Rio buying Polaris production royalty
Toronto-based Rio Algom (TSE) has agreed to buy a 25% royalty interest in the production proceeds from the Polaris mine on Little Cornwallis Island, N.W.T. The royalty interest is the main asset of NC…
News
NEWS ROUNDUP — Madsen to sell units
Toronto-based Madsen Gold (TSE) has proposed a private placement of 80-100 units at $12,350 each. A unit will consist of 9,000 flow-through common shares at $1.25 each and 1,000 common share purchase …
Gold demand on the rise in Pacific Rim markets
Gold demand in major developing markets in the Pacific Rim rose 10% to a record 98.4 tonnes during the first quarter of 1994 — a 10% rise over the same quarter last year, the World Gold Council repor…
PEOPLE — LATIN AMERICA GOLD
Alvin Einbender appointed chairman of the executive committee of the board; Gerard Munera appointed chairman; Carmen Fimiani appointed president; William Mulligan appointed executive vice-president of…
DIAMOND PAGE — Aber and Gitennes farming out land package in
A letter-of-intent agreement with Aber Resources (TSE) and Gitennes Exploration (ASE) provides Trade Winds Resources (VSE) the right to earn up to a 50% interest in the YK East diamond project near Ye…
Rea Gold constructing Mt. Hamilton leach project
Construction of the Mt. Hamilton gold project in eastern Nevada is now under way and owner Rea Gold (TSE) expects to be in production by the fourth quarter. Yearly production at the planned open-pit, …
Cambior in deal with Golden Star
Montreal-based Cambior (TSE) can earn a half interest in Golden Star Resources’ (TSE) Gross Rosebel gold property in Suriname. The property, 80 km south of Paramaribo on the coast, comprises 170 sq. k…
LAST BUT NOT LEAST — Imperial shares up for grabs
Five European shareholders of Imperial Metals (TSE) have filed notices of their intention to sell up to a total of 20 million shares of the company. The holding represents 38% of Imperial’s 52 million…
LAST BUT NOT LEAST — TVI finances Philippine exploration
To finance further exploration in the Philippines, TVI Copper (ASE) hopes to raise $6.4 million from two separate private placements. In the first financing, 4.5 million shares will be issued at $1.10…
LAST BUT NOT LEAST — San Andreas sues Ramrod
TSE-listed San Andreas Resources and some of its shareholders have filed a lawsuit against Consolidated Ramrod Gold (TSE). The litigation concerns an agreement in March whereby Ramrod was to acquire a…
EDITORIAL PAGE — Under siege
We’ve mentioned in the past that there once was a time when few professional investors would touch any mining stock with projects south of the Rio Grande in Mexico. Now, we read that some money manage…
Stewart area an anomaly of activity in idle B.C.
While exploration and development are declining in many parts of British Columbia, the region surrounding the historic mining town of Stewart, B.C., is anything but quiet. The mineral-rich district is…