PEOPLE — ATTWOOD GOLD (August 30, 1993)
Estella Lo appointed director.
News
It’s official: Joutel inks Cuban deal
After 16 months of detailed evaluations and negotiations, Toronto-based junior Joutel Resources (TSE) has signed 11 exploration agreements with the Cuban government. he agreements give Joutel the excl…
Tulsequah drilling returns values
Underground drilling at the Tulsequah Chief property in northwestern British Columbia has returned several encouraging intersections. Owner Redfern Resources (TSE) is working to expand and upgrade res…
Bre-X continues Indonesian focus
Having focused on Indonesia for the past six months, Bre-X Minerals (ASE) has drill programs lined up for the fall on two advanced projects in the Asian archipelago. In mid-August, the junior signed a…
Gibraltar funding
Following up previously announced expansion plans, Gibraltar Mines (TSE) has entered an underwriting agreement to raise $40 million. In a “bought deal,” brokers Midland Walwyn Capital, Wood Gundy and …
NEWS ROUNDUP — Lyon Lake plans work program
Most of the proceeds of a rights issue will be used to pay for a feasibility study of the Beta Vargas gold concession in Costa Rica, Lyon Lake Mines (ME) reports. The rights issue, available only to Q…
Pathfinder options Buckhorn
Under an option agreement, Pathfinder Resources (VSE) can earn a 53-80% interest in the Buckhorn gold property from Equinox Resources (TSE). To do so, it must finance Equinox’s share of future expendi…
Glamis boosts gold production
Production of 77,882 oz. gold in fiscal 1993 enabled Glamis Gold (NYSE) to chalk up a 2% increase over 1992 production of 76,474 oz. Glamis operates two heap-leach mines in California and recently sta…
EDITORIAL PAGE — The unilateral edge
Papua New Guinea, a dependable partner in mining (until now at least), is sending confusing signals to the rest of the mining world. The latest such message was the announcement by the PNG government …
LETTERS TO THE EDITOR — Investing in diamond stocks not for
Sitting here in London, I have been intrigued by the amazingly ill-informed correspondence you have carried on the diamond exploration projects in the Northwest Territories. Most of the arguments seem…
Seabed volcano observed
Scientists have observed the beginning of a volcanic eruption on the bottom of the ocean off the coast of British Columbia. The research has implications for the mining industry because of what it may…
TSE Short Positions (August 30, 1993)
Semi-monthly reports as of Aug 15, showed 73,606,340 shares of 740 issues compared with 80,264,553 shares of 723 issues on Jul 31. Larger individual positions included: Aber 123,600; Amer. Barrick 143…