Caterpillar finances Bema equipment
Equip-ment financing for the Refugio gold project owned 50% by Bema Gold (TSE) has been arranged through Caterpillar America and its Chilean distributor. Caterpillar will supply up to US$24.6 million …
News
Adonos acquires second rutile play
A second rutile (titanium) property in northern Chile has been acquired by Adonos Resources (VSE). The company said surface investigations of the wholly owned La Rosada property indicate the potential…
Giant Pacific seeks funds for projects in Nevada and Mexico
Australian financier Chrisilios Kyriakou, who was ousted three years ago from the board of Pamour Inc., is making a comeback in the gold mining business. Kyriakou’s private firm Walhalla Mining is pla…
Alberta Stock Exchange (November 04, 1991)
Goldhunter Explorations jumped to the top of the most active list as the company announced an option on ground next to the recent base metal discovery of Fort Knox Gold Resources. Trading 615,500 shar…
Drilling continues at Scott Lake
A pair of drill rigs has been stationed at the Scott Lake base metal property in the Chibougamau, Que., area where project partners Thunderwood Resources (TSE), the operator, and Greenstone Resources …
Low metal prices, high dollar offset Cominco’s better output
A loss of $22.1 million is reported by Cominco (TSE) for its third quarter ended Sept. 30, which brings the company’s loss for the first nine months of this year to a total of $25 million. This compar…
Newexco buying Petromet’s stake in Newfoundland project
Petromet Resources (TSE) has signed a letter of intent to sell a 50% interest in the Rambler base metal property at Baie Verte, Nfld., to Newfoundland Exploration (Newexco) in exchange for common shar…
PEOPLE (October 28, 1991)
Dan MacIsaac appointed senior vice-president.
GOLD FUNDS (October 28, 1991)
BGR Central Net Value $8.56 $5.01 Price $7.63 $4.450 Discount 10.97% 11.2% Value $50,989,185 $74,868,135…
Great Lakes intends to make rights offering
Great Lakes Minerals (TSE) said it intends to make a rights offering for its Ontario shareholders, who would receive one right for each common share owned. Five rights plus a subscription price (yet t…
TSE Short Positions (October 28, 1991)
Semi-monthly reports as of October 15, showed 21,518,619 shares of 580 issues compared with 21,525,116 shares of 590 issues on September 30 Larger individual positions included: Alliance Res. 0, down …
Vancouver Stock Exchange (October 28, 1991)
The market managed to reverse its downtrend during the week ended Oct. 22, with the resource index gaining 13.49 points to finish at 510.81 and the composite index closing up 3.54 points at 556.96. Sp…