Student engineers in competition
The 10th annual Canadian Engineering Competition is scheduled for March 4 and 5 at Toronto’s downtown Novotel Hotel. Some 100 undergraduate engineering students from across Canada will compete in one …
1994
THE DIAMOND PAGE — Diamond Fields acquires producing pipes
Having completed a positive technical review, Diamond Fields Resources (VSE) is proceeding with the acquisition of a 66.67% controlling interest in two producing kimberlite diamond mines in South Afri…
Cease-trading order extended for Curragh
A cease-trading order against Curragh (TSE) has been extended indefinitely. The order, dated Dec. 22, 1993, was extended after Curragh failed to appear before an Ontario Securities Commission hearing …
Alberta exchange activity at record levels in 1993
The Alberta Stock Exchange (ASE) set records in 1993 in trading volume, trading value and total financing. Total trading volume exceeded 2.2 billion shares, up 157% from 1992. Total trading value incr…
STOCK MARKETS — Mixed showing by equities belie stronger
The gold price strengthened somewhat over the week, rising nearly US$6 per oz. to US$392.70. However, gold equities put in a mixed performance. For example, Franco Nevada lost 63 cents to close at $93…
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…
Western Quebec buys Central Crude
Small Quebec gold producer Western Quebec Mines (TSE) will pay $9 million to acquire control of Central Crude (TSE) and the Eagle Lake gold deposit in northeastern Ontario. The seller is Hemlo Gold Mi…
Ram hoping to advance Ontario wollastonite deposit
Having processed a bulk sample from its wollastonite property, 55 km north of Kingston, Ont., Ram Petroleum (TSE) is looking to advance the project to production. Last fall, a 150-ton bulk sample was …
NEWS ROUNDUP — Test mining done on Rio Yaqui
Toronto-based Exall Resources (TSE) has completed test mining on three areas of the Rio Yaqui placer gold project in Hermosillo, Mexico. Results from one of the areas were positive and the company thi…
NEWS ROUNDUP — Placer drops Stockade property
A unit of Placer Dome (TSE) has terminated a joint venture with Carlin Gold (ASE) on the junior’s Stockade Mountain gold property in eastern Oregon. Carlin President William Long said that, despite si…