NEWS ROUNDUP — Royal Oak output below budget
At 65,628 oz., the amount of gold produced by Royal Oak Mines (TSE) in the first quarter was less than expected. The reason: ore dilution problems at the Hope Brook mine on the southwest coast of Newf…
1993
PEOPLE — RADCLIFFE RESOURCES (May 31, 1993)
Richard Pearson assumes presidency; Donald Lyons appointed director.
Hemlo’s Freewest stake jumps to 27%
Toronto-based Hemlo Gold Mines (TSE) will increase to 27% its interest in Freewest Resources (TSE) by acquiring one million shares of the junior under a financing agreement signed in 1989. The common …
METALS MARKETS — Gold up on renewed investor interest
The sharp turnaround in the gold price in April and its continued strong upswing should herald renewed financial strength for this sector of the mining industry. Spurred by investors jumping into the …
Gold Funds (May 31, 1993)
Gold Funds as of May 25 BGR Central Net Value $12.28 $5.87 Price $10.50 $6.375 Discount 14.50% 8.6% Value $68,789,000 $107,254,913…
Financing (May 31, 1993)
Calco Resources Inc. — 1,000,000 units @ $1.35 and each unit consists of sh and 2 wts. 2 series A wts purchase sh. Delmay Mining Corp. — 10% convertible debentures @ $100.00. Vortex Energy & Mineral…
Toronto Stock Exchange (May 31, 1993)
— Week — May 25 May 24 May 21 May 20 May 19 High Low Composite”300″ 3859.91 N/A 3835.99 3831.59 3811.29 3859.91 3801.34 Metals&Minerals 2916.19 N/A 2880.75 2900.64 2882.36 2925.62 2860.54 Integrated…
Great Lakes gears up for production
It has been three long years since Great Lakes Minerals first listed on the Toronto Stock Exchange and embarked on a quest to join the select group of Canadian juniors that can boast an operating cash…
BM&S exploring
Toronto-listed Brunswick Mining and Smelting has earmarked $37.5 million over the next five years to find ore within trucking distance of its New Brunswick operation. If this search proves fruitless, …
Mining comes to B.C. students
Students in British Columbia are being introduced to mining through a program produced by the province’s Mining Association (MABC) and a division of its teachers federation. The joint project resulted…
NEWS ROUNDUP — Noble Peak secures funding
Toronto-based Noble Peak Resources (ASE) has entered an agreement with four private investors to raise $750,000. The placement comprises about $600,000 in flow-through common shares at $1.05 per share…
EDITORIAL PAGE — A passing grade
“There’s a bad perception about the Exchange out there, and I believe this will cure some of that.” That is how Vancouver Stock Exchange Chairman Brian Harwood recently explained an investigation — i…