Placer buying all of Paymaster
Shares of American Reserve Mining (VSE) hit a new low of 8 cents recently after Placer Dome (TSE) agreed to pay $2.28 million cash for the junior’s 35% stake in the Paymaster gold mine project near Ti…
News
Grants for exploration in Ontario top $11 million
Ontario has approved more than $11-million worth of grants to exploration-related projects this year, announced Shelley Martel, minister of Northern Development and Mines. — The Ontario Prospectors A…
Sikaman debt
Owners of the 10% convertible debentures of Sikaman Gold Resources (TSE) approved recently a proposal to convert $6.1 million in debt into units consisting of three redeemable, convertible preference …
NEWS IN BRIEF (July 13, 1992)
Danstar Resources Ltd. (DST:VSE) has changed its name to Star Dance Resources Ltd. (SDL:VSE) with a consolidation of capital on a 1-new-for-4. 4-old-share basis.
Others’ Words (July 13, 1992)
Gold’s role as an industrial metal has grown significantly in the last five years, driven almost solely by demand for gold jewelry. Much of this growth has come from the newly industrializing nations …
METAL PRICES — FREE MARKET (July 13, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 7 July 6 July 3 July 2 July 1…
First Standard dewaters gold mine
Vancouver-based First Standard Mining (VSE) says it has started dewatering the Val St. Gilles gold mine north of Rouyn-Noranda, Que., and has received all the environmental permits and approvals neces…
Audrey wins a reprieve on US$12.1 million of debt
Still seeking a way to finance development of new reserves at its Mobrun polymetallic mine near Rouyn-Noranda, Que., Audrey Resources (TSE) has won another reprieve on debts owed to Elders Finance Inc…
Menora completes unit offering
A private placement of 1.125 million units at 40 cents per unit has been completed by Menora Resources (ME). Each unit consists of one common share and one warrant; two warrants and 80 cents are requi…
Commodity index rises slightly (July 13, 1992)
The metal and mineral sub-index of Scotiabank’s commodity price index edged up in May as firmer zinc prices offset weaker prices for nickel, gold and aluminum. The sub-index helped the all-items index…
LATIN AMERICA — Mexico is largest trading partner
Canada’s largest trading partner in Latin America is Mexico, reports the Export Development Corp. (EDC), which recently announced the conclusion of a technology-based sale by a Canadian exporter to Me…
Trev negotiates options on two Ontario properties
Calgary-based Trev (ASE) has negotiated option agreements to earn a 100% interest in two Ontario properties with the potential to host significant massive sulphide mineralization. Previously held by t…