Corona entertains takeover proposals
While not officially on the block, International Corona (TSE) is being courted by a number of international mining companies interested in a possible “business combination.” Dundee Bancorp (TSE), Coro…
News
Minnova confirms Benoit reserves
The first phase of drilling completed on the Benoit property southeast of Miquelon, Que., established the continuity of the known zone but failed to intersect any additional gold zones. Minnova (TSE),…
Governor General opens MacMillan mineral gallery
“A great day for Canadian mining” was the consensus of some 500 invited guests attending the recent gala opening of the Viola MacMillan Mineral Gallery here. The gallery provides a home for the magnif…
Toronto Stock Exchange (March 16, 1992)
Shares of Aber Resources emerged among the volume leaders during the week ended March 10 as the diamond explorer flew an airborne survey over its 420,000-acre property in the Northwest Territories. As…
KWG negotiates private placements
Recent private placements with independent investors raised $500,000 for KWG Resources (ME), the company says. In total, 400,000 treasury shares were issued at $1.25 per share. The company said the fu…
Royal Oak exceeds forecast, 1991 earnings top $8 million
Gold producer Royal Oak Mines (TSE) exceeded its earnings forecast in 1991, even though its revenues were adversely affected by declining gold prices and a strengthening Canadian dollar. Royal Oak Pre…
Correction (March 16, 1992)
Contrary to what was reported in (T.N.M., March 2/92), Lyon Lake Mines (ME) will hold only 900,000 shares of Mosquito Consolidated Gold Mines (VSE) after selling its 52% interest in the Mosquito Creek…
INSIDER TRADING (March 16, 1992)
Pierre Gauthier, chairman of Montreal-based St. Genevieve Resources (TSE) and its 20% owned affiliate Societe Miniere Louvem (TSE), was active in the stock market recently. According to the Ontario Se…
Quill Lake results being evaluated
The first phase of an approximate $150,000 exploration program at the Quill Lake, Ont., property of Hemlo Gold Mines (TSE) is complete, Golden Tag Resources (VSE) reports. Tag, which optioned the prop…
Unlisted Trading (March 16, 1992)
Shares of Strike Minerals got a boost during the week ended March 10 as the company announced a drill program on its 31-claim property in the Shining Tree area of northeastern Ontario. Although a frea…
Newmont in gold deal with Uzbekistan
Colorado-based Newmont Mining (NYSE) is set to use technology developed in the U.S. to mine gold in the former Soviet Union after signing a joint venture agreement with the Republic of Uzbekistan. Und…
GOLD FUNDS (March 16, 1992)
BGR Central Net Value $8.22 $5.16 Price $7.50 $4.600 Discount 8.75% 10.9% Value $48,937,000 $77,391,780…