Better days for Teck, Cominco
Improved operating results from Cominco (TSE) helped boost the net earnings of Teck (TSE) during the latest quarter ended June 30. Teck posted earnings of $13 million for the period, up from $3 millio…
1994
The World’s Heavyweight Gold Producers
A successful takeover of Lac Minerals by American Barrick would vault Barrick to third spot in world gold producers. A Royal Oak takeover means Barrick would be eighth in line, one spot back of a Roya…
Cache, MSV set to acquire Inner Block
Partners Cache Explorations (ME) and MSV Resources (TSE) can acquire the Inner Block property, currently owned 70% by Corner Bay Minerals (TSE) and 30% by Quebec Crown corporation Societe Quebecoise d…
LAST BUT NOT LEAST — Nora, Fairstar buy Ghana gold play
Two Montreal-listed juniors — Fairstar Explorations and Nora Exploration — are acquiring a gold concession in Ghana, West Africa. The 150-sq.-km Benso prospect is on the eastern side of the Ashanti …
NEWS ROUNDUP — Construction begins at Andacollo
Construction of the Andacollo gold project is under way in central Chile, reports owner Dayton Mining (TSE). The open-pit operation, being built by Bechtel Corp. on a fixed-cost basis, is expected to …
PEOPLE — AREQUIPA
Chet Idziszek appointed president and chief executive officer.
Cambiex offering to raise $10 million
Montreal-listed Cambiex has filed a final prospectus for a public offering of 12.5 million units at 80 cents each. A unit consists of one common share and one half common share purchase warrant. Each …
EDITORIAL PAGE — Selling off our future
The official line from Ottawa has it that the Department of Finance is continuing its shameful gold selloff — another 276,000 oz. were sold in June — because “they (gold bullion) don’t make returns …
DIAMOND PAGE — Correction
The recent agreement between De Beers Consolidated Mines and junior companies Mill City Gold Mining (VSE) and Tanqueray Resources calls for De Beers to subscribe for $2 million in common shares of Mil…
Toronto Stock Exchange Indices (August 01, 1994)
— 1994 — Jul 26 Jul 25 Jul 22 Jul 21 Jul 20 High Low Composite “300” 4149.90 4159.02 4176.16 4172.59 4181.74 4609.93 3518.31 TSE 100 Index 250.35 250.75 252.08 251.79 252.57 277.47 238.43 Metals&Min…
COMMENTARY — Copper important to Arizona
The Arizona copper industry contributed US$5.7 billion to the state’s economy during 1993, according to a study by the Western Economic Analysis Center in Marana, Ariz. This contribution is calculated…
PEOPLE — ROCHESTER (August 01, 1994)
Peter Christopher appointed director.