1994

Paul Rose appointed vice-president of exploration.

Jacques Bonneau appointed president and chief executive officer.

Fears of higher interest rates in the wake of the election call in Quebec kept investors cautious, thereby leading to a small downturn on the TSE. The downturn comes despite reports of positive second…

Gold Funds as of July 25 BGR Central Net Value $17.29 $6.79 Price $15.50 $7.125 Premium 4.9% Discount 10.34% Value $140,450,000 $128,957,513…

Alberta-listed Noble Peak Resources is raising $400,000 through a private placement of flow-through common shares. The company recently optioned ground to Cyprus Canada, a unit of Cyprus Amax Minerals…

Increased gold production, a higher gold price and a weaker Canadian dollar all enabled Hemlo Gold Mines (TSE) to increase earnings to $38.1 million (or 39 cents a share) for the first half of 1994 fr…

A private placement of 6 million special warrants has raised $9.3 million for Central Crude (TSE). The company, which is changing its name to River Gold Mines, intends to use most of the proceeds to d…

Peter Christopher appointed director.

S. Gilmour appointed director.

Arturo Bonillas Zepeda appointed director.

Junior companies active in Venezuela had little to cheer about after generally disappointing results were released from highly promoted gold properties held by TSE-listed Vengold in the South American…

ALUMINUM: MW U.S. market US63.5-64.5 cents per lb. (June 2, 1994). ANTIMONY: MW New York dealer US$1.40-1.60 per lb. (May 12, 1994). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993). …