News

INSIDER TRADING — Gummer profits from Rhonda rally

Driven by its growing portfolio of base metal, gold and diamond prospects, Rhonda Mining (ASE) jumped from 40 cents in mid-April to a high of $4.30 recently. In late July, President Peter Gummer took …


Dufresnoy proposes reverse stock split

The board of directors of Dufresnoy, Societe d’Exploration Miniere (ME) have proposed a reverse split of the capital stock of the company based on a ratio of five class A shares for one new common sha…


Drill program for Omega project

A 5,000-ft. drilling program will be undertaken by Hemlo Gold Mines (TSE) on the Omega property east of Kirkland Lake, Ont., Greater Lenora Resources (TSE) reports. Hemlo Gold may earn a 60% interest …


Audrey accounting practices criticized

Charges by a Montreal accounting professor that Audrey Resources (TSE) inflated earnings statements to entice investors have been denied by Audrey President Guy Hebert. The Montreal Gazette, a Southam…


EDITORIAL PAGE — A truly regional Senate

There is an opportunity for Canada’s Constitution “fixers” to make the proposed new Senate truly representative of the country’s regions. But if they stop at simply giving provinces equal representati…



Noranda ups stake in Brenda to 79.1%

Noranda Minerals, a division of Noranda (TSE), has purchased 346,714 common shares of Brenda Mines (TSE) from Nippon Mining of Japan, increasing its interest in the junior to 79.1% or 3.7 million shar…


MVP sells shares of Dundee-Palliser

MVP Capital has sold 2.3 million shares of Dundee-Palliser Resources (TSE) at 14 cents per share, bringing its interest in Dundee to 38.2%. MVP also bought 1.5 million Dundee warrants for $225,000 in …


NEWS IN BRIEF (September 07, 1992)

Collins Resource Ltd. (CR:VSE) has changed its name to Madison Enterprises Corp. with a consolidation of capital on a 1-new-for-2.5-old-share basis. The transfer agent is Pacific Corp.



Norita East mine feeding Noranda’s Matagami mill

A new ore deposit in northwestern Quebec has started providing feed to the Matagami zinc-copper mining operation of Noranda Minerals. The Norita East zone, developed during a 4-year period at a cost o…


Tenajon starts new program

A work program by Tenajon Resources (VSE) is under way on the Smith property adjacent to the Snoball project being drilled by Hemlo Gold Mines and Gold Giant Minerals in northwestern British Columbia….


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