unpatented mining claims in Humboldt Cty., Nev., was recently signed by partners International Mahogany (TSE) and North Lily Mines (NASDAQ). The companies will purchas…
LATIN AMERICA ROUNDUP — Free trade agreement for all?
While Canada, Mexico and the U.S. work at a North American Free Trade Agreement (NAFTA), a U.S. official says it is possible other Latin American nations could be included in the pact. Trade represent…