FINANCING (June 15, 1992)
Arlo Res Ltd. – 700,000 shs offered @ 51 cents per sh. Golden Ring Res. – 500,000 units consisting of 1 sh and 2 wts offered @ $1.11 per unit. Intertech Minerals Corp. – 1,250,000 shs offered @ 18 cen…
News
Labor relations key to staying competitive
Management and labor have to abandon their traditional adversarial relationship if Canadian mining companies are to survive, says the president of Brunswick Mining and Smelting (TSE), citing his own c…
Plexus shareholders grill officers
Officers of Plexus Resources (TSE) were put on the spot by several disgruntled shareholders at the company’s recent annual meeting. Angry that a deal to buy Total Energold’s (TSE) 51% stake in the com…
U.S. REPORT (June 15, 1992)
According to a recent agreement-in-principle, Pegasus Gold (TSE) will acquire 800,000 units of International Curator Resources (VSE) at 25 cents per unit for a total price of $200,000. Each unit consi…
St Andrew drifting returns unexpected high gold values
St Andrew Goldfields (TSE) has intersected some unexpectedly high-grade gold values while drifting in the West zone of its Stock Twp. gold mine near Timmins, Ont. At the company’s recent annual meetin…
Taseko’s drilling doubles width of Fish Lake deposit
A continuing drilling program at the Fish Lake property southwest of Williams Lake, B.C., has doubled the width of what is already a huge copper-gold porphyry system. The property is managed by Taseko…
Munk purchases Horsham stock
American Barrick Resources (TSE) Chairman Peter Munk recently invested almost $6 million to exercise an option to purchase one million shares of Barrick’s oil refining affiliate Horsham (TSE). Munk al…
GUEST COLUMN (June 15, 1992)
What would you have if you had “hydrothermal gold-molybdenum deposition resulting from exsolution of volatile phases from a felsic magma with attendant alteration and brecciation”? The answer is, one …
TORONTO STOCK EXCHANGE INDICES (June 15, 1992)
June 9 June 8 June 5 June 4 June 3 High Low Composite”300″3386.09 3394.48 3392.56 3403.42 3407.34 4009.47 3009.91 Metals&Minerals 3193.57 3215.12 3202.90 3234.27 3157.17 3453.06 2502.63 Integrated Min…
NO HEADLINE (June 15, 1992)
The Canadian mining industry has one or two personalities who are always ready to make a statement. But there is one statement all miners have to make annually — the financial statement. It can be on…
ANNUAL REPORT REVIEW (June 15, 1992)
Public mining companies have considerable experience preparing a key section of an annual report called “management’s discussion and analysis of financial condition and results of operations” (MD&A). …
LATIN AMERICA (June 15, 1992)
A recently signed agreement between Orvana Minerals (VSE) and Noranda (TSE) will result in the two companies exploring for porphyry copper-gold deposits in Chile under a 40-60 joint venture. An initia…