Roxmark acquiring Geraldton property
Under a preliminary agreement, Roxmark Mines (TSE) will gain control of the Little Long Lac gold mine property from Algoma Steel. Situated in Geraldton, Ont., the former producing property comprises 7…
News
Kennecott withdraws from Tintic venture
After spending US$1.5 million on the Tintic project in Utah, Kennecott opted to withdraw from its joint venture with Centurion Mines (NASDAQ). The project in the historic Tintic mining district was re…
High River closes $12 m placement
Junior gold explorer High River Gold Mines (TSE) has raised $12.1 million by selling 5 million special warrants. Each special warrant is exchangeable for one share, or 1.1 share if a final receipt is …
Monarch enters into agreements
Two separate agreements have been reached by Monarch Resources (TSE) which allow the company to acquire interests in a Venezuelan property and Argentine properties. Monarch signed a letter of intent w…
Summo makes plans for copper prospects
With an initial public offering in the works, Summo Minerals plans to begin drilling its Lisbon Valley property in San Juan Cty., Utah, about 45 miles southeast of here. The company was formed to purs…
Toronto Stock Exchange Indices (August 22, 1994)
— 1994 — Aug 16 Aug 15 Aug 12 Aug 11 Aug 10 High Low Composite “300” 4202.79 4169.73 4175.14 4174.68 4205.08 4609.93 3518.31 Metals&Minerals 3825.26 3800.52 3832.66 3845.35 3907.92 3996.08 3273.56 I…
LETTERS TO THE EDITOR — Non-destructive evaluations can
Further to the letter by Christopher Jennings on the problems inherent in acquiring diamond counts from samples (T.N.M., Aug. 8/94), I would like to suggest that there is indeed a way to quantify the …
Barrick supports move Royal Oak asks OSC to block Lac poison
In a move that could limit the options open to Lac Minerals (TSE), Royal Oak Resources (TSE) has asked the Ontario Securities Commission (OSC) to prohibit Lac from adopting its shareholder rights prot…
NEWS ROUNDUP — Pentland acquires Kinross properties
Shareholders of Pentland Firth Ventures (ASE) have approved the acquisition of 13 non-producing mineral properties from Kinross Gold (TSE). Under the deal, Pentland also has the right to participate i…
Disclosure rules enable compensation comparisons
As demand for capital by corporations has increased, so too has the demand for relevant information by investors to judge the value of their holdings. Largely for this reason, Ontario’s Ministry of Fi…
NEWS ROUNDUP — Strike ends at Santa Gertrudis
An initial collective bargaining agreement has been ratified between Campbell Resources (TSE) and workers at the company’s Santa Gertrudis gold mine in northwestern Mexico. Operations were suspended o…
Eldorado active at new Mexican gold project
With one gold mine in Mexico up and running, Eldorado (TSE) is turning its attention to another gold project in that country. Earlier this year, the company opened La Colorada. Situated in Sonora stat…