Equinox watching as gold prices rise
The recent rise in the price of gold has made Equinox Resources (TSE) all the more hopeful that its Zenda project, near Bakersfield, Calif., can soon be brought into production. President Ross Beaty w…
News
INSIDER TRADING — Metalore director sells before ruling
With an appeal still under deliberation for ownership of the Brookbank gold property near Beardmore, Ont., a director of Metalore Resources (TSE) has sold about a third of his stake in the company. Ac…
ODDS’N’SODS — A belated public thank-you
It was time for Gerry Lecompte to return to Val d’Or, Que., and his wallet was nowhere to be found. In order to get home, he borrowed some cash from fellow miners and a credit card from project manage…
LETTERS TO THE EDITOR — Certification would solve assay
I’m sure your report on the Alberta Stock Exchange’s concerns about the validity of gold assays coming from some U.S. laboratories had many of our Canadian commercial assayers both bemused and somewha…
NEWS ROUNDUP — Cal Graphite makes rights offering
Shareholders of Cal Graphite (VSE) are being offered two transferable rights for each common share held. Each right entitles the holder to buy one common share for $1.40 per share. The offering will r…
ODDS’N’SODS — First chew a lasting memory
Steve, my boss, kidded me on my first day at the drill rig: “If you want to be a driller, you have to chew snoose.” I declined a can of Wintergreen Skoal but decided that someday I’d try it. I loved t…
Gold Funds (June 07, 1993)
BGR Central Net Value $12.49 $5.89 Price $11.50 $6.375 Discount 7.95% 8.2% Value $69,978,000 $107,254,913…
Cons. Nevada reports loss as mine expansion proceeds
Gold sales for Consolidated Nevada Goldfields (TSE) during the nine months ended March 31, totaled 18,294 oz. at an average price of US$384 per oz. Despite the premium to spot prices which averaged ab…
Toronto Stock Exchange Indices (June 07, 1993)
— Week — Jun 1 May 31 May 28 May 27 May 26 High Low Composite”300″ 3856.87 3882.68 3866.44 3869.72 3865.17 3883.42 3854.32 Metals&Minerals 2907.15 2952.02 2937.53 2944.09 2927.40 2952.02 2907.15 Int…
BOOKS IN BRIEF — Bonus system finds new favor in mining
Metal and Industrial Mineral Mine Salaries, Wages & Benefits: 1992-93 Survey Results and Coal Mine Salaries, Wages & Benefits: 1992-93 Survey Results. Contact: Western Mine Engineering Inc., Mining Co…
DIAMOND PAGE — Diamond Fields raises $5.7 million to buy
Flush with cash from a recent private placement with First Marathon Securities and Yorkton Securities, Diamond Fields Resources (VSE) has agreed to buy a Namibian diamond producer for US$3.3 million a…
Gignac details Omai operations
Details of the new Omai gold mine in Guyana were presented by the president of Cambior at a recent luncheon of the Canadian Institute of Mining, Metallurgy and Petroleum in Toronto. Louis Gignac said …