Gold Funds (January 06, 1992)
BGR Central Net Value $8.16 $5.01 Price $7.75 $4.400 Discount 4.99% 12.2 Value $48,567,000 $74,026,920…
News
Toronto Stock Exchange (January 06, 1992)
Analysts were scratching their heads during the week ended Dec. 30 as lower interest rates pushed U.S. stocks to record levels and sparked a pre-New Year rally in Toronto. “It’s ironic that stocks in …
Edmonton’s placer miners don’t gauge success by profit
In Alberta, the 30-member Edmonton Gold Prospectors Association (EGPA) is sustaining a forgotten chapter in Canadian mining history — placer mining in a province where “minerals” means oil, and gold …
INSIDER TRADING (January 06, 1992)
A number of Sherritt Gordon (TSE) insiders including Curragh Resources (TSE) were actively buying and selling shares of the Toronto-based nickel refiner and fertilizer producer. According to the Ontar…
Thunderwood hits new Scott Lake zone
Partners Thunderwood Resources (TSE) and Greenstone Resources (TSE) have intersected a new zinc-copper-silver massive sulphide zone at their equally owned Scott Lake claims west of Chibougamau, Que. S…
EDITORIAL PAGE (January 06, 1992)
The new Russian government has decided that mining is not one of the industries it plans to privatize in 1992, according to a report from the Reuters news agency. Science Minister Boris Saltykov told …
Pioneer approves debt settlement
Shareholders of Pioneer Metals (TSE) recently approved a proposed restructuring and debt settlement agreement with Chase Manhattan Bank. Chase held Pioneer secured debt totalling about $21 million whi…
Cambior, Kimex review Porcupine
Partners Cambior (TSE) and Kimex Resources (ME) are planning a “preliminary economic evaluation” of the Porcupine gold property near Rouyn-Noranda, Que., after receiving results from four holes drille…
Unlisted Trading (January 06, 1992)
Property neighbors White Star Copper Mines and Chance Mining and Exploration emerged as the most active traders during an otherwise quiet Christmas week as Falconbridge Ltd. announced plans to explore…
Cradle Mountain raises $100,000
Vancouver-based Cradle Mountain Canada (ASE) has completed a private placement of 1.06 million shares at 10 cents per share. Proceeds of the transaction will be used for working capital and to pay out…
Black Swan settles dispute
A dispute between Black Swan Gold Mines (TSE) and Goldbelt Resources (TSE) over an option to acquire a 50% earn-in interest in certain mining properties in the Republic of Russia and the Republic of K…
GUEST COLUMN (January 06, 1992)
It may be tempting to view smugly the demise of communism in the USSR as inevitable, but we are faced with a more insidious battle within Canada over the property rights of individuals. We have experi…