U.S. REPORT Payment keeps Crown in black
A final payment of US$5 million to Crown Resources (VSE) in January helped push the company’s 1991 first-quarter earnings to US$2.1 million. The results compare with earnings of US$3.3 million in the…
News
Debentureholders pursue Skukum
A debentureholders meeting will be held here in early June to pursue a number of allegations involving Skukum Gold (VSE) during a period when it operated the Skukum Creek gold project 55 miles southwe…
Westfield reports profit
While Westfield Minerals (TSE) recently reported a small first-quarter profit, it is suffering the effects of a decision made in 1989 to sell its mining assets to Northgate Exploration (TSE). Since th…
Centurion pulls gold values
Additional results were released by Centurion Gold (NASDAQ) from recent drilling on its 100% owned Big Horn gold property in southern California. Hole 91-5 intersected 15.1 ft. grading 0.36 oz. gold w…
Kingswood takes options on gold prospect
Kingswood Explorations (ASE) has acquired an option to earn a 100% interest in a gold property straddling Bryce, Truac and Robillard twps., 5.5 km north of Heather Lake, Ont. Based on recommendations…
Moving up the environmental spectrum
Endorsing the concept of sustainable development implies that a company will make a commitment to “develop management skills to a level comparable with those we use in economic management,” says the G…
Insider Trading (May 27, 1991)
Redfern Resources (TSE) Co-Chairman George Fink and director Murray Pyke recently demonstrated an astute sense of timing by selling part of their holdings in the Vancouver-based explorer. According to…
FINANCING (May 27, 1991)
Loumic Resources Ltd. — 350,000 shs offered @ 90 cents per sh. Procordia Explorations Ltd. — 1,000,000 shs offered @ 18 cents per sh. Loki Gold Corporation — 1,100,000 units consisting of 1 sh an…
GOLD FUNDS (May 27, 1991)
BGR Central Net Value $8.74 $5.08 Price $7.25 $4.700 Discount 17.05% 7.5% Value $52,020,731 $79,074,210…
Stanley installed as CIM president
A partner with Coopers and Lybrand Consulting Group in Vancouver, William Stanley, was recently installed as president of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) for 1991-92. …
Granges to spend $6 million on exploration during 1991
Exploration efforts by Granges (TSE) in the coming year will be focused on the Flin Flon area of northern Manitoba, President Colin Kaiser told shareholders at the company’s recent annual meeting. The…
N.B. Mining Week
The New Brunswick Mining Association will celebrate its third annual Mining Week from May 27 to June 1. Theme for 1991 is “the importance of minerals in the everyday life of the people of New Brunswic…