Aurizon Mines offer
Vancouver-based Aurizon Mines (TSE) has made an offer to redeem all of the company’s 5 7/8% Swiss franc convertible bonds totalling 35 million francs ($32.5 million). For each 5,000 franc ($4,643) pri…
News
Stratmin making rights offering
Montreal-based Stratmin (ME) is hoping to receive about $6 million from a rights offering. Holders of the company’s A shares, as of the close of business Dec. 19, will receive three rights for each sh…
Toronto Stock Exchange Indices (December 31, 1990)
Dec.25 Dec.24 Dec.21 Dec.20 Dec. 19 HIGH LOW Composite “300” Holiday N/A N/A 3255.43 3253.74 4009.47 3009.91 Metals & Minerals Holiday N/A N/A 2769.88 2784.22 3453.06 2502.63 Integrated Mines Holiday …
Trimin share buyback stalled
A formal valuation of the shares of Trimin Resources (TSE) may be required before the company can proceed with a buyback offer for up to 2.2 million of its shares. The company applied to various secur…
Share volumes tumble in market slump
When people can’t sleep at night worrying about their investments, they tend to stay out of the stock markets, says Fred Ketchen, director of equity trading at Toronto- based ScotiaMcLeod Inc. Accordi…
U.S. REPORT Placer drilling on Talapoosa project
An 8,000-ft. drilling program has started on the Talapoosa project in Lyon Cty., Nev. The U.S. unit of Placer Dome (TSE) is the operator on the property and can earn a 51% interest from Athena Gold (V…
Guyana gold find reported by S.A. Goldfields, Denison
Joint venture partners South American Goldfields (TSE) and Denison Mines (TSE) have reported a new high-grade gold discovery near a former gold mine on their Aurora property in Guyana. The partners re…
Security expert says attitudes changing
The head of a growing mining security company says industry attitudes toward security in the workplace are starting to change. Ray Rose, president of Sudbury- based Cambrian Alliance Protection Servic…
NEWS IN BRIEF Stag Explorations Ltd.
Stag Explorations Ltd. (SGP:VSE) has changed its name to Stag Holdings Ltd. (SGP:VSE) with no consolidation of capital. The transfer agent is Montreal Trust.
Developing U.S gold projects show marked decline in 1990
The number of gold projects at the preproduction stage in the U.S. has declined by 67% over the past year, according to Potential New U.S. Gold Production, a study by Halifax-based Metal Economics Gro…
Stepout drilling returns wide copper-gold values at Kemess
A 17-hole drill program on the South Kemess property in the Toodoggone district of British Columbia continues to return wide intersections of copper- gold mineralization. El Condor Resources (VSE) and…
NEWS IN BRIEF Battle Mountain Gold Co.
Battle Mountain Gold Co. (BMG:NYSE:TSE) has declared a quarterly dividend on its common stock of 2.5 cents per share, payable Feb. 19, 1991, to shareholders of record on Feb. 4, 1991.