Terra Mines to lose major asset
Future production at the Amelia mine in Mexico may be stalled due to financing difficulties reported by the mines’ major controller, Terra Mines (TSE). Payments required by the mineral rights purchase…
News
ATLANTIC REPORT Technology highlighted at Halifax session
A Wall Street bankruptcy could slow financing for a Nova Scotia coal project. Drexel Burnham Lambert was in the process of floating a junk bond issue for Curragh Resources of Toronto when it filed for…
Societe Miniere Louvem declares dividend
Societe Miniere Louvem (TSE) says that under an arrangement approved before Christmas, it will pay out a 0.935 cents dividend to preferred shareholders of record on Feb. 26. The arrangement between ma…
Becker, Banting still busy after decades in business
At an age when most of their contemporaries are living off their pensions, Todson Becker, 80, and partner Howard Banting, 72, are still doing deals and making a living from the exploration business. F…
Gold funds as of Feb. 27
MVP BGR Central Capital Net value $12.54% –$6.49% $0.43 Price $11.00% –$6.625% $0.37 Discount 12.28% 2.1%5 –14% Value $74,634,533 $109,330,469 N/A…
People (March 05, 1990)
INTERNATIONAL COPPER ASSOCIATION — Dr. Nathan Church appointed technical director, metallurgy, succeeding Dr. Dale Peters who has jointed the Copper Development Association.
TAC askks for papers
The Tunnelling Association of Canada (TAC) will hold its 8th annual general meeting Nov. 1-2. Submit abstracts of papers, in English or French, on technical advances in designing and constructing unde…
Toronto Stock Exchange Panic in Japan fails to ruffle Toronto
Canada’s largest stock market continues to weather the storm that is blowing across the Tokyo Stock Exchange. While Japanese investors watched in horror as the Nikkei index fell by 1,569 points — the…
Balance sheet improves in ’89 for Giant Yellowknife Mines
Earnings of $3.6 million (43cents per share), before unusual items, on revenue of $119.5 million were reported by Giant Yellowknife Mines (TSE) for 1989. After providing $3.8 million for an unusual af…
Gold, oil interests pay off at Horsham
Investments in gold and oil production appear to have paid off handsomely for Toronto-based Horsham (TSE). Horsham, which controls American Barrick Resources (TSE), says net earnings in 1989 increased…
Vancouver Stock Exchange Trading is dull as gold falls
Trading was relatively dull during the week ended Feb. 27, the Vancouver Exchange dropping 0.42 points to 724.6. Gold bullion’s steep dip may have had something to do with the market’s lethargy. The y…
FINANCING (March 05, 1990)
ONTARIO Sindor Res — final rec iss offer 2,200,000 @ 50cents per unit to net $1,001,000. VANCOUVER Black Rock Nevada — 800,000 sold for gross $360,000. Fortress Res — opt exerc on 175,000 @ 40cents…