How Quebec is facing environmental issues
Like most governments, Quebec has been facing a budget deficit problem for several years. Consequently, it hesitates to give real money to its Environment Department, even if pressure groups and the…
News
Insider Trading Gwalia acquires Nevada Goldfields
Australian industrial minerals producer Gwalia Consolidated recently fulfilled its ambition to purchase a publicly traded North American gold miner by acquiring Consolidated Nevada Goldfields (TSE) of…
CDDA’s 50th anniversary to include New Orleans trip
Everyone knows everyone in the Canadian diamond drilling industry, and that is clearly evident at the Canadian Diamond Drilling Association’s annual convention. Although it is a highly competitive bus…
Asamera reports first-quarter loss
Lower prices for both gold and silver led to a first-quarter loss from operations of US$323,000 for Asamera Minerals (TSE), compared to modest earnings of US$38,000 a year earlier. The first-quarter …
Harsh winter, low gold price increases Hope Brook’s loss
Although Hope Brook Gold Mines’ (TSE) first-quarter production of 23,252 oz. was on par with last year’s quarterly output, lower gold prices and severe winter weather doubled the gold miner’s losses. …
Sabin approved for Nymex listing
Sabin Metal Corp. has been approved for listing on the New York Mercantile Exchange (Nymex) as an assayer/refiner for delivery of platinum and palladium futures contracts. Sabin joins similarly liste…
Analysts question Hemlo’s ability to benefit from deal
Hemlo Gold (TSE) President John Harvey says Noranda’s (TSE) recent offer to sell its gold assets to Hemlo in exchange for $80 million worth of shares is geared to providing a springboard for future gr…
Toronto Stock Exchange Billiton emerges as favorite to take over
While stalled interest rates kept share prices on an even keel during the week ended May 14, Billiton Minerals was being widely tipped to take over Quebec polymetallic miner Audrey Resources. Audrey P…
Control change at Golden North
Ardvreck Inc., a private company controlled by former Pamour (TSE) President Denis McLeod, recently agreed to purchase a 22.4% controlling stake in Vancouver-based Golden North Resources (TSE). Pendin…
Assays confirm significance of Westmin drilling
While one exciting drill hole does not an orebody make, it was enough to take the sting off disappointing 1991 first-quarter financial results released by Westmin Resources (TSE) at its annual meeting…
IOCC GOLD OPTIONS (May 20, 1991)
Options Open Series Volume Last Interest May 370 P 10 12.00 10 The New York closing gold price was $359.90 per oz. Last quotations for gold optio…
Plexus reports quarterly loss
Gold producer Plexus Resources (TSE) reported a net loss of US$506,000 in the 1991 first quarter because of adverse weather conditions and the installation of a new conveyor at the joint venture Dento…