Piedmont chalks up loss due to lower gold price
A drop in gold prices as well as a decrease in ore grade pushed Piedmont Mining (NASDAQ) into a US$394,000 loss for the first quarter ended March 31. Piedmont reported net income of US$406,000 in the…
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Insider Trading Atlanta insiders benefit from price rally
A number of Atlanta Gold (TSE) insiders recently took advantage of the recent price rally sparked by an agreement that gives Newmont Mining (TSE) the option to earn 51% of Atlanta’s Elmore silver proj…
PROFILE Falconbridge’s Belford tackles new challenges at Sudbury
After more than two decades at the Kidd Creek mine, Eric Belford’s recent reassignment as vice-president and general manager of Falconbridge Ltd.’s Sudbury division has meant an entirely new focus for…
METAL PRICES FREE MARKET (June 03, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 28 May 27 May 24 May 23 May 22 Copper 1270-1271 — 1…
Property owners should be wary
With regard to your article on a gold prospect at Dikili (the correct spelling should be “Dikeli”) on western Asia Minor (Turkey) by Metall Mining (T.N.M., May 6/91), I would caution the property owne…
Canarc to acquire Suntac interest
A series of transactions proposed by Canarc Resource (VSE) is expected to result in the company owning 37% of Suntac Minerals (VSE). Suntac’s key asset is an option to earn a 60% interest in the Polar…
IOCC GOLD OPTIONS (June 03, 1991)
Options Open Series Volume Last Interest Aug 370 C 10 4.50 13 The New York closing gold price was $363.50 per oz. Last quotat…
TSE Short Positions (June 03, 1991)
Semi-monthly reports as of May 15, showed 25,640,565 shares of 587 issues compared with 26,009,570 shares of 646 issues on Apr 30. Larger individual positions included: Amax Gold 35,400, up 32,400; A…
Hycroft results pushed into red
A charge of $1.1 million from the realization of a foreign exchange loss pushed Hycroft Resources & Development (TSE) into the red. The exchange loss was the result of a sale of U.S. dollar denominate…
First-quarter results show turnaround for Royal Oak
The latest operating results from the Pamour group of companies reflect the success of a detailed turnaround program implemented by Royal Oak Resources (TSE) since it assumed direct managerial control…
St. Andrew reports writedown
Gold producer St Andrew Goldfields (TSE) has written down the value of its producing and non-producing mining properties, and written off related development, preproduction and exploration costs, for …
Gold supply levelling off according to Gold Fields
The Western world mine supply of gold rose to a new high in 1990, but the rate of growth was less than in 1989, indicating total world supply may soon be levelling off. London-based Gold Fields Miner…