Summo plans public offering
To demonstrate its confidence in several projects in the western U.S., Summo Minerals has announced plans to make a public offering this spring. The most advanced of its projects is in San Juan Cty., …
1994
Kinross drills new zone at Hoyle Pond
Toronto-listed Kinross Gold may have discovered a significant new zone at its Hoyle Pond mine in Timmins, Ont. Results from the first three holes of a drill program suggest as much. The discovery occu…
CanQuest builds B.C. portfolio
Despite, or perhaps because of, the exodus of numerous companies to offshore destinations, some British Columbia-based juniors have opted to stay put. Consider CanQuest Resource, which is planning a p…
Santa Fe boosts reserves
The proven and probable gold reserves of Santa Fe Pacific (NYSE) jumped 26% during the second half of 1993. The biggest boost was experienced at the Twin Creeks mine near Winnemucca, Nev., mainly in t…
PEOPLE — MONK GOLD & RESOURCES
William Doerfling appointed chief financial officer and director; Victor Retamal Araya appointed vice-president, mining operations for Neuquen province, Argentina.
Taylor Rand plans work on Grant mine
With a comprehensive geological report now in hand, Taylor Rand is getting serious about exploring and developing properties it holds in southwestern Montana. Chief among those is the past-producing U…
NEWS IN BRIEF (February 21, 1994)
Safeguard Ventures (SFV:VSE) has changed its name to Amar Ventures (AVI:VSE) on a 1-new-for-5-old-share basis.
Barrick’s proposal rejected by Bre-X
A proposal in which American Barrick Resources (TSE) offered to acquire property joint-venture options and an equity stake in Bre-X Minerals (ASE) has been rejected. “We declined Barrick’s offer becau…
GOLD FUNDS (February 21, 1994)
Gold Funds as of Feb. 16 BGR Central Net Value $16.44 $6.63 Price $15.00 $7.25 Premium 9.4% Discount 8.78% Value $92,115,000 $131,219,925…
TSE INDICES (February 21, 1994)
— 1994 — Feb 15 Feb 14 Feb 11 Feb 10 Feb 9 High Low Composite”300″ 4414.44 4395.20 4405.60 4441.97 4463.17 4601.09 4286.54 Metals&Minerals 3632.31 3589.38 3609.36 3720.86 3802.10 3855.09 3495.59 In…
NEWS ROUNDUP — Giant Bay drops Montanore
Unable to meet certain conditions of a merger agreement with Montana Reserves, Giant Bay Resources (TSE) has opted to pull out. Montana Reserves holds a 5% net proceeds royalty on the Montanore copper…
Review of Cinola planned by city
New management at City Resources (TSE) has decided that a previous feasibility study of the Cinola gold project is worth a second look. To that end, Chairman Ray Soper and President Robin Slaughter ha…