Gold reacting to lack of speculative demand
As peace seemed imminent in the Persian Gulf during the week ended Feb.26, both gold bullion and oil prices drifted lower, taking several TSE-listed gold mining stocks along with them. By presstime, g…
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Insider Trading Batista holds 13% of TVX Gold shares
Toronto-based TVX Gold (TSE), the product of an amalgamation involving Consolidated TVX Mining and the wholly owned gold producing subsidiary of nickel miner Inco (TSE), is owned 62% by Inco. But as i…
Black Swan running in red
With two mines now in operation, Black Swan Gold Mines (VSE) is working to push results back into the black. For the nine months ended Dec. 31, the company reported a loss of $199,000 on revenues of $…
Glencairn options Yukon gold bet
Toronto-based Glencairn Explorations (TSE) is changing its focus from diamond to gold exploration. Having recently failed to bring a Brazilian diamond project into production, Glencairn has obtained a…
Hecla ups stake in Acadia to 55%
Hecla Mining (NYSE) of Coeur d’Alene, Idaho, recently increased its stake in Acadia Minerals (TSE) to 55.51% from 52.5%. Under a June, 1990, agreement, Hecla paid Acadia $600,000 in cash in exchange f…
Timmins Nickel gets control of Vedron
Control of Vedron (TSE) has passed to Timmins Nickel (TSE) following the latter company’s acquisition of Belmoral Mines’ (TSE) debt and equity interests in Vedron. Timmins Nickel now owns 6.8 million …
EDITORIAL The great government spending fix
When the Fraser Institute uses some new calculations to take a swing at government spending, the figures may not always be the most reliable but they are always interesting. The Vancouver-based think …
Inco fatality investigated
An investigation into what caused the rock fall that killed a 25-year-old miner Feb. 17 at Inco’s (TSE) Shebandowan, Ont., copper-nickel mine, is under way. It took a 12-man work crew working around t…
Low grade at Gold Basin
A 12-hole drilling program on the Gold Basin property in Mohave Cty., Ariz. returned no significant results in all but four holes which intersected low grade gold values. Consolidated Rhodes Resources…
U.S. REPORT Atlas earnings slip
The drop in quarterly earnings was the result of lower gold prices, higher production costs because of the processing of refractory ores and lower than anticipated recovery rates. The year-earlier qua…
Bethlehem, Goldnev drilling bet’s down-plunge extension
Drilling on the down-plunge extension of the Goldstream deposit near Revelstoke, B.C., has intersected 8.6 ft. grading 6.35% copper, 3.17% zinc, 0.60% lead, and 0.81% oz. silver per ton in hole 91M-12…
Kingswood options Lithium property
Toronto-based Kingswood Explorations (TSE) has signed an option with a private company to acquire a 22-claim lithium property in Lacorne and Lamotte twps., about 40 km northwest of Val d’Or, Que. King…