News


Gibraltar funding

Following up previously announced expansion plans, Gibraltar Mines (TSE) has entered an underwriting agreement to raise $40 million. In a “bought deal,” brokers Midland Walwyn Capital, Wood Gundy and …




Gold Funds (August 30, 1993)

BGR Central Net Value $13.97 $6.18 Price $12.50 $6.500 Discount 10.54% 5.2% Value $78,268,000 $117,645,450…


Spot prices at a glance (August 30, 1993)

Week’s Price (US) Change Gold* $371.75 – $1.10 Silver* $ 4.75 + $0.06 Platinum* $386.90 – $1.10 Nickel** $ 2.09 + $0.01 Lead** $ 0.17 $0.00 Copper $ 0.90 + $0.03 Zinc $ 0.40 + $0.01 Courtesy of Scotia…


METAL PRICES — FREE MARKET (August 30, 1993)

London Metal Exchange Spot closing prices in $US per tonne Date Aug. 24 Aug. 23 Aug. 20 Aug. 19 Aug. 18 Copper 1988-1989 1946-1947 1968-1969 1930-1932 1928-1930 Lead 387-388 384-386 390-391 387-388 38…


Judge denies OSC penny stocks policy

A judge has struck down an Ontario Securities Commission (OSC) policy designed to control abuses in the sale of speculative penny stocks. In a 42-page decision, Justice Robert Blair of the general div…


Gateway plans an amalgamation

Toronto-based junior Gateway Uranium Mines (CDN) plans to amalgamate with a newly incorporated company, as yet unnamed, and simultaneously exchange shares with American Gold Resources, a private U.S. …


COMMENTARY — Home-grown political risk

The biggest challenge facing the mining industry today is its fierce battle with another industry — the industry of the preservationists, the professional (and elitist) organizations which exist only…



Temisca makes Belroche offer

An offer from Ressources Temisca (ME) to buy between 51% and all of the issued shares of Gestion Belroche will be voted on by Belroche shareholders on Aug. 30. Belroche’s assets include a 20-million-t…


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