Virginia Gold in option deal
An option agreement to earn a 100% interest in the Sagar III property in Quebec’s Labrador Trough has been finalized, Virginia Gold Mines (ME) reports. The junior says the property, 50 sq. km in size,…
News
Echo Bay plans sale of convertible preferred shares
Gold producer Echo Bay Mines (TSE) has given notice to the U.S. Securities Exchange Commission of its intention to file a preliminary prospectus for the sale of US$100 million in convertible preferred…
Homestake bets on new zone as 116-year-old mine declines
San Francisco-based Homestake Mining (NYSE) is taking a huge gamble by running a US$23-million exploration drift north from its namesake gold mine in South Dakota, local geologists say. The target of …
PROFILE (June 15, 1992)
Canada’s mining industry is poised to enter its diamond phase, say those who have a stake in the Lac de Gras region, from which a bulk sample yielded gem-quality stones last month. The stock market re…
INSIDER TRADING (June 15, 1992)
Jascan Resources (TSE) director William Felderhof recently sold a large block of company stock as part of an ongoing effort to sever previous connections with the 49% owned Faraday Resources (TSE) aff…
EDITORIAL PAGE (June 15, 1992)
The average rate of inflation in the developing countries fell to 49.3% in 1991, from 104.7% in 1990, according to data in the April, 1992, issue of the International Monetary Fund’s International Fin…
NEWS ROUNDUP (June 15, 1992)
A study by The Gold Institute of Washington, D.C., says the U.S. Treasury is not an active participant in the gold market and that the country’s gold reserve is unlikely to be sold, or used in gold lo…
TORONTO STOCK EXCHANGE INDICES (June 15, 1992)
June 9 June 8 June 5 June 4 June 3 High Low Composite”300″3386.09 3394.48 3392.56 3403.42 3407.34 4009.47 3009.91 Metals&Minerals 3193.57 3215.12 3202.90 3234.27 3157.17 3453.06 2502.63 Integrated Min…
GUEST COLUMN (June 15, 1992)
What would you have if you had “hydrothermal gold-molybdenum deposition resulting from exsolution of volatile phases from a felsic magma with attendant alteration and brecciation”? The answer is, one …
LATIN AMERICA (June 15, 1992)
A recently signed agreement between Orvana Minerals (VSE) and Noranda (TSE) will result in the two companies exploring for porphyry copper-gold deposits in Chile under a 40-60 joint venture. An initia…
NO HEADLINE (June 15, 1992)
The Canadian mining industry has one or two personalities who are always ready to make a statement. But there is one statement all miners have to make annually — the financial statement. It can be on…
ANNUAL REPORT REVIEW (June 15, 1992)
Public mining companies have considerable experience preparing a key section of an annual report called “management’s discussion and analysis of financial condition and results of operations” (MD&A). …