Sonora reports quarter loss
While gold recoveries at Sonora Gold’s (TSE) 70% owned Jamestown mine in California are expected to improve this year, the company continues to be dogged by low gold prices. Sonora recently reported …
News
Kingswood drilling near Kirkland Lake
Having completed the first phase of a $1-million flow-through financing, Kingswood Explorations (ASE) has started to explore its newly acquired gold property 30 miles southwest of Kirkland Lake, Ont. …
Producers budget $75 million to promote gold
The World Gold Council, the Geneva-based association that promotes the yellow metal on behalf of member companies, couldn’t have picked a better week to hold its first institutional investment forum i…
Arimathaea hits new high on strength of new chairman
Hopes that Graham Lacey will be able to do for Arimathaea Resources (TSE) what he has done at Washington-based Nycal Corp. recently drove the price of Arimathaea shares to a new yearly high of $2. The…
Good Mann results buoy Campbell
The Joe Mann gold-copper mine of Campbell Resources (TSE) in the Chibougamau area of Quebec produced 35,400 oz. gold during the first five months of 1991 and is well on its way to meeting its targeted…
Toronto Stock Exchange Gold sustains recent gains in price runup
Some heavy buying from the National Commercial Bank in Jedda helped to drive gold to its highest level since late January, during the week ended June 11. While the inevitable increase in the price of …
Matheson area Eastern Canada’s exploration hotspot
At a time when precious metal exploration is all but dead in much of Eastern Canada, it is heartening to see the gold bulls still charging along Ontario’s portion of the Porcupine-Destor fault. Markin…
NovaGold gains licence for recovery process
Following an agreement with the Canada Centre for Mineral Energy Technology (CANMET), NovaGold Resources (TSE) will acquire rights to a new base metal recovery process. The original technology, calle…
Shareholders OK Falco Gold plan
After a lengthy delay caused by the regulatory approval process, Falconbridge Gold’s (TSE) minority shareholders have given the go-ahead to purchase from controlling shareholder Falconbridge Ltd. its …
GOLD FUNDS (June 17, 1991)
BGR Central Net Value $8.88 $5.21 Price $7.50 $4.900 Discount 15.54% 6.0% Value $52,887,666 $82,439,070…
Corona to focus on gold assets
Now that shareholders have overwhelmingly approved a name change and a 1-for-2 share consolidation, International Corona (TSE) is continuing efforts aimed at separating its assets into publicly traded…
Rhodes updates estimate of Copper Canyon reserve
An updated preliminary reserve estimate was released by Consolidated Rhodes Resources (VSE) for the Copper Canyon copper-gold deposit in the Galore Creek region of northwestern British Columbia. The c…