News


FINANCING (July 06, 1992)

International Brace Res Inc. – 900,000 units consisting of 1 sh and 2 wts offered @ 54 cents per unit. DRT Res. Ltd. – 1,000,000 shs offered @ 16 cents per sh. Swannell Minerals Corp. – 2,250,000 shs …


Westray hearing gets under way

An inquiry into the deadly explosion at the Westray coal mine opened June 29 with accusations from a union lawyer that the company and provincial government routinely ignored safety to boost productio…


GOLD FUNDS (July 06, 1992)

BGR Central Net Value $8.14 $5.07 Price $6.50 $4.60 Discount 20.15% 9.30% Value $48,468,000 $77,391,780…


Major General invests in Swannell

The recent purchase of 248,500 shares of Swannell Minerals (VSE) by Major General Resources (VSE) gives Major General a 12.07% interest in Swannell’s issued and outstanding shares. Major General Presi…



TORONTO STOCK EXCHANGE INDICES (July 06, 1992)

June 29 June 26 June 25 June 24 High Low Composite”300″3375.82 3351.33 3338.55 3339.64 4009.47 3009.91 Metals&Minerals 3126.91 3076.31 3084.89 3101.83 3453.06 2502.63 Integrated Mines3339.93 3277.34 3…


PRODUCER PRICES (July 06, 1992)

ALUMINUM: MW U.S. market US58.25-59.00 cents per lb. (June 18, 1992). ANTIMONY: New York dealer US78-88 cents per lb. (June 11, 1992). BISMUTH: New York dealer US$2.35-2.70 per lb. (June 11, 1992). CA…


Aspirations of the North

The Lac de Gras staking rush has quickened a largely unpopulated and undeveloped area to life after Dia Met Minerals and BHP-Utah Mines announced that the 160-ton sample from their find contains gem-q…


Drop of gold price a South African tragedy

Recession has hit South Africa’s mining industry hard, forcing down the price of gold, the closure of mines and the laying off of about 100,000 miners since retrenchment began in September, 1990. “The…


INSIDER TRADING — Alston exercises Rhonda options

Jan Alston, secretary-treasurer of Saskatchewan diamond explorer Rhonda Mining (ASE), stands to make a substantial profit after exercising options at a considerable discount to the recent market price…



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