Atlantic Goldfields no longer mining
As a result of a merger between Atlantic Goldfields (COATS) and Norcast, Atlantic’s main interests have switched from mining to producing grinding media from Norcast’s three iron and steel foundries. …
News
American Barrick moves up but Placer still top gold producer
Moving up the list of top Canadian gold producers is American Barrick Resources (TSE), which Richard Cohen of securities firm BBN James Capel says could occupy the second position in the country by th…
Oversupply continues to dampen revenues for Canada Tungsten
High volumes of exports from Chinese tungsten producers are continuing to depress tungsten prices, keeping Canada Tungsten’s (TSE) earnings on a downward spiral. The company suffered a net loss of $2 …
Aur, Louvem drop as latest drilling returns low values
Pressure to satisfy the market’s desire to know how drilling is progressing at the Louvicourt Twp. massive sulphide project is taking its toll on the share prices of Aur Resources (TSE) and Societe Mi…
Prime’s latest falls short of `coarse gold’ expectations
Although not as spectacular as initially estimated, drill hole 90-489 from the Eskay Creek project north of Stewart, B.C., still turned out dazzling assay results for both precious and base metals. Pr…
Michele keen on Quebec bet
Junior Michele Gold Mines (VSE), which recently raised working capital of $97,000 through a private placement, is seeking financing or a partner to explore property in the Lake Kenogami- Chicoutimi ar…
Govt. watchdog reviewing Northgate, Westfield deal
A determined effort by some shareholders of Westfield Minerals (TSE) to persuade regulatory authorities to review the sale of Westfield’s interest in a Chilean gold mine to Northgate Exploration (TSE)…
IOCC GOLD OPTIONS (May 07, 1990)
Options Open Series Volume Last Interest May 380 C 25 2.50 1,448 May 390 C 38 0.80 1,122 Aug 380 C 30 12.00 149 Aug 390 C 114 8.50 579 Aug 420 C 25 2.75 941 Aug 450 C 41 0.70 1,697 Nov 400 C 105 13.00…
Echo Bay won’t increase its stake in Magino, Magnacon
Large North American gold producer Echo Bay Mines (TSE) has decided not to proceed with a plan to exchange its shares in the Muscocho group of companies for a direct interest in the group’s struggling…
Base metals exploration focus of Bathurst moot
A 4-day symposium is planned by the New Brunswick Prospectors and Developers Association (NBPDA) and the Department of Natural Resources and Energy (DNRE), June 10-13. The symposium combines field tri…
U.S.Report BMR stresses lack of Desert Tortoise
An environmental survey conducted by BMR Gold (ASE) over the company’s America Mine gold project in San Bernardino Cty., Calif., failed to locate any desert tortoise. The tortoise is known to inhabit …
Freewest in position to fund Noranda bet
A flow-through financing agreement with CMP 1990 Resources and Co. has put Freewest Resources (ME) in a position to fund its share of a 100,000-ft. drill program at its 40% owned Harker Holloway gold …