Gold Funds (January 06, 1992)
BGR Central Net Value $8.16 $5.01 Price $7.75 $4.400 Discount 4.99% 12.2 Value $48,567,000 $74,026,920…
News
NEWS IN BRIEF (January 06, 1992)
Daer Gold Mines Ltd. (DGD:VSE) has changed its name to I.M.P.A.C.T. Minerals Inc. (IPT:VSE) with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Pacific Corporate Tr…
American Chromium to merge with Courageous
Subject to regulatory approvals, American Chromium (ASE) and Courageous Exploration (ASE) will amalgamate on Jan. 1, 1992. Shareholders of both companies approved the merger to form Rhonda Mining at s…
Electromagnetic techniques help probe at depth
Until recently, a systematic minerals exploration program would include surface mapping and soil sampling, provided the overburden was responsive in the latter case and if there was sufficient rock ex…
Debt settlements profit Pioneer
A gain from the recent settlement of secured and unsecured debt pushed Pioneer Metals (TSE) into the black for the nine months ended Sept. 30. Net earnings for the period were $12.4 million compared t…
Reynolds opens mine in Guyana
Reynolds International, a unit of Reynolds Metals (NYSE), and the government of Guyana recently celebrated the startup of their joint enterprise, Aroaima Bauxite. Aroaima hosts more than 25 million to…
Battle zone gives second success at Westmin’s Myra
Ongoing drilling by Westmin Resources (TSE) is returning more encouraging results from the Gap-Battle zone area of the Myra Falls mine property near Campbell River, B.C. Westmin produces copper and zi…
Metal prices boost commodity index
Stronger zinc, gold and copper prices more than offset weaker nickel, lead and aluminum prices in November, helping the commodity price index of Scotiabank edge up for the second straight month. Howev…
There’s only one way for metal prices to go — up
As predicted by John McOuat, president of Watts, Griffis and McOuat, and other mining executives, 1991 was a dismal year for exploration in Canada. While junior miners had problems raising risk capita…
Stepout hole hits new zone, boosts Fort Knox potential
A new zone intersected at Fort Knox Gold Resources’ (TSE) base metal prospect in Fawcett Twp., near Shining Tree, Ont., has enhanced the property’s potential to host significant volcanogenic massive s…
Cusac would buy Table Mountain
After completing a due diligence review of the Table Mountain mine, Cusac Industries (TSE) plans to proceed with the purchase of the gold project near Cassiar, B.C. The project is owned by Total Energ…
Toronto Stock Exchange (January 06, 1992)
Analysts were scratching their heads during the week ended Dec. 30 as lower interest rates pushed U.S. stocks to record levels and sparked a pre-New Year rally in Toronto. “It’s ironic that stocks in …