William options Transvaal project
Montreal-based William Resources (ME) has an option to acquire the Malmani gold property in the South African province of Transvaal. The deal is with Braeside Investments of the United Kingdom. Willia…
1994
AMR buys another rare earth factory
Having acquired 60% of a rare earth plant in China last year, Advanced Material Resources (ASE) has bought an 80% joint-venture stake in another such factory in the same country. The former project is…
Bema converts debt to equity
By converting its debt to equity, Bema Gold (TSE) significantly improved its financial position in 1993. Convertible debentures totaling $15.8 million were swapped for equity, and a further 1.1 millio…
NEWS ROUNDUP — Habsburg ends dispute
All claims against Habsburg Resources (VSE) made by Resell Mining (VSE) and Panther Mines (VSE) have been settled. The claims stem from outstanding advance royalty payments left in arrears by the prev…
Cyprus drilling at Noyon Twp.
A drilling program has been started by Cyprus Canada on the Noyon Twp. gold property in Quebec. The property is owned 70% by Northway Explorations (TSE) and 30% by T&H Resources (TSE). In 1993, a prel…
TORONTO STOCK EXCHANGE INDICES (January 31, 1994)
— 1994 — Jan 25 Jan 24 Jan 21 Jan 20 Jan 19 High Low Composite”300″ 4456.21 4465.80 4501.94 4542.38 4562.90 4574.32 4286.54 Metals&Minerals 3625.50 3613.25 3619.51 3717.27 3726.96 3742.06 3495.59 In…
NEW FRONTIERS IN MINING — Opportunities in China
One advantage to exploring for minerals in China, which recently opened its doors to foreign mining companies, is the excellent geological data available on specific sites, says the president of a Van…
TSE SHORT POSITIONS (January 24, 1994)
Semi-monthly reports as of Dec 31, showed 69,078,255 shares of 800 issues compared with 70,209,457 shares of 792 issues on Dec 15. Larger individual positions included: Aber 136,000; Agnico-Eagle 146,…
Spot prices at a glance (January 24, 1994)
Week’s Price (US) Change Gold* $392.70 + $5.90 Silver* $ 5.32 + $0.21 Platinum* $393.50 + $6.25 Nickel** $ 2.63 + $0.04 Lead** $ 0.23 + $0.01 Copper $ 0.85 + $0.05 Zinc $ 0.46 + $0.01 Courtesy of Scot…
STOCK MARKETS — Gold exploration companies pique investor
Investor interest in gold exploration companies is continuing to gain steam, with the Vancouver Stock Exchange resource index up almost 5% during the report period ended Jan. 18, to finish at the 1,77…
Correction (January 24, 1994)
The sub-head for our unlisted trading (CDN) section, as printed on page 14 of our Jan. 10 issue, was incorrect. The table was for the year ended Dec. 31, 1993, while the weekly table was featured on p…
GOLD FUNDS (January 24, 1994)
Gold Funds as of Jan. 19 BGR Central Net Value $16.44 $6.48 Price $16.50 $7.250 Premium 0.39% 11.9% Value $92,064,000 $117,426,017…