PEOPLE — GREGOR GOLDFIELDS (December 20, 1993)
Andy Boudreau, Robert Platt, Peter Stewart, John Wiebe, and Doug Wood elected directors.
News
NEWS ROUNDUP — BHP options Robber’s Roost
Excellon Resources (VSE) and MVP Capital (TSE) have granted BHP Minerals the right to earn up to a 70% interest in their joint property in Arizona. To earn an initial 60% stake in the Robber’s Roost p…
ODDS’N’SODS — Northern `Diamond Queen’ (1)
The search for gem stones in the Northwest Territories is not the first diamond story to come out of Canada’s North. Under the front-page headline “Famous Story Dies With Diamond Queen,” an obituary i…
PEOPLE — AMAX GOLD (December 20, 1993)
Milton Ward appointed president, chief executive officer, director and chairman; Gerald Malys appointed director.
Lenora explores Yemen property
Junior Greater Lenora Resources (TSE) is being given a licence to explore an area 45 km south of San’a, Yemen. The 237-sq-km property is underlain by a Tertiary-aged felsic-volcanic caldera complex. I…
Caledonia’s Spanish subsidiary posts record profit
Filon Sur S.A., the 25%-owned Spanish gold mining subsidiary of Caledonia Mining (TSE), achieved a record net profit in the third quarter. Improved throughput and reduced operating costs enabled the h…
Diamond flow-through fund withdrawn
Having failed to attract sufficient support, Caratax Diamond Exploration Limited Partnership 1993 has been withdrawn. “Investors perceived the fund as being too risky,” said Jean-Pierre Colin, preside…
Cons. Ramrod buys Nevada bet
Consolidated Ramrod Gold (TSE) will acquire a 78% interest in the Railroad property in Nevada’s Carlin Trend. It can acquire the interest from Westmont Gold by paying US$4 million over 42 months. The …
Toronto Stock Exchange Indices (December 20, 1993)
— Week — Dec 14 Dec 13 Dec 10 Dec 9 Dec 8 High Low Composite”300″ 4244.43 4293.38 4280.30 4290.63 4307.67 4307.70 4243.53 Metals&Minerals 3473.35 3551.97 3497.71 3483.08 3515.57 3557.08 3468.53 Inte…
Financing (December 20, 1993)
Cambior — 5.5 million units @ $20.65. MSV Resources — 4.1 million Cl A shs issuable upon the exercise of special wts @ $2.20 per special wt. Summit Resources — 2,000,000 shs to be issued upon exerc…
Gold Funds (December 20, 1993)
Gold Funds as of Dec. 14 BGR Central Net Value $15.63 $6.40 Price $14.50 $6.750 Premium 5.5% Discount 7.24% Value $87,561,000 $122,170,275…
Cyprus-Northway
About 18.2 million tonnes grading 1.48 grams gold per tonne have been outlined at the Quebec joint venture of Northway Explorations (TSE) and T & H Resources (TSE). The preliminary estimate was record…