Minerex boosts gold output
Gold producer Minerex Resources (TSE) is turning out more of the yellow metal at a lower cash cost this year than it did a year ago. The Vancouver-based company produced 8,390 oz. gold during its 1992…
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EDITORIAL PAGE — Paying for the privilege
It’s standard practice for those interested in doing exploration in unfamiliar political jurisdictions to do some preliminary research into the area. Who owns the mineral resources? Who gives out pros…
OBITUARY — W.L. Brown
William Lester (Bill) Brown, a keen field geologist who rose to become general manager of Noranda Exploration and a vice-president of Noranda Mines, died recently in Toronto. He was 81. Born in Brantf…
STOCK MARKETS — Market trading listless; gold price in
Despite a momentary recovery in the price of gold, indices on the Vancouver Stock Exchange continued to drift during the period ended Aug. 18. From its July peak of about US$360 per oz., the yellow me…
NEWS IN BRIEF (August 24, 1992)
Stoney Creek Mines Ltd. (STK:VSE) has changed its name to Cyn-Tech Ventures Ltd. with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
GOLD FUNDS (August 24, 1992)
BGR Central Net Value $7.97 $4.89 Price $7.13 $4.55 Discount 10.57% 7.0% Value $47,431,000 $76,550,565…
FINANCING (August 24, 1992)
Arrowhead Res. Ltd. – 4,000,000 shs offered, with 2,000,000 shs guaranteed and 2,000,000 shs on a Best Efforts basis @ 20 cents per sh. Sundance Res. Ltd. – 2,200,000 shs offered, with 200,000 shs gua…
TORONTO STOCK EXCHANGE INDICES (August 24, 1992)
Aug 18 Aug 17 Aug 14 Aug 13 Aug 12 High Low Composite”300″3377.82 3379.78 3368.47 3360.45 3377.75 4009.47 3009.91 Metals&Minerals 2990.72 3007.99 2973.02 2952.37 2948.27 3453.06 2502.63 Integrated Min…
Violent Yellowknife strike hurts Royal Oak’s earnings
Management of Royal Oak Mines (TSE) doesn’t appear to be backing away from asserting its “right to manage” at the Giant gold mine outside this northern community, even though the prolonged labor dispu…
Exploration planning focus of seminar
A seminar geared to persons with responsibilities for planning decisions related to mineral exploration is set for Dec. 6-12 in Kingston, Ont. “Economic guidelines for mineral exploration” will take p…
Cominco Res. pursues copper interests
Copper is featured more prominently than gold in the current list of projects being actively explored or developed by Cominco Resources International (TSE) around the world. And more projects could be…
Three rivals vie for Nova-Cogesco’s $5-million in cash
Cash-rich Nova-Cogesco Resources (TSE) has become the object of a bidding war between a health care company operating out of Texas, a west coast gold explorer, and a Toronto-based mining company. Vanc…