LETTERS TO THE EDITOR — Timely editorial
Congratulations for a much needed editorial entitled “Disclosure on diamonds” (T.N.M., July 6/92). Whoever wrote it may have lived the “Windfall” mess. Thanks for renewed good services. Pierre Lacombe…
News
Goldminer wins King Miner title
The King Miner title at Thompson, Man., this year went to 35-year-old Trevor Martin. A goldminer from Yellowknife, N.W.T., he collected prize money totalling $5,100 at the contest held annually during…
Cyprus announces huge writedown
The new chairman and chief executive officer of Cyprus Minerals (NYSE), Milton Ward, recently announced writedowns totalling US$415 million. The writedowns reflect weak markets for some of the company…
Rembrandt funds
Shareholders of Rembrandt Gold Mines (ASE) approved a $300,000 private placement of 1.5 million shares at 20 cents per share at the recent annual meeting. The company says the proceeds will be used fo…
Boron acquisition generates cash flow
A recently acquired boron mining venture in South America is expected to generate sales of US$3-4 million for nine months of operation this year, according to Boron Chemicals International (VSE) Presi…
TSE SHORT POSITIONS (July 13, 1992)
Semi-monthly reports as of June 30, showed 25,849,622 shares of 590 issues compared with 26,820,344 shares of 607 issues on June 15. Larger individual positions included: Aber Res. 118,200, down 113,0…
Richmont sets production target
Output from the Francoeur gold mine near Rouyn-Noranda, Que., is projected to reach 16,000 oz. during the 7-month period June 1-Dec. 31, 1992, operator Richmont Mines (TSE) says. Richmont became the s…
Menora completes unit offering
A private placement of 1.125 million units at 40 cents per unit has been completed by Menora Resources (ME). Each unit consists of one common share and one warrant; two warrants and 80 cents are requi…
Commodity index rises slightly (July 13, 1992)
The metal and mineral sub-index of Scotiabank’s commodity price index edged up in May as firmer zinc prices offset weaker prices for nickel, gold and aluminum. The sub-index helped the all-items index…
STOCK MARKETS — First-hole results at Casino boost shares of
Trading statistics for the Vancouver Stock Exchange mirror a general feeling of malaise at brokerage houses where phones are quiet. After comparing the second quarter of 1992 with the first, the excha…
LATIN AMERICA — Mexico is largest trading partner
Canada’s largest trading partner in Latin America is Mexico, reports the Export Development Corp. (EDC), which recently announced the conclusion of a technology-based sale by a Canadian exporter to Me…
Equinox, Eastmaque reach new agreement on merger
Following its failure to receive court approval for a proposed merger, Eastmaque Gold Mines (TSE) and Equinox Resources (TSE) recently signed a new agreement. Under the terms of the new agreement, Eas…