Mindoro: a cautionary tale for investors
Editor’s Note: Mindoro was a private company and should not be confused with Edmonton-based Mindoro Resources (MIO-A), a legitimate junior company exploring in southeast Asia.In 1993, rumors began cir…
News
Prime aglow over ’96 earnings
Prime Resources Group (PRU-T) enjoyed higher earnings and increased gold production in 1996.The company earned $42.1 million (or 55 cents per share) on revenue of $198.7 million, compared with $36.5 m…
TSE Short Positions (February 17, 1997)
Short positions outstanding at January 31, 1997Larger individual positions included: Barrick Gold 10,970,779, down 129,771; AJ Perron 0, down 376,400; Anvil Range Mining 780,200, down 144,200; Anderso…
Bralorne set for reopening
After several years of false starts, the historic Bralorne gold mine near Vancouver, B.C., is scheduled to reopen in mid-March.The mine operated from 1916 to 1971, but low gold prices forced its closu…
Chase, Delta get nod for Cikondang gold mine
The Indonesian government has approved a share ownership plan that gives Chase Resource (CQS-T) and Delta Gold Mining (DTG-V) a 77.5% interest in the Cikondang gold mine and surrounding property.The V…
METAL PRICES — FREE MARKET (February 17, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateFeb. 11Feb. 10Feb. 7Feb. 6Feb. 5…
Odds `n’ Sods — Where there’s smoke . . .
Although July 1 in Red Lake, Ont., was hot and dry, it was a perfect day for the town’s annual Dominion Day celebration.The day’s activity’s were to consist of team fire-fighting competitions, hand-mu…
Ursa adds to potential of Koktasjal copper-gold in deposit in Kazakstan
Hamilton, Ont.-based Ursa Major International (URSA-C) has identified additional mineralization on its 75%-owned Koktasjal copper-gold property in the former Soviet republic of Kazakstan.In the recent…
LME Warehouse Levels (February 17, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb.10/97 (change from previous week in brackets):Aluminum925,650(-12,825)Copper218,475(+17,975)Lead110,900(-525)Nickel45,17…
PEOPLE — LEIGH RESOURCE
Gordon Keevil appointed president, director and chief executive officer.
Atlas to expand silver-lead-zinc operations in Bolivia
An expansion program is under way at the Andacaba and Don Francisco mines in the Potosi district of southern Bolivia.The zinc-lead-silver producers were acquired by a subsidiary of Atlas (AZ-N) in Oct…
Orvana expands Pederson resource
An expanded resource at the Pederson project and results from ongoing exploration have Orvana Minerals (ORV-T) confident that other gold deposits will be found on the Bolivian property.The company est…