EDITORIAL PAGE — PNG in legal spotlight
It is unusual for a major deposit to go from discovery to production without attracting a lawsuit, and this phenomenon is not confined to North America. An Australian law firm recently launched procee…
1994
LETTERS TO THE EDITOR — Scientific skills, integrity needed
Regarding your stories covering geochemical disputes associated with gold ores, the infallibility of assay methods approved by government agencies must be considered conditionally false as a first app…
PRODUCER PRICES (August 22, 1994)
ALUMINUM: MW U.S. market US69-71 cents per lb. (Aug. 4, 1994). ANTIMONY: MW New York dealer US$2.35-2.50 per lb. (July 21, 1994). BISMUTH: MW New York dealer US$3.75-4.25 per lb. (July 28, 1993). CADM…
NO HEADLINE (August 22, 1994)
BGR Central Net Value $17.31 $6.62 Price $15.88 $7.125 Premium 7.6% Discount 8.30 Value $140,649,000 $128,957,513…
High River closes $12 m placement
Junior gold explorer High River Gold Mines (TSE) has raised $12.1 million by selling 5 million special warrants. Each special warrant is exchangeable for one share, or 1.1 share if a final receipt is …
Monarch enters into agreements
Two separate agreements have been reached by Monarch Resources (TSE) which allow the company to acquire interests in a Venezuelan property and Argentine properties. Monarch signed a letter of intent w…
Summo makes plans for copper prospects
With an initial public offering in the works, Summo Minerals plans to begin drilling its Lisbon Valley property in San Juan Cty., Utah, about 45 miles southeast of here. The company was formed to purs…
Toronto Stock Exchange Indices (August 22, 1994)
— 1994 — Aug 16 Aug 15 Aug 12 Aug 11 Aug 10 High Low Composite “300” 4202.79 4169.73 4175.14 4174.68 4205.08 4609.93 3518.31 Metals&Minerals 3825.26 3800.52 3832.66 3845.35 3907.92 3996.08 3273.56 I…
NEWS ROUNDUP — Strike ends at Santa Gertrudis
An initial collective bargaining agreement has been ratified between Campbell Resources (TSE) and workers at the company’s Santa Gertrudis gold mine in northwestern Mexico. Operations were suspended o…
Greenstone raises project funding
Investors have exercised a series of warrants enabling Greenstone Resources (TSE) to raise $2.2 million. The warrants were issued in conjunction with two rounds of financing completed in mid-1992. The…
New legal action against Westminer
A group of Nova Scotian investors representing Cavalier Capital Corp. has initiated legal action against Westminer Canada and six other defendants. The investors claim to have suffered an $8-million l…
INSIDER TRADING — Cons. Ramrod officers buy and sell shares
Three senior officers and one director of Consolidated Ramrod Gold (TSE) bought and sold shares in June. According to the Ontario Securities Commission’s OSC Bulletin, director Allan Frame bought 2,00…