News

Pershing Gold, which has an interest in a gold-silver property in Nevada and which trades over-the- counter in the U.S., reported total assets of US$1.9 million for 1989, down slightly from the previo…

In its recently released 1989 annual report, Amax Gold (NYSE) stressed that quality will be the driving force behind the future growth of the company. The company notes that it plans to grow through e…

Options Open Series Volume Last Interest May 380 C 83 5.00 1,443 May 390 C 201 2.90 1,027 May 400 C 250 1.40 2,105 May 410 C 227 0.50 2,094 Aug 380 C 61 17.00 149 Aug 390 C 104 13.00 529 Aug 410 C 130…

Toronto-based junior Great Lakes Minerals is planning a public offering of 2.4 million units (shares and warrants) at 45 cents per unit. One-third of the units are expected to be purchased in Europe. …

The last 15 holes of a 35-hole drilling program on the MacLeod Lake property have intersected significant widths of copper mineralization, fuelling hopes for a low- grade, high-tonnage deposit. By the…

Once again, Prime group companies dominated trading activity on the Vancouver Stock Exchange for the week ended April 24. Even through Eastern equity markets are still reeling from the Bank of Canada’…

Roman Corp., the Toronto-based holding company that owns 25.4% of Denison Mines (TSE), reported earnings before extraordinary items, of $2.3 million or 24 cents per share in 1989, compared with a loss…

A recently completed drill hole on Flag Resources’ Wolf Lake property in MacKelcan Twp., 30 miles northeast of Sudbury, Ont., has intersected 43 ft. grading 0.32 oz. gold per ton in the vicinity of so…

The 1980s were highly successful years for Conwest Exploration. Over the 10-year period from 1980-89, the company reported total operating profits of $311 million, earned a total of $120 million in ne…

An independent reserve estimate and metallurgical report has been received by Stratabound Minerals (ASE) for its CNE base metal deposit, 25 miles southwest of Bathurst, N.B. The reserve estimate, calc…

Some exploration results reported recently from Vezza and Douay townships in northwestern Quebec have persuaded Vancouver-based oil and metals explorer Total Energold (TSE) to move into the region. Ac…

I was quite disturbed with your editorial “Showdown at the VSE” (April 16/90). I publish one of the few investment newsletters in the U.S. devoted to the Canadian investment scene. The very reasons yo…