Niugini plans San Cristobal drilling
Production at the San Cristobal mine of Niugini Mining totalled 57,948 oz. gold and 176,499 oz. silver in 1992. The company, incorporated in Papua New Guinea and with offices in Sydney, Australia, say…
News
Lac inherits bounty from Bond
When Lac Minerals (TSE) shelled out $10 per share, or US$378.8 million, for a controlling interest in Bond Gold in 1989, many believed the gold producer had paid too dearly to boost its output and exp…
Canada’s top gold mines pass peak
For the first time in years, annual production from Canada’s largest gold mines has declined rather than increased. Mainly as a result of lower grades at the big Hemlo mines in Ontario, cumulative pro…
Altai seeking new prospects
With more than $5 million in working capital, Altai Resources (TSE) is looking to expand its gold property holdings in South America, shareholders learned at the annual meeting. The Toronto-based juni…
Golden Star raises $21.4 million for Latin American projects
Fresh from closing a private placement worth $21.4 million, Golden Star Resources (TSE) has signed an agreement to acquire the Yaou-Dorlin gold project in western French Guiana from BHP Minerals Inter…
Consolidated Keld’Or signs deal on Costa Rica’s El Recio gold
Vancouver-based junior Consolidated Keld’Or Resources (VSE) has signed an agreement to earn from USA Gold a 50% interest in the El Recio gold deposit in Costa Rica. USA Gold, a private company, recent…
Unlisted market joins computer age
The Canadian Dealing Network (CDN) has introduced a computerized surveillance system that will quickly identify trading patterns as well as price and volume fluctuations for all over-the-counter stock…
Gold Funds (June 21, 1993)
BGR Central Net Value $11.94 $5.78 Price $11.25 $6.25 Discount 5.79% 8.1% Value $66,885,000 $113,120,625…
Financing (June 21, 1993)
International Homestead Resources Inc. — 1,500,000 shs @ 25 cents. Colossal Resources Corp. — 600,000 shs @ 60 cents. Keith Resources Ltd. — 2,000,000 units @ 40 cents where each unit consists of s…
ASE Rights & Warrants
Canadian 88 Energy Corp. – 10 A wts + $1.50 buy sh to Sept 30/93. Coexco Petroleum Inc. – Wt + $1.00 buys sh to Oct 29/93. Northern Reef Expl. – Wt + $2.10 buys sh to May 18/94. Supplied by ASE…
ME Rights and Warrants
Cambior – Wt buys sh @ $15.50 to June 30/95. Cameco – Wt buys sh @ $14.75 to Oct 1/94. Dofasco – Wt buys sh @ $20.50 to Apr 1/94. Metall Mining – Wt buys sh @ $14.00 to Mar 7/94. Metall Mining – A wt …
American firms exploring Greenland properties
The mineral potential of Greenland will be investigated this year by two American mining companies under the terms of their respective agreements with a Greenlandic-Danish company, Nunaoil A/S. Atlas …