Shipes sees bright future for Arimetco
By using low-cost methods to produce cathode copper at properties in North and South America, Arimetco International (TSE) Chairman Roy Shipes says he wants to turn the company into an industry powerh…
News
USMX in production at Yankee
After a year of permitting, engineering and construction, USMX (NASDAQ) recently brought a third producing property into production on the Alligator Ridge trend near Ely, Nev. The project, dubbed the …
Royal Oak cleared in tailings spill
Royal Oak Mines (TSE) says it (with predecessor Pamour Inc.) has been cleared by the Ontario Environmental Appeal Board of any liability in connection with the Oct. 17, 1990, tailings spill at the for…
LATIN AMERICA — Joint venture to explore in Uruguay
A joint venture involving Santa Fe Pacific Minerals, Gold Standard (PSE) and Big Pony Gold (NASDAQ) will explore for gold in Uruguay. Gold Standard and its 50% owned subsidiary Big Pony, both based in…
Willingdon acquires three properties
To complement the silver property portfolio it hopes to gain through a proposed merger with Sandy K Mines, Willingdon Resources (CDN) has picked up three properties in northeastern Ontario. The junior…
Skyline winding down exploration
Difficulties in raising risk capital have prompted Skyline Gold (TSE) to defer further exploration on its claims in the Iskut River gold camp of northwestern British Columbia. The company also announc…
STOCK MARKETS — Rio Algom receipts popular despite uranium
Active trading in receipts issued by Gordon Capital kept Rio Algom among the volume leaders on The Toronto Stock Exchange during the week ended July 7, despite concern over potential cleanup liabiliti…
INSIDER TRADING — Cambior president active in market
Louis Gignac, president of gold miner Cambior (TSE), recently moved into the market to increase his share holdings. According to the Ontario Securities Commission’s OSC Bulletin, Gignac bought 3,000 s…
FINANCING (July 06, 1992)
International Brace Res Inc. – 900,000 units consisting of 1 sh and 2 wts offered @ 54 cents per unit. DRT Res. Ltd. – 1,000,000 shs offered @ 16 cents per sh. Swannell Minerals Corp. – 2,250,000 shs …
GOLD FUNDS (July 06, 1992)
BGR Central Net Value $8.14 $5.07 Price $6.50 $4.60 Discount 20.15% 9.30% Value $48,468,000 $77,391,780…
NEWS IN BRIEF (July 06, 1992)
Springer Resources Ltd. (SPR:VSE) has changed its name to Bristol Explorations Ltd. (BTL:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Pacific Corp.
New Labrador company formed
A group of Labrador West residents recently formed Shabogamo Mining & Exploration to explore for mineral deposits in Labrador. Company president is Dave Lough. Mapping and sampling work is planned thi…