News


Bema to float convertible deb

Subject to regulatory approval, Yorkton Securities has agreed to complete a brokered private placement of up to $9 million in convertible debentures for Bema Gold (TSE). The debentures pay 8% and are …


NEWS ROUNDUP (January 06, 1992)

A production record was set by Minerex Resources (TSE) for the quarter ended Nov. 30. The company reports third-quarter gold production of 12,770 oz. from its 50% owned Aurora Partnership mine near Ha…


American Chromium to merge with Courageous

Subject to regulatory approvals, American Chromium (ASE) and Courageous Exploration (ASE) will amalgamate on Jan. 1, 1992. Shareholders of both companies approved the merger to form Rhonda Mining at s…


Spot prices at a glance (January 06, 1992)

Week’s Price (US) Change Gold* $353.40 – $ 6.00 Silver* $ 3.86 – $0.04 Platinum*$334.20 – $5.65 Nickel**$ 3.25 $0.00 Lead** $ 0.24 – $0.01 Copper $ 0.98 $0.00 Zinc $ 0.53 $0.00 Courtesy of Scotiabank….


SB shows that small mines can make a profit

The SB gold mining venture was small and short-lived, but it was profitable and an operating success for 50-50 partners, Westmin Resources (TSE) and Tenajon Resources (VSE). “We’re pleased that everyt…



Electromagnetic techniques help probe at depth

Until recently, a systematic minerals exploration program would include surface mapping and soil sampling, provided the overburden was responsive in the latter case and if there was sufficient rock ex…


Debt settlements profit Pioneer

A gain from the recent settlement of secured and unsecured debt pushed Pioneer Metals (TSE) into the black for the nine months ended Sept. 30. Net earnings for the period were $12.4 million compared t…


Cusac would buy Table Mountain

After completing a due diligence review of the Table Mountain mine, Cusac Industries (TSE) plans to proceed with the purchase of the gold project near Cassiar, B.C. The project is owned by Total Energ…



NEWS IN BRIEF (January 06, 1992)

Daer Gold Mines Ltd. (DGD:VSE) has changed its name to I.M.P.A.C.T. Minerals Inc. (IPT:VSE) with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Pacific Corporate Tr…


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