GOLD FUNDS (April 20, 1992)
BGR Central Net Value $7.59 $5.03 Price $5.75 $4.40 Discount 24.24% 12.5% Value $45,193,000 $74,026,920…
1992
FINANCING (April 20, 1992)
Waseco Resources Inc – 675,000 shs offered @ 42 cents per sh. Azco Mining Inc – 2,750,000 units consisting of 1 sh and 1 wt offered @ $2.36 per unit.
Argentine economic reform under way
Fundamental changes in thinking about economic policy are evident in Argentina, says Domingo Cavallo, the countrys minister of the economy. Taking a historical perspective, he notes in a report he co-…
Single permit final hurdle to restarting Hope Brook
A Newfoundland gold mine with a troubled past has been given a new lease on life after being closed last year because of environmental problems. Officials at Royal Oak Mines (TSE) confirmed recently t…
NEWS IN BRIEF (April 20, 1992)
HLX Resources Ltd. (HL:VSE) has changed its name to Emperor Gold Corp. (EMR:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis.
Dowa to joint venture Tizapa project
Dowa Mining is set to develop its first commercial mining project outside Japan after a $32 million bid for the Tizapa polymetallic project in Mexico was accepted by the Mexican government. A world le…
Ontario Hydro tries to soothe major power consumers’ fears
Ontario Hydro and the provincial government recently tried to persuade business representatives that plans to ensure a reliable electricity supply over the next decade are going to work. However, some…
Falconbridge plans May production at Lindsley project
Commencement of production at the Thayer Lindsley project north of Sudbury, Ont., is planned for May by Falconbridge. Ore at the Blezard Twp. project consists mainly of copper and precious metals. The…
TORONTO STOCK EXCHANGE INDICES (April 20, 1992)
Composite”300″ 3412.64 3389.83 3376.64 3349.03 3318.10 4009.47 3009.91 Metals&Minerals2928.66 2945.76 2879.15 2864.47 2828.26 3453.06 2502.63 Integrated Mines 3101.03 3123.91 3044.40 3029.95 2986.76 3…
LETTERS TO THE EDITOR (April 20, 1992)
Canada possesses a vast mineral wealth; unfortunately, only a small percentage of this total wealth will ever be realized under the current mining framework. Among other factors, this situation is due…
Correction (April 20, 1992)
A letter to the editor, “Cooling trend is on its way” (T.N.M., Mar. 30/92) contained an incorrect address. The letter writer, Jack Sauers, resides in Seattle, Wash.
Precious metal potential of Suriname to be tested
Rapidly joining the ranks of South American countries trying to attract exploration and development dollars is Suriname. The country is squeezed between Guyana on the west and French Guiana on the eas…