Record monthly trading by ME
The Montreal Exchange set a monthly record in January when $3.8 billion worth of shares changed hands. The general market portfolio index set a new daily record Jan. 19, which was eclipsed Feb. 1 when…
News
PEOPLE — ATLANTA GOLD (February 21, 1994)
Karl Rollke appointed president.
Starmin set to buy Friedland firms
The paperwork is about to increase at Starmin Mining’s Toronto office as the junior prepares to acquire two private companies and undergo a restructuring. The Toronto-listed company will gain all the …
Summo plans public offering
To demonstrate its confidence in several projects in the western U.S., Summo Minerals has announced plans to make a public offering this spring. The most advanced of its projects is in San Juan Cty., …
Kinross drills new zone at Hoyle Pond
Toronto-listed Kinross Gold may have discovered a significant new zone at its Hoyle Pond mine in Timmins, Ont. Results from the first three holes of a drill program suggest as much. The discovery occu…
CanQuest builds B.C. portfolio
Despite, or perhaps because of, the exodus of numerous companies to offshore destinations, some British Columbia-based juniors have opted to stay put. Consider CanQuest Resource, which is planning a p…
Santa Fe boosts reserves
The proven and probable gold reserves of Santa Fe Pacific (NYSE) jumped 26% during the second half of 1993. The biggest boost was experienced at the Twin Creeks mine near Winnemucca, Nev., mainly in t…
PEOPLE — MONK GOLD & RESOURCES
William Doerfling appointed chief financial officer and director; Victor Retamal Araya appointed vice-president, mining operations for Neuquen province, Argentina.
Taylor Rand plans work on Grant mine
With a comprehensive geological report now in hand, Taylor Rand is getting serious about exploring and developing properties it holds in southwestern Montana. Chief among those is the past-producing U…
NEWS IN BRIEF (February 21, 1994)
Safeguard Ventures (SFV:VSE) has changed its name to Amar Ventures (AVI:VSE) on a 1-new-for-5-old-share basis.
Barrick’s proposal rejected by Bre-X
A proposal in which American Barrick Resources (TSE) offered to acquire property joint-venture options and an equity stake in Bre-X Minerals (ASE) has been rejected. “We declined Barrick’s offer becau…
GOLD FUNDS (February 21, 1994)
Gold Funds as of Feb. 16 BGR Central Net Value $16.44 $6.63 Price $15.00 $7.25 Premium 9.4% Discount 8.78% Value $92,115,000 $131,219,925…