Colombia guerrillas attack gold mine
A small gold mine in northern Colombia, recently destroyed by guerrillas, is owned by Americans, and not Canadians as has been reported. Jim Anthony, chairman of Greenstone Resources (TSE) which has p…
News
Metal Prices FUTURES PRICES (May 21, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) May 123.70 120.20 121.30 + 0.90 June 119.00 117.00 118.30 + 1.90 July 115.10 112.65 114.10 + 1.95 SILVER (in US c…
Equity Silver Mines earnings drop
First-quarter earnings dropped slightly for Equity Silver Mines (TSE), falling to $4.5 million on revenues of $25.9 million, compared with the previous year’s earnings of $5 million on revenues of $27…
Insider Trading Wolfin sells portion of Coral Gold shares
Louis Wolfin, president of Vancouver-based Coral Gold (VSE), recently unloaded a significant amount of his direct and indirectly held Coral shares. But with slightly less than two million shares still…
Claude’s Seabee may be the next Saskatchewan mine
Based on the results of a final feasibility study, Claude Resources (TSE) says it has decided to place its Seabee gold project in northern Saskatchewan into production. A 400-ton-per-day mill is plann…
IOCC GOLD OPTIONS (May 21, 1990)
Options Open Series Volume Last Interest May 370 C 65 1.50 218 Aug. 380 C 319 9.00 403 Aug. 390 C 144 5.50 689 Aug. 400 C 142 3.60 1,537 Aug. 410 C 433 1.80 687 Aug. 440 C 49 0.50 1,487 Nov. 390 C 61 …
Akiko options two Ontario gold bets
Vancouver-based Akiko-Lori Gold Resources (VSE) has reached an agreement in principle with Gold Fields Canadian Mining to earn a 50% stake in two gold prospects situated south of Kirkland Lake in nort…
Crown drops Goldfields option
After completing a due diligence review, Crown Resources (VSE) has dropped its option to acquire a package of properties and equipment from Nevada Goldfields (TSE). The transaction was valued at about…
TRAPPER RESOURCES
Gerry Curtis appointed president and chief executive officer and director succeeding Hugh Cameron who has resigned but continues as a director; Neil Paget appointed chairman of the board.
Princeton president confident of healthy balance sheet
With net earnings of $2.3 million for the 1990 first quarter, Princeton Mining (TSE) is still firmly in the black and paying dividends even though this year’s results are off considerably from the 198…
While others struggle Corona doubles earnings
At a time when high interest rates and the strong Canadian dollar are sending corporate profits on a downhill slide, Corona (TSE) has managed to buck the trend, doubling its first-quarter earnings to …
Claude awaits final feasibility for Seabee bet
Results of an underground exploration program on the Seabee gold deposit in northern Saskatchewan have been incorporated in an updated reserve report which will form part of the soon-to-be-completed f…