McLeod calls off Falconbridge deal
Mining financier Dennis McLeod has elected not to go ahead with a previously announced proposal to purchase from Falconbridge a 56.4% interest in Falconbridge Gold (TSE). In April, Portree Inc., a pri…
Articles by Northern Miner Staff
Control changes at Bull Run
Norman Burmeister, president of Bull Run Gold Mines (NASDAQ), recently sold all his shareholdings in the company to the Robinson-Prather Partnership. The purchase price for Burmeister’s 1.284 million …
Pezim firms drop Vaughan option
Three of Murray Pezim’s juniors recently dropped options to earn an interest in the Vaughan gold project in South Carolina. International Viking Resources (VSE) terminated its option to earn an intere…
GOLD FUNDS (July 20, 1992)
BGR Central Net Value $8.26 $5.04 Price $7.13 $4.70 Discount 13.72% 6.70% Value $49,169,000 $79,074,210…
TORONTO STOCK EXCHANGE INDICES (July 20, 1992)
July 14 July 13 July 10 July 9 July 8 High Low Composite”300″3463.17 3449.23 3447.55 3439.75 3418.38 4009.47 3009.91 Metals&Minerals 3210.36 3203.69 3203.87 3201.46 3172.31 3453.06 2502.63 Integrated …
STOCK MARKETS — Rising gold stocks give TSE 300 index a
A firmer gold price rode to the rescue of an otherwise flat market during the week ended July 14 as the yellow metal hit US$350.90 in London, up US$3.25 from last week. Bolstered by the exaggerated in…
METAL PRICES — FREE MARKET (July 20, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds ster ling per tonne) Date July 14 July 13 July 10 July 9 July 8 Copper 1310-1311 1301-1302 1294-1295 1332-133…
Royal Oak financing raises $12 million
Gross proceeds of $12 million were reported by Royal Oak Mines (TSE) from the recent sale of 7.27 million special warrants at $1.65 each. The special warrants were sold by First Marathon and ScotiaMcL…
Inco withdraws
Nickel-producer Inco (TSE) says it has withdrawn from negotiations concern ing its possible purchase (72% interest) in the Queensland Nickel joint ven ture in Australia. Inco was talking with a consor…
NEWS IN BRIEF (July 20, 1992)
Lord River Gold Mines Ltd. (LRD:VSE) has changed its name to Aquamin Resources. Inc. (AQN:VSE) with a consolidation of capital on a 1-new-for-4-old-share basis. The transfer agent is Montreal Trust.
Miramar pulls high-grade intersection
Recent drilling on the Golden Eagle property, formerly known as the Flowery mine, returned a 60-ft. intersection from 110 ft. to 170 ft., grading an average of 1.08 oz. gold per ton. The Golden Eagle …
Fluor, Davy McKee awarded contract by Kennecott
A contract to provide engineering, procurement and construction management for the Utah copper smelter modernization project of Kennecott was awarded to Fluor Daniel Inc. and Davy McKee Corp. The cont…