NEWS IN BRIEF (May 16, 1994)
City Resources (Canada) (CIZ:VSE) has changed its name to Misty Mountain Gold (MGL:VSE) on a share-for-share basis.
1994
Positive results in Privat Twp.
Drillers have uncovered gold and copper mineralization at a property near Amos, Que. Exploration Orbite (ME) intersected 40 sulphide-bearing sections, the thickness of which varies from a few feet to …
EDITORIAL PAGE — Lament for a province
In mid-1985, Ontario’s debt stood at $30 billion. Throughout the following five years of Liberal profligacy, despite a robust economy during most of that half-decade, the debt rose to $39.3 billion. (…
New TVX management pursuing acquisitions
Less than a year into its mandate, TVX Gold (TSE) is wasting no time as it pursues mining opportunities. At the annual meeting in Toronto, Chairman Eike Batista told shareholders and analysts that the…
Kingswood, Botswana amalgamate
Alberta-listed Kingswood Resources has amalgamated with Botswana Minerals, a privately owned Canadian company, to form Southern Africa Minerals. Under the merger, Kingswood shareholders will receive o…
Investors, speculators give gold market a boost
In its latest annual survey of the gold market, Gold 1994, Gold Fields Mineral Services (GFMS) of London says “1993 will be remembered in the gold market chiefly for the resurgence of buying interest …
INSIDER TRADING — Band-Ore directors exercise options to
Four directors of Band-Ore Resources (CDN) exercised options and sold shares in February. According to the Ontario Securities Commission’s OSC Bulletin, director Ronald McKeown exercised 50,000 option…
Ottawa pledges support for Canada’s mining sector
The federal government is determined to maintain a healthy mining industry within the context of sustainable development, Natural Resources Minister Anne McLellan told delegates at the recent Mineral …
COMMENTARY — Mexico’s Bolsa growing stronger
The Mexican Stock Exchange (Bolsa Mexicana de Valores), one of the fastest-growing stock markets in the world, celebrates its 100th anniversary this year. The Bolsa is already the largest of the world…
Canada Tungsten selling — Kremzar mine interest
Vancouver-based Canada Tungsten (TSE), together with its subsidiaries, is selling its interests in the Kremzar gold mine to Van Ollie Explorations (CDN) and three partners. The mine, 40 km northeast o…
Bunting retiring as TSE president
The president of the Toronto Stock Exchange will retire at the end of 1994. “I’m pleased to be leaving the exchange when it’s in such good financial condition and at a time when we have moved into a p…
Athena starts Talapoosa study
Junior Athena Gold (VSE) has retained an independent firm of engineering consultants to prepare a prefeasibility report on the Talapoosa gold-silver project in Nevada. Athena now owns all of Talapoosa…