Mining services
The mining consulting firm of Derry, Michener, Booth & Wahl may have dissolved its partnership practice toward the end of 1990, but its Mining House division of Toronto carries on. Charles Pitcher, a …
News
NEWS IN BRIEF Audrey’s first-quarter profit better than previous
Weak metal prices combined with a strong Canadian dollar forced Audrey Resources (TSE) to break out the red in 1990. The Montreal-based polymetallic producer reported a loss of $2.9 million or 19 cent…
U.S. REPORT High costs at Copper Range cut into Metall’s earnings
Lower than anticipated production, high costs at the Copper Range mine in northern Michigan and a drop in base metal prices all combined to slash Metall Mining’s (TSE) annual income by over 90%. The C…
Shareholders propose merger for Dickenson
A private company that claims to represent institutional shareholders of Toronto-based Goldcorp Investments (TSE) and subsidiaries Dickenson Mines (TSE) and Wharf Resource (TSE) says it wants to find …
GOLD FUNDS (April 29, 1991)
Gold funds as of Apr. 23 BGR Central Net Value $9.22 $5.14 Price $7.63 $4.650 Discount 17.25% 9.5% Value $54,887,148 $78,232,995…
LETTERS TO THE EDITOR Production dates get pushed back
In the 1986 annual report of Madeleine Mines the company states that “in the event that no merger is consummated, Madeleine has the option to bring the Lac des Iles property (a platinum group metals p…
TORONTO STOCK EXCHANGE INDICES (April 29, 1991)
Apr. 23 Apr. 22 Apr. 19 Apr. 18 Apr. 17 HIGH LOW Composite”300″ 3502.39 3419.57 3495.97 3533.93 3545.93 4009.47 3009.91 Metals & Minerals3198.44 3173.35 3168.52 3227.79 3211.26 3453.06 2502.63 Integra…
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 …
Welcome North, Placer deal extends Kona exploration
A formal agreement between Welcome North Resources (VSE) and Placer Dome (TSE) provides for further exploration of the Kona massive sulphide property north of Watson Lake, Y.T. Welcome North farmed ou…
Noranda buys more Freewest
Noranda Minerals, a division of Noranda (TSE), has acquired an additional 364,745 common shares (3.9%) of Freewest Resources (TSE). Purchased at $4 each as part of a financing agreement between the tw…
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…
Cache encouraged at Courville bet
Recently announced results of a drilling program on zone A of the Courville project near Val d’Or, Que., confirm the project’s potential, Cache Explorations (ME) said. Cache optioned the property to e…