PEOPLE — RADCLIFFE RESOURCES (May 31, 1993)
Richard Pearson assumes presidency; Donald Lyons appointed director.
News
COMMENTARY — Encouraging rough diamond signs
Initial signs (from the rough diamond market) for 1993 are encouraging. The two opening sights were acknowledged officially to be good (and were substantially higher than those of 1992). The March sig…
ODDS’N’SODS — High-rolling miners push their luck in Reno
Some time ago, I was surprised to read in the Miner that my good friend and client Charlie Robbins had passed away. The news recalled to my mind the following story which will not surprise anybody fam…
Sikaman Gold sale nets $1 million
Toronto-listed Sikaman Gold Resources has sold Monk Gold Resources (ASE) a 37.5% interest in the Sol Wood mine and a 50% stake in the Seneca gold project for $1 million cash. Monk must pay $300,000 by…
High Frontier Res. revving up again
Subject to shareholder and regulatory approval, High Frontier Resources plans to consolidate its 8.26 million shares on a 4-for-1 basis and change its name to Consolidated Frontier Resources. To settl…
TSE Short Positions (May 31, 1993)
Semi-monthly reports as of May 15, showed 72,998,779 shares of 684 issues compared with 71,954,072 shares of 683 issues on Apr. 30. Larger individual positions included: Aber 110,341; Amer. Barrick 40…
Sikaman advances placer gold projects in Argentina
Toronto-based Sikaman Gold Resources (TSE) is stepping up its exploration and development activities on two placer gold properties in the Province of Neuquen, Argentina. In early May, the company secu…
Campbell reviews funding position
Now that Northgate Exploration (TSE) is selling its controlling interest in Campbell Resources (TSE), the latter is reviewing financing alternatives for its Canadian operations and Mexican exploration…
Potash profit falls
First-quarter earnings for Potash Corp. of Saskatchewan (TSE) are down 30% to $8 million (21 cents per share) compared with $11.4 million (29 cents per share) in the first quarter of 1992. Revenues we…
Selbaie mine may be sold to Gencor
The Selbaie copper-zinc mine near Matagami, Que., may be sold to Gencor. The South African company has bid on selected metals and minerals operations owned by Billiton Metals Canada. Negotiations are …
Casino drilling to escalate
With four rigs already turning at the Casino property in the southern Yukon, Pacific Sentinel Gold (VSE) is planning to mobilize at least one more to the property in June. The drilling is part of a $7…
Greenstone Res. seeks financing
Now that Greenstone Resources has secured total ownership of Panamanian-based Minas Santa Rosa S.A., the next step is to rustle up financing for the gold project. Greenstone picked up the remaining 51…