KWG negotiates private placements
Recent private placements with independent investors raised $500,000 for KWG Resources (ME), the company says. In total, 400,000 treasury shares were issued at $1.25 per share. The company said the fu…
News
Royal Oak exceeds forecast, 1991 earnings top $8 million
Gold producer Royal Oak Mines (TSE) exceeded its earnings forecast in 1991, even though its revenues were adversely affected by declining gold prices and a strengthening Canadian dollar. Royal Oak Pre…
Correction (March 16, 1992)
Contrary to what was reported in (T.N.M., March 2/92), Lyon Lake Mines (ME) will hold only 900,000 shares of Mosquito Consolidated Gold Mines (VSE) after selling its 52% interest in the Mosquito Creek…
INSIDER TRADING (March 16, 1992)
Pierre Gauthier, chairman of Montreal-based St. Genevieve Resources (TSE) and its 20% owned affiliate Societe Miniere Louvem (TSE), was active in the stock market recently. According to the Ontario Se…
Quill Lake results being evaluated
The first phase of an approximate $150,000 exploration program at the Quill Lake, Ont., property of Hemlo Gold Mines (TSE) is complete, Golden Tag Resources (VSE) reports. Tag, which optioned the prop…
Unlisted Trading (March 16, 1992)
Shares of Strike Minerals got a boost during the week ended March 10 as the company announced a drill program on its 31-claim property in the Shining Tree area of northeastern Ontario. Although a frea…
Newmont in gold deal with Uzbekistan
Colorado-based Newmont Mining (NYSE) is set to use technology developed in the U.S. to mine gold in the former Soviet Union after signing a joint venture agreement with the Republic of Uzbekistan. Und…
GOLD FUNDS (March 16, 1992)
BGR Central Net Value $8.22 $5.16 Price $7.50 $4.600 Discount 8.75% 10.9% Value $48,937,000 $77,391,780…
Beijing conference set for 1993
Gold mining technology will be the theme of an international conference June 15-17, 1993, at Beijing. The International Symposium on Gold Mining Technology will be sponsored jointly by the China Natio…
Cheni works to restructure long-term debt
With economic reserves essentially exhausted and a balance sheet in critical condition, Cheni Gold Mines (TSE) is working to refinance its bank debt as well as restructure the company’s long-term liab…
Vancouver Stock Exchange (March 16, 1992)
A review of trading activity in February for the VSE indicates that the market retained much of its momentum from January, with 381 million shares traded at a value of about $401 million. The trading …
OBITUARY (March 16, 1992)
Norman C. Croome, who has been active in the mining industry for 45 years, died recently. He was 71. Born in Rainy River, Ont., Croome graduated in civil engineering and geological studies from the Un…