Contracting doubles Hillsborough profits
Toronto-based Hillsborough Resources (TSE), which is developing the Mt. Hundere lead-zinc project in a joint venture with Curragh Resources (TSE), succeeded in doubling its profits during 1990. For th…
News
Good copper hole at Deak’s Magusi
Shares of Deak Resources (TSE) rose to new highs after the company reported an intersection of 32.5 ft. grading 3.3% copper from follow-up drilling on its Magusi base metal property in northern Quebec…
Assays awaited on Orex’s Goldboro
A 4-hole test drilling program has been completed by Minnova (TSE) on Exploration Orex’s (ME) Goldboro property in Guysborough Cty., N.S. The program was designed to confirm results from four earlier …
Vancouver Stock Exchange Eurus, Thios prices in retreat
The Vancouver Stock Exchange indices took a breather over the week ended March 13, 1991, after the past month’s mini-rally. The composite index inched up about five and a half points to finish at the …
TORONTO STOCK EXCHANGE INDICES (March 18, 1991)
Mar.12 Mar.11 Mar.8 Mar.7 Mar.6 HIGH LOW Composite “300”3544.41 3555.00 3571.42 3564.04 3571.53 4009.47 3009.91 Metals & Minerals3217.09 3204.19 3235.65 3237.50 3244.10 3453.06 2502.63 Integrated Mine…
FINANCING (March 18, 1991)
Blue Sun Resources Corporation — 1,000,000 units consisting of 1 sh & 2 wts offered @ 40 cents per unit. Crisan Resources Ltd. — 1,400,000 shs offered @ 55 cents per sh. Pulse Resources Ltd. — 1,25…
New Brunswick hosts Rock Room
The New Brunswick Prospectors and Developers Association will showcase the province’s exploration activity at the 59th annual convention of the Prospectors and Developers Association of Canada (PDAC) …
Equinox’s Van Stone resumes production
Eleven months after completing the purchase of the Van Stone zinc-lead mine in northeastern Washington State, Equinox Resources (TSE) has brought the former producer back into production. Van Stone wa…
Sphinx plans West African acquisition
Under an agreement with Tai-Pan Resources, Societe Miniere Sphinx (ME) will purchase a 51% interest in the Bakolobi gold project in Mali, West Africa, for $2.2 million. The agreement expires in June. …
U.S.REPORT Production boost helps Hycroft .dVANCOUVER
Results for the year ended Dec. 31 for Hycroft Resources & Development (VSE) improved over the previous year as a result of higher sales and lower writedowns. The company reported a loss of $141,000 f…
Toronto Stock Exchange Metal stocks advance as Hemlo mulls Noranda
Resource giant Noranda was conspicuous during the week ended March 12 as it moved to pare down a potentially crippling $3.9-billion debt load. Confirming speculation that emerged on Toronto’s Bay Stre…
Spot prices at a glance (March 18, 1991)
Week’s Price (US) Change Gold* $365.20 +$ 1.70 Silver* $ 4.06 +$ 0.23 Platinum* $406.50 +$ 8.00 Nickel** 3.90 +$ 0.09 Lead** $ 0.27 Copper*DA $ 1.10 Zinc*DD $ 0.54 -$ 0.01 Courtesy of Scotiabank. Info…