St. Andrew completes offering
A total of 12.6 million shares will be issued following the completion of a rights offering by St. Andrew Goldfields (TSE). The offering is expected to generate proceeds of $2.5 million.St. Andrew wil…
News
Black Hawk looks for more gold at Hoyle
Drills are turning once again at Black Hawk Mining’s (TSE) gold property in Ontario’s Hoyle Twp.The company has begun a 8,400-metre, 37-hole drill program to test the continuity of the known gold zone…
GeoNova picks up African property
Montreal-listed GeoNova Explorations has acquired an exploration concession in Burkina Faso which hosts three gold showings.The junior will be permitted to explore the 484-sq.-km Titao concession for …
Greenstone ups stake in project
Greenstone Resources (TSE) can increase its interest in the San Andres gold project in Honduras to 92% from 81.75%.The company began acquiring an interest in the project in February, 1994, since which…
Falconbridge grows despite production snags at Sudbury
Production problems at the Sudbury operations of Falconbridge (TSE) have not impaired the company’s year-over-year increases in earnings and revenues.Earnings for the second quarter amounted to $72.3 …
New agreement at CCR refinery
Unionized workers at Noranda Metallurgy’s CCR refinery voted 86% in favor of accepting the terms of a new collective agreement.The agreement, which expires in May of 1998, calls for a 2% increase in t…
PEOPLE — VANCOUVER STOCK EXCHANGE — Michael Johnson appointed president and chief executive officer.
PEOPLE — UNITED KENO HILL MINES — Frederick Sveinson appointed president and chief operating officer.
GOLD FUNDS (July 31, 1995)
Gold Funds as of July 25BGRCentralNet Value$18.12$6.617Price$14.13$6.50Discount22.06%1.7%Value$141,696,000$117,645,450…
Glamis revises bid for Eldorado
Thwarted in its original offer, Glamis Gold (TSE) has boosted its bid for Eldorado (TSE) to $1.50 plus 0.47 of a Glamis share for each share of Eldorado. Based on Glamis’s trading level of $10.38, the…
Polaris-Taku drill program is under way
Two drill rigs are operating on the Polaris-Taku property in northern British Columbia.Owner Canarc Resource (TSE) plans to drill 20,000 ft. in an initial 15-20-hole program aimed at testing two separ…
First Dynasty exploring in Myanmar
In keeping with its strategy of focusing on Southeast Asia, First Dynasty Mines (TSE) has signed an exploration agreement with the mines ministry of Myanmar (formerly Burma) for rights to three land b…