EDITORIAL PAGE — Parliamentary gridlock
The nature of the debate in the House of Commons (we use the term “debate” loosely) during the first week of the new Parliament was not encouraging. For those of us concerned about Canada’s economic w…
News
William options Transvaal project
Montreal-based William Resources (ME) has an option to acquire the Malmani gold property in the South African province of Transvaal. The deal is with Braeside Investments of the United Kingdom. Willia…
AMR buys another rare earth factory
Having acquired 60% of a rare earth plant in China last year, Advanced Material Resources (ASE) has bought an 80% joint-venture stake in another such factory in the same country. The former project is…
Bema converts debt to equity
By converting its debt to equity, Bema Gold (TSE) significantly improved its financial position in 1993. Convertible debentures totaling $15.8 million were swapped for equity, and a further 1.1 millio…
NEWS ROUNDUP — Habsburg ends dispute
All claims against Habsburg Resources (VSE) made by Resell Mining (VSE) and Panther Mines (VSE) have been settled. The claims stem from outstanding advance royalty payments left in arrears by the prev…
Cyprus drilling at Noyon Twp.
A drilling program has been started by Cyprus Canada on the Noyon Twp. gold property in Quebec. The property is owned 70% by Northway Explorations (TSE) and 30% by T&H Resources (TSE). In 1993, a prel…
TORONTO STOCK EXCHANGE INDICES (January 31, 1994)
— 1994 — Jan 25 Jan 24 Jan 21 Jan 20 Jan 19 High Low Composite”300″ 4456.21 4465.80 4501.94 4542.38 4562.90 4574.32 4286.54 Metals&Minerals 3625.50 3613.25 3619.51 3717.27 3726.96 3742.06 3495.59 In…
USMX releases Dewey reserve
The geologic resource for the Dewey Dome area of the Thunder Mountain property is estimated at 8.4 million tons grading 0.04 oz. gold per ton. USMX (NASDAQ) bases the estimate on 65 reverse circulatio…
LETTER TO THE EDITOR — Junior explorationists find the going
The article “Despite obstacles, Ontario attracting miners” (T.N.M., Dec. 27/93) is stretching the truth to some extent. Mining executives at the 2-day symposium in Toronto organized by Ontario’s Minis…
PEOPLE — CYPRUS CLIMAX METALS (January 24, 1994)
M. Patrick named director, human resources, for South America.
PEOPLE — GEOMAQUE EXPLORATIONS
Phillip Walford appointed director and vice-president, exploration.
TSE INDICES (January 24, 1994)
— 1994 — Jan 18 Jan 17 Jan 14 Jan 13 Jan 12 High Low Composite”300″ 4561.90 4544.24 4489.14 4479.90 4454.69 4561.90 4286.54 Metals&Minerals 3724.61 3687.85 3620.74 3615.81 3605.57 3736.84 3495.59 In…