MINER BRIEFS — Transpacific debt
Transpacific Resources (TSE) says it is carrying out a restructuring under which its approximate $6-million debt will be converted to equity. The company has plans to commercialize its patented techno…
1992
MINER BRIEFS — Aluminum smelter
Joint venture partners SNC-Lavalin of Montreal and Johannesburg-based Engineering Management Services say they will join with Alusaf Ltd. to construct the world’s largest aluminum smelter ever built a…
MINER BRIEFS — Peat transaction
Peat “T” Inc. of Edmonton says it has agreed to purchase the working assets of North Star Peat, an Edmonton-based company which harvests, processes and markets peat, by the end of 1993. Peat “T” says …
NEWS IN BRIEF (November 23, 1992)
Greyhawk Resources Ltd. (GHK:VSE) has changed its name to GHK Resources Ltd. (GKS:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Pacific Corp. Trust.
STOCK MARKETS — Commonwealth trades heavily on news of
Diamond fever sparked a feeding frenzy on western markets during the week ended Nov. 17, helping to boost the Vancouver Stock Exchange resource index by more than 20 points to the 570 level and the co…
Curragh schedules production shutdowns
Zinc producers need to follow the lead of Curragh (TSE) and cut production if they want to prevent further erosion of the zinc price, says Julian Baldry, an analyst with Nesbitt Thomson. Curragh says …
NEWS ROUNDUP — Central Crude drills Moss Lake
Drilling by Central Crude (TSE) continues at the Moss Lake gold prospect in northwestern Ontario, Tandem Resources (ME) and Storimin Exploration (ASE) report. Four holes have been completed, with good…
Program to teach market investors
The Canadian Shareholders Association, a non-profit organization based in Windsor, Ont., has launched a new, 5-year program designed to teach Canadians the principles and methods for successfully inve…
Green light for El Condor financing
A previously announced $7.2-million financing by El Condor Resources (VSE) recently received regulatory approval, qualifying the distribution of 1.8 million units. The company arranged the placement e…
STOCK MARKETS — Diamond stocks hit new highs amid broad
While most issues on The Toronto Stock Exchange continued to slump during the week ended Nov. 17, shares of many of the diamond explorers headed to new highs on heavy trading. Although the search for …
GOLD FUNDS (November 23, 1992)
Gold Funds as of Nov. 17 BGR Central Net Value $7.85 $5.06 Price $6.63 $4.80 Discount 15.61% 5.1% Value $45,419,000 $85,147,784…
More high-grade copper intersected at Cerattepe
Recent drilling by Cominco Resources International (TSE) intersected exceptional thicknesses of high-grade copper mineralization within the previously defined limits of the Cerattepe copper deposit in…