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 …
News
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…
Tundra approval for consolidation
Shareholders of Tundra Gold Mines (VSE) recently voted in favor of a share consolidation and a corporate name change, the company reported. Pending regulatory approval, Tundra will consolidate its sha…
GOLD FUNDS (April 22, 1991)
Gold funds as of Apr. 16 BGR Central Net Value $9.19 $5.09 Price $7.63 $4.800 Discount 16.97% 5.7% Value $54,739,816 $80,756,640…
Westmin explores copper-gold bets
An extensive exploration program will be carried out this season by Westmin Resources (TSE) on two large porphyry gold-copper projects north of Prince George, B.C. The two properties are 40 km west of…
Silver Standard boosts potential
Recent drilling by Silver Standard Resources (VSE) on the La Choya project in northern Mexico is reported to have outlined mineralization north and east of the project’s previously defined reserve of …
Lodestar acquires porphyry prospect
A diamond drilling program has been proposed to test Lodestar Explorations’ (VSE) recently acquired Taurus copper-molybdenum-gold property, 46 miles northeast of Tetlin Junction on the Alaska Highway….