Montreal Exchange (March 16, 1992)
The market turned down during the week ended March 10. The mining and minerals index slipped by 8.1 points and the market portfolio was off by 33.7 points. Daily trading volumes ranged between 3.9 mil…
News
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 …
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…
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…
Corona entertains takeover proposals
While not officially on the block, International Corona (TSE) is being courted by a number of international mining companies interested in a possible “business combination.” Dundee Bancorp (TSE), Coro…
Granges dispute remains unsettled
Legal proceedings against Granges (TSE) are unlikely to be settled in short order judging from recent action taken by plaintiffs Oxford Acquisitions. Oxford, through a suit launched almost three years…
LETTERS TO THE EDITOR (March 16, 1992)
I was born in a small wonderful community in northern Ontario, west of Sudbury in the town of Massey. My father owned a business started by his father in the late 1800s known as Sadowski & Co. General…
EDITORIAL PAGE (March 16, 1992)
The remarkable turnaround at the Dome gold mine is directly linked to management’s ability to gain control over staffing. As a result, a mine on the verge of closing two years ago is now planning for …
PDAC selects Watson for Prospector award
The Prospectors and Developers Association of Canada (PDAC) will honor Mackenzie Watson for his participation in numerous mineral discoveries during the past 25 years by naming him “prospector of the …
Cominco won’t up stake in Louvicourt
Faced with mounting debts and a string of new projects to finance, Vancouver-based Cominco (TSE) is giving up its direct participation in the Louvicourt Twp. massive sulphide discovery at Val d’Or, Qu…
Goldhunter, SEG negotiate option
A letter of intent has been signed by Goldhunter Explorations (ASE) and SEG Exploration (ME) which would see SEG acquire an option to earn a 60% interest in base and precious property in the Springer …
NEWS IN BRIEF (March 16, 1992)
International Baron Resources Ltd. (IBQ:VSE) has changed its name to Azco Mining Inc. (AZC:VSE) with a consolidation of capital on a 1-new-for-6-old-share basis. The transfer agent is Central Guaranty…