News


Financing (February 07, 1994)

Aurex Res. — 3.5 million units issuable upon the exercise of 3.5 million special wts, each unit consisting of one common sh and one non-transferable sh purchase wt @ $1 per special wt. Metall Mining …


NEWS ROUNDUP — Ramp driven at Dona Lake mine

At the Dona Lake gold mine, near Pickle Lake, Ont., Espalau (ME) has constructed a ramp for gaining access to the crown pillar. Since buying the mine last summer from Toronto-listed Placer Dome (throu…


Obituary — Janet Springer

A senior scientist with the Ontario Ministry of Northern Development and Mines (MNDM), Janet Springer died recently in an automobile accident near Sudbury. She was 57. A native of England, she spent h…


Barrick continues its record pace

American Barrick Resources (TSE) has reported record production, earnings and cash flow for the eighth consecutive year. The Toronto-based company increased reserves in 1993 by 20%, adding 5 million o…



Great Lakes files final prospectus

Great Lakes Resources (TSE) has filed a final prospectus relating to an offering of 17.5 million shares. At $2 per share, the company will receive proceeds of $35 million. It plans to use $9 million t…


Sutton releases Kabanga assays

Encouraging results have been released from the Kabanga nickel project in northwestern Tanzania. BHP Minerals can earn a 58% interest from Sutton Resources (VSE) by funding all exploration and develop…


Gold Funds (February 07, 1994)

BGR Central Net Value $16.57 $6.41 Price $14.88 $7 Premium 9.2% Discount 10.22% Value $92.8 million $126.7 million…


Toronto Stock Exchange Indices (February 07, 1994)

— 1994 — Feb 1 Jan 31 Jan 28 Jan 27 Jan 26 High Low Composite”300″ 4591.28 4554.85 4492.21 4467.35 4460.26 4591.64 4286.54 Metals&Minerals 3824.93 3807.82 3699.26 3676.73 3658.31 3855.09 3495.59 Int…


Geomaque to raise $10 million

Geomaque Explorations (CDN) plans to raise $10 million by issuing special warrants. Each special warrant will be exchangeable into one common share at no extra cost. Proceeds will be used to put into …


Kinross Gold to issue warrants

Three investment dealer firms have agreed to acquire six million Kinross Gold (TSE) warrants at $4.25 each for aggregate proceeds of $25.5 million. The warrants are convertible into an equal number of…


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