PEOPLE — NORTHGATE
Terrence Lyons appointed president and chief executive officer.
1996
KWG backs Cuban project of Joutel
Toronto-listed KWG Resources will buy 8 million units of Joutel Resources (TSE) at 40 cents per unit, for proceeds of $3.2 million.Each unit in the private placement consists of one subordinate voting…
PEOPLE — INT’L TME RES.
John Wark appointed vice-president of exploration.
Alta discovers more gold at Kinsley mine in Nevada
Not only has drilling confirmed the existence of more gold at the Kinsley mine of Alta Gold (NASDAQ); the new mineralized system may represent the most significant gold find in eastern Nevada in recen…
PEOPLE — FARALLON RES. (February 12, 1996)
Robert Hunter appointed chairman and director; J. Villagran Ochoa appointed vice-chairman and director; Robert Dickinson appointed chief executive officer and director; David Jennings appointed presid…
Crown takes greater share in Solitario Res.
Toronto-listed Crown Resources has acquired, through a private placement, another piece of Solitario Resources (TSE).Crown paid $3.6 million to buy 1.57 million units of the smaller company at $2.31 p…
GOLD FUNDS (February 12, 1996)
Gold Funds as of Febuary 1, 1996BGRCentralNet Value$21.58$7.06Price$18.75$7.250Discount13.11%2.7%Value$168,715,000$131,219,925…
FINANCING (February 12, 1996)
Cumberland — 2,100,000 shs, each consisting of one Common Sh and one Common Sh Purchase Wt, issuable upon the exercise of previously issued Special Wt @ $2.00 per sh.Kinross Gold — 7,000,000 shs @ $…
Spot prices at a glance (February 12, 1996)
Wednesday, Febuary 7, 1996Week’sPrice (US)ChangeGold*$414.75+$11.55Silver*$ 5.82+$0.30Platinum*$431.00+$12.75Nickel**$ 3.80-$0.04Lead**$ 0.35+$0.01Copper $ 1.17$0.00Zinca$ 0….
STOCK MARKETS — Rising gold price ignites western markets
Gold’s surpassing the US$410 per-oz.-level lit a fire under Western markets, sending the Vancouver Stock Exchange resource index up over 240 points to 1,789.18 during the report period ended Feb. 6.Th…
Armistice private placement approved
Armistice Resources (ME) has completed a private placement of flow-through shares, raising $810,000 for exploration drilling and development at its Sheldon-Larder gold property east of Kirkland Lake, …
Minorca Res. gets two CoWs
Minorca Resources (ME) will join with Indonesian-based PT Askatindo Karya Mineral to develop properties held by the latter in that country.Two of the Contracts of Work are on the island of Kalimantan,…