PEOPLE — PROGOLD RESOURCES
David Dahl appointed president and director; Adrienne Abney and Allan Wright appointed directors. N5…
News
PEOPLE — MONTORO RESOURCES
Richard Addison appointed director.
STOCK MARKETS — Euro-currency scare one reason for bullion’s
For the first time in a long while, Canadian gold equities showed up in the financial pages of the dailies under the heading “Biggest Net Losers.” It happened on Aug. 6, when gold bullion prices took …
U.S. REPORT — Southern Copper completes share issue
A private placement of 2.5 million units at 40 cents each has been completed by Southern Copper (VSE). Each unit consists of one common share and one share purchase warrant redeemable for a Southern C…
Quebrada Blanca construction on schedule, within budget
Construction of the Quebrada Blanca copper mine is on schedule and within budget, according to three Vancouver-based companies with interests in the Chilean project. Cominco (TSE) has a 38.2% interest…
LAST BUT NOT LEAST — Soquem drills Virginia bet
Drilling is under way on the Sagar-1 property near Fermont, Que., report partners Virginia Gold Mines (ME) and Soquem. The program is designed to confirm the presence of a large zone of copper and pre…
Tandem sells control of Matt Berry
Montreal-listed junior Tandem Resources (ME) has sold most of its 25.3% controlling interest in Matt Berry (CDN) to GTL Investments, a private Toronto-based company. In another transaction, Matt Berry…
LAST BUT NOT LEAST — Asset writedown on boron venture
A 48% investment in a Chilean boron company is causing plenty of headaches for Boron Chemicals International (VSE) and parent company Trans America Industries (VSE). Boron Chemicals recently negated i…
Lac posts loss in second quarter
Citing lower realized gold prices and a decrease in production, Lac Minerals (TSE) reported a loss of US$800,000 for the quarter ended June 30 compared with second-quarter earnings of US$4.4 million (…
ODDS ‘N’SODS — Airplanes and prospecting (2)
Airplanes and prospectors were to form an interesting new bond following the Second World War. The U.S. had developed an airborne system for finding submerged German U-boats, which detected the magnet…
METAL MARKETS — Precious metals buoy summer markets
Bull market news continued to buoy precious metals markets as prices maintained the upward surge which began in March. Analysts have proposed a host of reasons for the prolonged advance, but most of t…
FINANCING (August 09, 1993)
Kettle River Resources Ltd. Private placement of 75,000 units @ $16.00 and each unit consists of sh and wt. Aztec Resources Ltd. 1,400,000 shs @ $2.90. Exall Resources Ltd. 3,720,000 units @ $1.50 per…