GOLD FUNDS (February 03, 1992)
BGR CENTRAL Net Value $8.54 $5.16 Price $7.63 $4.600 Discount 10.74% 10.9 Value $50,859,000 $77,391,780…
News
Langmuir nickel mine shuts down
The Langmuir No. 1 nickel mine near Timmins, Ont., has been put on temporary care and maintenance as a result of poor nickel prices and continuing losses, reports owner Timmins Nickel (TSE). Langmuir …
Active exploration scene at Quebec’s Benoit Twp.
Despite a claim dispute that still hangs over the area, Benoit Twp. in northwestern Quebec is poised for a second burst of exploration activity. Under a recently signed agreement with Freewest Resourc…
New zone taking shape at LaRonde
Surface drilling along a gold zone discovered 300 ft. north of the main horizon at Agnico-Eagle Mines’ (TSE) LaRonde mine near Rouyn-Noranda, Que., (T.N.M., Nov. 25/91) is producing encouraging result…
Arimetco, Royal Oak top TSE list in 1991
Toronto-based copper producer Arimetco International emerged as the top performer last year among Toronto Stock Exchange-listed mining stocks, according to a survey by First Marathon Securities. Spark…
Suntac hikes Polaris-Taku reserves
A recent independent geostatistical study boosted reserves for the Polaris-Taku deposit in northern British Columbia to 2.2 million tons grading 0.43 oz. gold per ton. Suntac Minerals (VSE) can earn a…
Arimetco may manage restructured Breakwater
Management of Breakwater Resources (TSE) is expected to pass into the hands of Arimetco International (TSE) following a cash injection of about $5 million into Breakwater’s treasury by the Shipes fami…
U.S. REPORT (February 03, 1992)
With plans to raise in the order of $1 million through a secondary public offering, Manhattan Minerals (VSE) will have the funds to explore two recently acquired properties. The company can earn an 80…
Andaurex placement to boost cash reserve
Toronto junior Andaurex Resources (VSE) has agreed, subject to regulatory approval, to sell by way of a private placement 1.1 million units priced at 20 cents each. The units consist of one common sha…
EDITORIAL PAGE (February 03, 1992)
Environmental crusaders who are fighting against industrial development of any kind are simply battling the wrong enemy. A recent article in a newsletter from the Association of Professional Engineers…
DMBW joins Dames
When one of Canada’s best known mining consulting groups was wound down in 1991, two surviving companies carried on the business. One of the partners, Ian Thompson, moved out to Vancouver and establis…
Learning labs for students
All of the Sudbury Board of Education’s grade 8 students will have a chance to gain first-hand knowledge about career opportunities in the field of engineering and technology this spring. The Ontario …