NEWS ROUNDUP — High River Gold raising $10-m
Toronto-listed High River Gold Mines is selling 4.2 million special warrants at $2.40 each to raise $10 million. The underwriters have an option to acquire another 840,000 special warrants at the same…
News
NEWS ROUNDUP — Echo Bay in Bolivian venture
Echo Bay Mines (TSE) will finance exploration of an extensively mineralized district in Bolivia where several gold occurrences were recently identified. The major can earn a 51% interest in the Altipl…
COMMENTARY — Copper important to Arizona
The Arizona copper industry contributed US$5.7 billion to the state’s economy during 1993, according to a study by the Western Economic Analysis Center in Marana, Ariz. This contribution is calculated…
Placer options Musselwhite area play
Senior gold miner Placer Dome (TSE) is optioning the Neawagank Lake property from Wiscan Resources (ASE). The property is 40 km southeast of Placer’s Musselwhite gold project, in the Opapimiskan Lake …
PEOPLE — MONARCH
Paul Rose appointed vice-president of exploration.
PEOPLE — MAZARIN
Jacques Bonneau appointed president and chief executive officer.
STOCK MARKETS — TSE slips in wake of Quebec election call
Fears of higher interest rates in the wake of the election call in Quebec kept investors cautious, thereby leading to a small downturn on the TSE. The downturn comes despite reports of positive second…
Gold Funds (August 01, 1994)
Gold Funds as of July 25 BGR Central Net Value $17.29 $6.79 Price $15.50 $7.125 Premium 4.9% Discount 10.34% Value $140,450,000 $128,957,513…
Noble Peak raises money
Alberta-listed Noble Peak Resources is raising $400,000 through a private placement of flow-through common shares. The company recently optioned ground to Cyprus Canada, a unit of Cyprus Amax Minerals…
Hemlo Gold’s earnings increase
Increased gold production, a higher gold price and a weaker Canadian dollar all enabled Hemlo Gold Mines (TSE) to increase earnings to $38.1 million (or 39 cents a share) for the first half of 1994 fr…
Central Crude raises funding
A private placement of 6 million special warrants has raised $9.3 million for Central Crude (TSE). The company, which is changing its name to River Gold Mines, intends to use most of the proceeds to d…
PEOPLE — ROCHESTER (August 01, 1994)
Peter Christopher appointed director.