Venezuela lures Jordex Resources
Vancouver-based Jordex Resources (VSE) recently formed a Venezuelan joint venture company called Cofemina whose main objective will be to acquire base and precious metal properties in that South Ameri…
Articles by Northern Miner Staff
Toronto Stock Exchange Dividend sparks Rio Algom, as budget
A pro-business budget that ignored the mining sector failed to ignite the kind of activity that investors might have hoped for during the week ended Feb. 26. As allied troops moved in to take out Iraq…
Pegasus reports loss of 1990
Non-recurring charges totalling US$53.1 million during 1990 pushed year-end results into the red for Pegasus Gold (TSE). The company reported a loss of US$38.2 million for the year compared with earni…
U.S. REPORT FMC earnings slide
As a result of lower silver prices and an increase in operating costs, FMC Gold (NYSE) reported a drop in earnings to US$5.3 million for the fourth quarter ended Dec. 31 from the US$10 million reporte…
Writeoff hurts Amax results
Equity losses and writedowns put a damper on 1990 results for Amax Gold (NYSE) which reported earnings of US$28.3 million for the year, compared with 1989 earnings of US$33.3 million. The losses and w…
Bacon, McLaughlin to address PDAC convention at Royal York
At the 59th annual convention of the Prospectors and Developers Association of Canada (PDAC), Quebec Mines Minister Lise Bacon will address the audience. Also scheduled to address the convention is Au…
Write-off puts Wharf in red
Toronto-based gold producer Wharf Resources (TSE) reported a loss of US$5.8 million (33 cents per share) for the year ended Dec. 31, 1990, after the company wrote off its US$11.5-million investment in…
FUTURES PRICES (March 04, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Mar 114.00 112.25 112.50 + 2.45 Apr 111.00 110.20 110.70 + 2.50 May 110.10 108.60 108.90 SILVER (in US cents per …
News In Brief New China Resources
New China Resources Ltd. (NEC:VSE) has changed its name to Sino Pac International Investments Inc. with no consolidation of capital. The transfer agent is Montreal Trust. The new company has no furthe…
New World preliminary reserves
A breakdown of total preliminary reserves (T.N.M., Feb. 18/91) for five deposits of the New World gold-silver-copper project in Montana of Crown Butte Resources (TSE) and Noranda (TSE) should have app…
More sampling planned for Frasergold
Although details have yet to be finalized, the 1991 field program for the Frasergold project near Williams Lake, B.C., is expected to include more diamond and reverse circulation drilling and undergro…
Nor.Abitibi drilling
A diamond drilling program has started on Northern Abitibi Mining’s (ASE) Douay Twp. gold property under option to Inco (TSE) and Vior (ME) in northwestern Quebec. Equal partners Inco and Vior can ear…