Noranda buys more Freewest
Noranda Minerals, a division of Noranda (TSE), has acquired an additional 364,745 common shares (3.9%) of Freewest Resources (TSE). Purchased at $4 each as part of a financing agreement between the tw…
News
Vancouver Stock Exchange Trading reflects field-work lull
With winter exploration programs finished, and summer programs not yet under way, trading activity on the VSE can only be described as flat in this “in-between season.” May is also expected to be fair…
Greenstone reveals Panama assays
Toronto-based Greenstone Resources (TSE) and partner Boliden International Mining of Sweden continue to obtain encouraging results while drilling their Santa Rosa gold property in Panama. Greenstone s…
Euro, Franco double acreage with new Carlin royalty deal
In a bid to increase their exposure to any new gold discoveries on Nevada’s rich Carlin gold trend, royalty specialists Franco-Nevada Mining (TSE) and Euro-Nevada Mining (TSE) have carved out a new de…
Unlisted Trading Holcorp trading heavy
Trading heavily for the past two weeks, Holcorp Gold Mines has agreed to pay US$3.75 million for TSC Enterprises, a subsidiary of copper producer Arimetco. TSC’s sole asset is the Emerald Isle Copper …
Alberta Stock Exchange Jerome doubles
Speculation of a successful merger between Jerome Gold Mines and privately owned International Platinum has driven the share price of Jerome to 11 cents, up 6 cents from last week’s close on a volume …
Falconbridge plans Raglan ramp
Falconbridge has elected to spend $35 million over the next 18 months on an underground exploration program designed to evaluate the potential of its Raglan nickel project in Ungava, Que. The decision…
View from the West Stewart and neighbor exhibit true ‘free trade’
Recently, I attended a mineral industry conference and exhibition in Stewart, B.C., a small coastal town of about 1,500, with a strong mining heritage that dates back to the beginning of the 20th cent…
Denison Mines has profit
Toronto-based Denison Mines (TSE) has reported a profit of $2.9 million on revenues of $67.8 million for the three months ended March 31, compared to a loss from continuing operations of $1.8 million …
PRODUCER PRICES (April 29, 1991)
ALUMINUM: MW U.S. Market US64.25-66.00 cents per lb. (Apr. 11, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CA…
LAC rights plan
Gold producer LAC Minerals will seek shareholder approval for a rights plan at the annual meeting May 1 in Toronto. LAC’s board of directors adopted the proposed rights plan, aimed at trying to thwart…
NEWS IN BRIEF Freewest Resources
Freewest Resources (TSE) has completed a private placement of $450,000 at $3.80 per share with La Societe en Cammandite Miniere. Proceeds from the placement will be used to continue exploration on the…