GOLD FUNDS (April 15, 1991)
Gold funds as of Apr. 9 BGR Central Net Value $9.01 $5.12 Price $7.88 $4.000 Discount 12.54% 10.2% Value $53,621,151 $77,391,780…
News
Maradona
Presently inactive Maradona Resources(CDN) plans to get out of the mining business and into residential real estate. The junior, which used to hold a gold prospect in the Batchewana River area near Sa…
Trip heightens analysts’ enthusiasm for Chile
Demonstrating the practical advantages of mining in countries like Chile and Brazil is never an easy undertaking for the Canadian companies operating there. The logistics of transporting visiting anal…
NEWS IN BRIEF Billikin Resources Ltd.
Billikin Resources Ltd. (BIL:VSE) has changed its name to Cora Resources Ltd. with a consolidation of capital on a 1-new-for-4-old share basis. The transfer agent is Montreal Trust.
PRODUCER PRICES (April 15, 1991)
ALUMINUM: MW U.S. Market US65-68 cents per lb. (Mar. 27, 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). CADMIUM:…
U.S. REPORT Nerco revives Cripple Creek on camp’s 100th anniversary
The 100th anniversary of mining in the historic Cripple Creek district of Colorado will be marked by several of the region’s gold properties being brought back into production this year. A unit of Ner…
U.S. REPORT Pacific Sentinel drops Golden West
Following the completion of a 34-hole drilling program, Pacific Sentinel Gold (VSE) decided to terminate its option on the Golden West property in La Paz Cty., Ariz. Pacific Sentinel had an option to …
EDITORIAL
At Curragh Resources, our results are tied very closely to the value of the Canadian dollar. The present strength of our currency may help Canadians who are vacationing in Florida, but it’s a serious …
Holmer acquiring Chevron interest
Holmer Gold Mines has agreed to acquire Chevron Minerals’ interest in the Bristol Twp. gold property near Timmins, Ont., for 400,000 shares of Holmer. The agreement is subject to regulatory approval. …
Hecla revises CoCa merger
A merger agreement between Hecla Mining (NYSE) and CoCa Mines (NASDAQ) has been amended in order to establish the number of Hecla common shares to be issued in Hecla’s acquisition of CoCa. The number …
Montreal Exchange VSM is active
Active trading marked the week ended April 9, with daily volumes ranging between 4.5 million and 7.6 million shares. The market portfolio was off by almost 9 points on the week, with the mining and mi…
EDITORIAL Reactivating exploration in Quebec
When Quebec’s new budget is tabled this spring, there could be some good news for the province’s junior mining companies. Recent meetings between the Quebec Prospectors Association and provincial civi…