Trying to balance mining and wildlife
As the debate over the reauthorization of the U.S. Endangered Species Act (ESA) intensifies, gold-mining companies, which have a big stake in the outcome, face a dilemma. While the industry supports t…
News
Federal panel approves Cameco mine
Production at Cameco’s (TSE) Eagle Point mine in Saskatchewan could begin as early as this summer, following approval from a federal environmental assessment panel. “All we’re waiting for now is feder…
PEOPLE — ENDURANCE MINERALS
Paul Carmichael appointed president and director; Richard Gliege and William McIver appointed directors.
PEOPLE — GLOBALTEX INDUSTRIES
R. Taylor appointed president; Orval Gillespie appointed chairman.
LETTER TO THE EDITOR — Uranium project decisions show
Just before Christmas last year, the Saskatchewan and federal governments jointly approved two important uranium development projects in northern Saskatchewan, the Dominique-Janine extension and a new…
Minera closes placement
Toronto-based Minera Rayrock (TSE) has closed its private placement of eight million special warrants at $2.50 per warrant. Proceeds of $20 million will be used partly to explore and develop the Bella…
U.S. Hall plans renovation work
The U.S. National Mining Hall of Fame and Museum plans to begin work soon on a US$788,000 renovation and new construction project. The Hall occupies a 3-storey Victorian schoolhouse in Leadville, Colo…
Western Quebec
A private placement of treasury shares will be used to redeem a promissory note of $600,000, in part to provide funds for further exploration of the McKenzie Break gold property in northwestern Quebec…
Three companies planning merger
Three Vancouver-listed juniors headed by Albert Applegath plan to merge this spring. The proposal calls for Tundra Gold Mines, Oneida Resources and Golden Pond Resources to form a new company, T.G.O. …
GOLD FUNDS (January 10, 1994)
Gold Funds as of Jan. 5 BGR Central Net Value $16.09 $6.58 Price $14.63 $6.875 Premium 4.5% Discount 9.11% Value $90,134,000 $124,432,688…
TSE INDICES Week —
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FINANCING (January 10, 1994)
Bema Gold 6.4 million units issuable upon conversion of 2.4 million first special wts and 4 million second special wts, each unit consisting of one common sh and one sh purchase wt, and 100,000 common…