Dundee subsidiary proposes merger
Dundee Bancorp (TSE) says its wholly owned U.S. subsidiary Dundee Bancorp International has proposed a merger with Avalon Corp. and Zemex Corp. whereby Avalon and Zemex would become subsidiaries of Du…
News
Siderock showings in Manitoba
Reporting encouraging showings this past summer from its Bissett area gold claims in Manitoba was private company Siderock Gold. The company says sampling grades ran up to 39 grams gold per tonne and …
Lac boosts loan by US$100 million
A US$70 million, 5-year loan to Lac Minerals (TSE) has been increased to US$170 million. The new loan, arranged with a syndicate of Canadian and international banks led by N.M. Rothschild and Sons, wi…
Proposals sought for graphite play
A Bermudian mining finance and investment company listed in Luxembourg, European Mining Finance (EMF), says it is trying to find a buyer or partner for a graphite property north of Kingston, Ont. EMF …
STOCK MARKETS — Granges climbs to new high on news from
Shares of Granges Exploration got a jump start during the week ended Oct. 20 after its subsidiary, VSE-listed Hycroft Resources and Development, announced new reserve figures for the Crofoot/Lewis gol…
Gold Funds (October 26, 1992)
BGR Central Net Value $8.03 $5.12 Price $6.75 $4.80 Discount 15.95% 6.3% Value $46,972,000 $80,756,640…
Golden Giant output to fall in ’93
After being in control for just over a year, Hemlo Gold Mines’ (TSE) new management team appears to be achieving its corporate objectives of making the company a low-cost producer and environmentally …
Homestake restructuring should save $25 million
By year-end, Homestake Mining (NYSE) expects to complete a major corporate restructuring which is expected to reduce its annual administrative and exploration expenses by more than $25 million beginni…
Louvem shareholders OK reorganization
Shareholders of Societe Minere Louvem (TSE) have approved a plan to divide Louvem into two distinct public companies. A new company, Novicourt Inc., will retain Louvem’s 45% interest in the US$326-mil…
Murray Brook drilling cuts good grades NovaGold confirms
Results from 12 inclined holes at the Murray Brook mine in northern New Brunswick confirm that a significant primary copper zone underlies the lower-grade supergene layer now being mined. Testing 350-…
NEWS ROUNDUP — Conwest increases stake in Professor
Recently increasing its ownership position in Consolidated Professor Mines (TSE) was Conwest Exploration (TSE). Conwest purchased 829,949 shares of Professor under a private agreement and now owns mor…
Mt. Polley first to get past B.C.’s assessment process
A mine development certificate was recently awarded to Imperial Metals (TSE) for its 100% owned Mt. Polley copper-gold project near Williams Lake, B.C. The project is the first major new mine authoriz…