Viceroy out of MK Gold deal
Toronto-listed Viceroy Resource will not proceed with the private purchase of 9 million common shares representing 46.4% of MK Gold (NASDAQ). The deal involved Morrison Knudsen (NYSE), MK Gold’s large…
1995
Golden Star OKs share exchange
The shareholders of Golden Star Resources (TSE) have approved an exchange of shares. One old common share of the company will be exchanged for one new common share and one-fifth of one Class B common …
SHORT POSITIONS
Semi-monthly reports as of Jan 31, 1995 showed 239,236,777 shares of 783 issues compared with 244,193,506 shares of 792 issues on Jan 15, 1995. Larger individual positions included: Aber 49,040, down …
Roxmark options Placer property
Junior Roxmark Mines (TSE) can acquire Placer Dome’s (TSE) Key Lake gold property in Ontario’s Lindsey Twp. Previously, in an area referred to as the East pit, Placer drilled two vertical holes, 250 m…
Accounting firm publishes survey for mining industry
Chartered Accounting firm Peat Marwick Thorne has issued its 1994 Financial Reporting Survey of the mining industry. The survey reviews the accounting and financial reporting practices of 50 mining co…
MSV record for copper output
In the fourth quarter, MSV Resources (TSE) established a new record for copper production. The Montreal-based company mined more than 129,000 tons of ore to yield 4 million lb. of the red metal from i…
Junior tests Quebec property
Exploration has begun on the Jeremie Twp. gold property in northern Quebec. The 195-claim property, owned by Canadian Golden Dragon Resources (VSE) and Cyprus Canada, is adjacent to, and west of, the …
Caledonia mining private placement nears completion
Toronto-listed Caledonia Mining reports a partial closing on the European portion of its private placement of unsecured convertible debentures. To date, $20.5 million of the planned $20.6-million plac…
GOLD FUNDS (February 20, 1995)
Gold Funds as of Feb. 6 BGR Central Net Value $16.02 $6.46 Price $12.75 $6.125 Discount 20.40% 5.2% Value $125,529,000 $110,858,213…
Future of B.C. exploration in question
A much discussed topic at the 12th Annual Cordilleran Geology and Exploration Roundup was the role played by junior companies and by the Vancouver Stock Exchange in the discovery and development proce…
STOCK MARKETS — BQ losses in by-elections add grit to TSE
Recent Liberal wins in hotly contested federal by-elections were welcome news to investors, which helped the Toronto Stock Exchange post a modest gain during the 5-day report period ended Feb. 14. The…
Mobrun reserves up as production starts on schedule
The year began auspiciously for Audrey Resources (ME). Not only did the Mobrun polymetallic mine enter production on schedule and under budget, minable reserves rose by 16%. Situated 30 km northeast o…