American Chromium to merge with Courageous
Subject to regulatory approvals, American Chromium (ASE) and Courageous Exploration (ASE) will amalgamate on Jan. 1, 1992. Shareholders of both companies approved the merger to form Rhonda Mining at s…
News
Spot prices at a glance (January 06, 1992)
Week’s Price (US) Change Gold* $353.40 – $ 6.00 Silver* $ 3.86 – $0.04 Platinum*$334.20 – $5.65 Nickel**$ 3.25 $0.00 Lead** $ 0.24 – $0.01 Copper $ 0.98 $0.00 Zinc $ 0.53 $0.00 Courtesy of Scotiabank….
SB shows that small mines can make a profit
The SB gold mining venture was small and short-lived, but it was profitable and an operating success for 50-50 partners, Westmin Resources (TSE) and Tenajon Resources (VSE). “We’re pleased that everyt…
Teddy Bear syndicate may regain equity lost in 1984 consolidation
Teddy Bear Valley Mines (CDN) is hoping to reverse a 1984 share reorganization which concentrated ownership of the company in the hands of just a few investors. Recently, Teddy Bear’s board of directo…
Electromagnetic techniques help probe at depth
Until recently, a systematic minerals exploration program would include surface mapping and soil sampling, provided the overburden was responsive in the latter case and if there was sufficient rock ex…
Debt settlements profit Pioneer
A gain from the recent settlement of secured and unsecured debt pushed Pioneer Metals (TSE) into the black for the nine months ended Sept. 30. Net earnings for the period were $12.4 million compared t…
Cusac would buy Table Mountain
After completing a due diligence review of the Table Mountain mine, Cusac Industries (TSE) plans to proceed with the purchase of the gold project near Cassiar, B.C. The project is owned by Total Energ…
Toronto Stock Exchange Indices; Financing
Rome Resources Ltd – 600,000 shs offered @ 37 cents per sh.
NEWS IN BRIEF (January 06, 1992)
Daer Gold Mines Ltd. (DGD:VSE) has changed its name to I.M.P.A.C.T. Minerals Inc. (IPT:VSE) with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Pacific Corporate Tr…
Gold Funds (January 06, 1992)
BGR Central Net Value $8.16 $5.01 Price $7.75 $4.400 Discount 4.99% 12.2 Value $48,567,000 $74,026,920…
Toronto Stock Exchange (January 06, 1992)
Analysts were scratching their heads during the week ended Dec. 30 as lower interest rates pushed U.S. stocks to record levels and sparked a pre-New Year rally in Toronto. “It’s ironic that stocks in …
Edmonton’s placer miners don’t gauge success by profit
In Alberta, the 30-member Edmonton Gold Prospectors Association (EGPA) is sustaining a forgotten chapter in Canadian mining history — placer mining in a province where “minerals” means oil, and gold …