News

NEWS IN BRIEF St Andrew trading shares for bonds

St Andrew Goldfields (TSE) has reached an agreement with Banque Indosuez of Geneva Switzerland to offer 14.4 million newly created preferred shares in exchange for $20.9 million in 5.75% Swiss franc b…


Franco, Euro to cash in on royalties

Sister companies Franco-Nevada Mining (TSE) and Euro-Nevada Mining (TSE) are planning to move quickly to capitalize on their experience in the royalty acquisition field. The Toronto-based companies a…


Shareholders OK Hope Brook sale

Shareholders of Hope Brook Gold Mines (TSE) have voted in favor of a reorganization which will transform the public company into a wholly owned subsidiary of BP Canada (TSE). Casting ballots at the c…


Placer Dome estimates $420 million for Milligan

It will cost an estimated $420 million for Placer Dome (TSE) to bring on stream the Mt. Milligan gold-copper deposit north of Prince George, B.C. That’s over and above the approximate $255 million th…


MVP buys bonds for shares, cash

Following negotiations with the principal holder of its outstanding convertible Swiss bonds, a U.K.-based merchant banker, MVP Capital (TSE) has agreed to a restructuring of the bonds. As a result of…


Southex plans mining show in Sudbury

Southex Exhibitions, a division of Southam Business Communications, says Cambrian College in Sudbury, Ont., will host the 1992 Canadian Mining & Industrial Equipment Exhibition June 23-25. The biennia…


TVX, Gldn. Knight release new results

Exploration below the 1,000-ft. level at the Casa Berardi East mine near La Sarre, Que., continues to produce encouraging results for partners TVX Gold (TSE) and Golden Knight Resources (TSE). Golden …


Noranda shuffles top executives at 3 subsidiaries

In the latest move in an ongoing reorganization program designed to save cash, Noranda Minerals has appointed Ian Bayer as president and chief executive officer of 50.2% owned Hemlo Gold Mines (TSE). …





TORONTO STOCK EXCHANGE INDICES (July 08, 1991)

July 2 July 1 June 28 June 27 June 26 HIGH LOW Comp”300″ 3493.62 Holiday 3465.82 3474.61 3481.13 4009.47 3009.91 Metals & Minerals 3184.00 Holiday 3175.24 3181.67 3181.36 3453.06 2502.63 Integra…


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