Gibraltar reports earnings drop
A drop in the price of copper as well as lower investment income pushed earnings down for Gibraltar Mines (TSE) during the first half of 1991. The company reported earnings of $2 million on revenues o…
News
U.S. REPORT (August 19, 1991)
North America’s largest gold producer, Newmont Gold (NYSE), reported pouring its 10 millionth oz. Aug. 1 from its mines on the Carlin Trend in northeastern Nevada. Newmont brought its first Carlin Tre…
Parlake renamed Concord Capital
Toronto-based Parlake Resources has changed its name to Concord Capital Corp. (TSE) to more accurately reflect its status as a holding and investment company rather than as a resource-based concern.
GOLD FUNDS (August 19, 1991)
BGR Central Net Value $8.99 $5.02 Price $8.25 $4.700 Discount 8.19% 6.4% Value $53,503,370 $79,074,210…
INSIDER TRADING (August 19, 1991)
American Barrick Resources (TSE) may have dropped its plan to merge with Newmont Mining (NYSE) of Denver, but executives within the Toronto company continue to make money in the stock market. Accordin…
Pan East extends debenture term
In order to extend the term of its loan, Pan East Resources (ASE) will amend its Series 1989 debentures. Currently payable on demand, the debentures will become payable on Aug. 31, 1992. As well, the …
Unlisted Trading (August 19, 1991)
Exploration programs in Manitoba and Mexico helped the share value of Canmine Resources to rebound recently. The company’s stock was in a low-high range of 17-21 cents and 40,000 shares changed hands …
Spectrum hole cuts high-grade values
As predicted, hole 76 drilled at the Spectrum property in northwestern British Columbia returned some of the highest-grade values seen to date on the property. This year’s program is operated by Colum…
New SOQUEM president named
The mineral exploration arm of the Quebec government, Societe quebecoise d’exploration miniere (SOQUEM), has a new chief. Yves Harvey, 41, was recently nominated by the Quebec cabinet as president and…
Scotia, Phelps begin drilling
Financed by Phelps Dodge of Canada, Scotia Prime Minerals (ASE) has started drilling a portfolio of Nova Scotian properties. Under the current program, expected to be complete by the end of September,…
Plane crash claims Hanson, Larche injured
Prospector John Larche is recovering in an Alberta hospital from severe injuries he sustained in an Aug. 7 plane crash that killed his passenger and fellow prospector Harris Hanson. Larche and his clo…
Mineta, Auden amend deal
Under an amended agreement between Glen Auden Resources (TSE) and Mineta Resources (VSE), Mineta can purchase, at any time, a 2% net smelter royalty on the partners’ 25-claim property in Casa Berardi …