Audrey accounting practices criticized
Charges by a Montreal accounting professor that Audrey Resources (TSE) inflated earnings statements to entice investors have been denied by Audrey President Guy Hebert. The Montreal Gazette, a Southam…
News
EDITORIAL PAGE — A truly regional Senate
There is an opportunity for Canada’s Constitution “fixers” to make the proposed new Senate truly representative of the country’s regions. But if they stop at simply giving provinces equal representati…
Higher costs at Sterling mine contribute to Cathedral loss
A net loss of $28,000 was reported by Cathedral Gold (TSE) for the 1992 second quarter, which the company attributed to weak gold prices and higher cash production costs at its 52% owned Sterling gold…
Noranda ups stake in Brenda to 79.1%
Noranda Minerals, a division of Noranda (TSE), has purchased 346,714 common shares of Brenda Mines (TSE) from Nippon Mining of Japan, increasing its interest in the junior to 79.1% or 3.7 million shar…
MVP sells shares of Dundee-Palliser
MVP Capital has sold 2.3 million shares of Dundee-Palliser Resources (TSE) at 14 cents per share, bringing its interest in Dundee to 38.2%. MVP also bought 1.5 million Dundee warrants for $225,000 in …
NEWS IN BRIEF (September 07, 1992)
Collins Resource Ltd. (CR:VSE) has changed its name to Madison Enterprises Corp. with a consolidation of capital on a 1-new-for-2.5-old-share basis. The transfer agent is Pacific Corp.
Lone shareholder thwarts plans Polaris-Taku hinges on merger
About 40 miles southeast of here over a spectacular setting of icefields, rivers, mountains and ocean, lies the Tulsequah River valley in northwestern British Columbia. With underground operations dat…
Norita East mine feeding Noranda’s Matagami mill
A new ore deposit in northwestern Quebec has started providing feed to the Matagami zinc-copper mining operation of Noranda Minerals. The Norita East zone, developed during a 4-year period at a cost o…
Tenajon starts new program
A work program by Tenajon Resources (VSE) is under way on the Smith property adjacent to the Snoball project being drilled by Hemlo Gold Mines and Gold Giant Minerals in northwestern British Columbia….
Goldstake buys Arizona project
The Little Giant gold-copper property in Arizona has been purchased by Goldstake Explorations (TSE). The purchase price was US$200,000 in cash, and a 2% gross production royalty with a minimum royalty…
New contract at Geco mine
Employees at Noranda’s (TSE) Geco mine at Manitouwadge, Ont., have voted 78% in favor of a new collective agreement. Under the terms of the new 2-year contract, effective Aug. 31, wages will increase …
Joint venture explores Utah’s Dugway district
The mineral potential of Utah is being given serious attention by Centurion Mines (NASDAQ), now the state’s largest holder of precious metals properties. The most recent acquisition was a 25% undivide…