Breakwater lowers Corona earnings
Despite an 11% increase in gold and gold equivalent production, Corona (TSE) reported slightly lower earnings in 1990 over those reported in 1989. The company’s 1990 net earnings reached $9.2 million,…
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IOCC GOLD OPTIONS (March 18, 1991)
Options Open Series Volume Last Interest Aug. 380 C 2 10.50 78 Aug. 400 C 40 6.00 93 Aug. 440 C 25 1.60 70 The New York closing gold price was $364.50 per oz. Last quotations for gold options traded i…
GOLD FUNDS (March 18, 1991)
BGR Central Net Value $ 9.20 $ 5.15 Price $ 8.00 $ 4.650 Discount 13.04% 9.7% Value $54,763,943 $78,232,995…
Eskay Creek talks break off
Discussions between Placer Dome (TSE) and Corona (TSE) broke down after the two companies were unable to settle undisclosed issues relating to future development of the Eskay Creek project north of St…
U.S.REPORT Silverado releases O’Dea reserve
Following a compilation of past drilling and underground development work on the Ester Dome joint venture, 20% owner Silverado Mines (VSE) estimates preliminary reserves on the O’Dea vein stand at abo…
`Digger’ Gorman concludes series with talk on prospecting
Well-known and respected geologist Dr. D.H. “Digger” Gorman will give the concluding paper in a series of five talks on prospecting and mining organized by the Prospectors and Developers Association o…
TSE Short Positions (March 18, 1991)
Semi-monthly reports as of Feb 28, showed 25,585,763 shares of 593 issues compared with 26,111,256 shares of 611 issues on Feb 15. Larger individual positions included: Amer.Barrick 204,252, up 32,324…
Hope Brook losses continued in 1990
Continued difficulties with production at its low-grade mine in Newfoundland, coupled with relatively weak gold prices, kept {Hope Brook Gold Mines{ (TSE) in the red during 1990. The company reported …
Corrections (March 18, 1991)
Estimations of probable and possible reserves at the Moss Lake property, west of Thunder Bay, Ont., stand at 82.2 million tons grading 0.031 oz. per ton. A previous story (T.N.M., Mar. 11/91) containe…
Third quarter up for Imperial
Net income of $238,000 was reported by Imperial Metals (TSE) for the quarter ended Dec. 31. The results compare with earnings of $13,000 for the corresponding quarter in 1989. Earnings for the 9-month…
U.S.REPORT Bitech plans heap leach production
Toronto-based Bitech (ASE) has signed a letter of intent to purchase a 50% interest in Red Rock Mining, a private American company, for $800,000. Red Rock owns or has interests in 11,016 acres of heap…
NEWS IN BRIEF Riviera Explorations Ltd.
Riviera Explorations Ltd. (RE:VSE) has changed its transfer agent to Pacific Corporate Trust Co.