1994




FINANCING (July 25, 1994)

Rio Narcea Gold Mines, Ltd. — 3,850,000 units, each consisting of a common sh & a one-half of one sh purchas wt @ $1.15 per unit. Trader Resource Corp. — 11,997,000 units to be issued on the exercis…


Gold City acquiring producer

Concurrent with a change in control, Gold City Resources (ASE) hopes to revive the old Camp McKinney property near Bridesville, B.C. Control of Gold City recently changed to John Chapman, Mel Smale an…



Southern Pacific stakes Mexican copper

Southern Pacific Copper (VSE) has acquired the Toliman porphyry copper prospect in Mexico’s Chiapas state. It acquired the 3,600-hectare concession by staking after it was released from the federal re…


Starcore exploring platinum project

Drilling is expected to begin later this summer on the Goodnews Bay platinum project 420 miles southwest of Anchorage, Alaska. The program will be managed by Starcore Resources (VSE), a Murray Pezim-c…


Ft. MacKay deal nixed by Lac and Tintina

Three TSE-listed companies — Lac Minerals, Tintina Mines and NSR Resources — have ceased negotiations to pool land and jointly develop a gold exploration program in the Fort MacKay area of northeast…


GOLD FUNDS (July 25, 1994)

Gold Funds as of July 18 BGR Central Net Value $17.06 $6.74 Price $15.25 $7.125 Premium 5.7% Discount 10.60% Value $138,597,000 $128,957,513…


TSE SHORT POSITIONS (July 25, 1994)

Semi-monthly reports as of Jun 30, 1994 showed 249,548,306 shares of 870 issues compared with 248,555,294 shares of 866 issues on Jun 15, 1994. Larger individual positions included: Aber 51,200, down …


Cameco pushes ahead with second gold mine

Concrete will start pouring later this month on the foundation of Cameco’s (TSE) second gold mill in northern Saskatchewan. Situated in La Ronge Provincial Park, a popular canoeing and fishing area, t…


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