Tandem sells control of Matt Berry
Montreal-listed junior Tandem Resources (ME) has sold most of its 25.3% controlling interest in Matt Berry (CDN) to GTL Investments, a private Toronto-based company. In another transaction, Matt Berry…
News
LAST BUT NOT LEAST — Asset writedown on boron venture
A 48% investment in a Chilean boron company is causing plenty of headaches for Boron Chemicals International (VSE) and parent company Trans America Industries (VSE). Boron Chemicals recently negated i…
Lac posts loss in second quarter
Citing lower realized gold prices and a decrease in production, Lac Minerals (TSE) reported a loss of US$800,000 for the quarter ended June 30 compared with second-quarter earnings of US$4.4 million (…
ODDS ‘N’SODS — Airplanes and prospecting (2)
Airplanes and prospectors were to form an interesting new bond following the Second World War. The U.S. had developed an airborne system for finding submerged German U-boats, which detected the magnet…
METAL MARKETS — Precious metals buoy summer markets
Bull market news continued to buoy precious metals markets as prices maintained the upward surge which began in March. Analysts have proposed a host of reasons for the prolonged advance, but most of t…
FINANCING (August 09, 1993)
Kettle River Resources Ltd. Private placement of 75,000 units @ $16.00 and each unit consists of sh and wt. Aztec Resources Ltd. 1,400,000 shs @ $2.90. Exall Resources Ltd. 3,720,000 units @ $1.50 per…
GOLD FUNDS (August 09, 1993)
BGR Central Net Value $14.40 $6.46 Price $13.25 $7.125 Discount 7.97% 10.3% Value $80,648,000 $128,957,513…
Mixed results for DHK
Salt Lake City, Utah-based Kennecott has released results from seven kimberlite pipe targets drilled this summer on the DHK project in the Northwest Territories. The verdict: mixed. The latest results…
Miramar lands Con funding
VSE-listed Miramar Mining has secured funding for its purchase of the Con mine in Yellowknife, N.W.T. Sprott Securities and Yorkton Securities agreed to buy, through a bought deal, 11.25 million speci…
NEWS ROUNDUP — Cornucopia buys Drinkwater project
Having completed a due diligence review, Cornucopia Resources (TSE) has exercised its option to acquire the Mary-Drinkwater gold project near Silver Peak, Nev. The company paid US$230,000 for the prop…
Champion drilling Hachita project
A 12,000-ft. drill program is testing five separate gold skarn targets, identified by geophysics and surface sampling, on the Hachita property in the southwest corner of New Mexico. The 24-hole progra…
EDITORIAL PAGE — Give us a break
We are a high-wage, highly educated society. We cant simply rely on shipping out our natural gas and crude oil and lumps of rock. So says Robert Fairholm, managing economist at DRI/McGraw-Hill in Toro…