NEWS ROUNDUP — Companies set exchange ratios
Directors of CMP Resources (ME), Plexus Resources (TSE) and 1021105 Ontario Corp. have approved an amalgamation of the companies. The following share exchange ratios have been set: 2.1 shares of the a…
News
INSIDER TRADING — Tyler insider takes profits
Canada’s diamond exploration play has helped line the pockets of not only speculators, but also those who hold options on the associated penny stocks. Frederick Wynne, a director of Tyler Resources (T…
Dundee offer (April 19, 1993)
More than 98% of the outstanding common shares of Dundee Capital were tendered under an issuer bid, Dundee Bancorp (TSE) reports. Once the shares tendered are canceled, Dundee Bancorp will own 99.8% o…
Athlone acquires Venezuelan ground
A 100% interest in a gold and diamond concession application in the Anacoco area of the Venezuelan state of Bolivar has been acquired by Athlone Resources (VSE). The rights for the 800-hectare propert…
Metal Prices (April 19, 1993)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr. 13 Apr. 12 Apr. 9 Apr. 8 Apr. 7 Copper 1305-1306 N/A N/A 1305-1306 …
Nominations are sought for Mining Hall of Fame
The board of directors of the Canadian Mining Hall of Fame has issued its yearly call for nominations that will lead to the induction of a new group of individuals early in 1994. Since its inception i…
Kennecott getting new president
The president and chief executive officer of Kennecott is retiring in June. Frank Joklik will be succeeded by Robert Cooper, the current chief operating officer. Joklik has headed Kennecott, a wholly-…
Cheni’s financial health shows marked improvement
The financial health of Cheni Gold Mines (TSE) took a turn for the better in the year ended Dec. 31, 1992. Following premature depletion of reserves at the Lawyers mine in north-central British Columb…
FMC Gold expanding its exploration efforts
With cash overflowing in its coffers, and reserves almost depleted at the Paradise Peak mine in Nevada, FMC Gold (NYSE) is expanding exploration to find additional deposits. The exploration budget for…
Crown Butte permitting milestone
An important permitting milestone was recently marked by Crown Butte Resources (TSE), the environmentally progressive owner of the New World copper-gold-silver project in Montana. The company reports …
Improved recovery lifts Red Dog’s spirits
The Red Dog zinc-lead mine in northwest Alaska has proved challenging for Cominco (TSE), which owns and operates the facilities under a lease agreement with NANA Regional Corp. Between startup in late…
STOCK MARKETS — Lower prices for metals drag down mining
Lower nickel and copper prices and a fickle gold price led many of the mining stocks on eastern markets into decline amid the slow trading of Easter week. For our report period, the week ended April 1…