Bond Gold drops Shoal Lake option
After a year-long legal battle to secure its rights to the Shoal Lake claims in northwestern Ontario, Bond Gold Canada (TSE) has dropped its option to earn the remaining 50% interest in the gold prope…
News
Teck will take 450,000 oz. gold from Hemlo in ’91
With a 50% interest in two of Canada’s richest gold mines, Teck (TSE) was able to chalk up healthy financial results for yet another year. President Norman Keevil told shareholders at the recent annu…
PEOPLE CALLAHAN MINING
William Nicely elected chairman, president and chief executive officer succeeding Charles Snead who resigned.
Montreal Exchange Changes for La Sarre
The senior mining companies fared well during the week ended April 30 in terms of trading activity, although the general daily volumes, in the range of 2.9 million to 5.2 million shares, were off from…
Noranda offers Hemlo all its gold properties
Noranda (TSE) has offered to sell all of its gold assets worldwide to Hemlo Gold (TSE) for $80 million. If the deal goes through, it would boost Hemlo’s reserves of proven and possible contained gold …
Magnesium plant to be shut down
The new magnesium plant built near High River, Alta., will close following a decision by a partner not to continue funding the operation. The production facility was built by the Magnesium Company of…
Judith Gold to merge with Crown
Through a merger proposal with Judith Gold Mines, Crown Resources (VSE) expects to add over 2,000 oz. gold production per year. Crown is proposing a share exchange on a 1-for-25 basis which would resu…
TORONTO STOCK EXCHANGE INDICES (May 06, 1991)
Apr. 30 Apr. 29 Apr. 26 Apr. 25 Apr. 24 HIGH LOW Composite”300″3468.81 3472.23 3497.22 3502.00 3504.10 4009.47 3009.91 Metals & Minerals 3095.41 3089.44 3134.90 3158.36 3201.71 3453.06 2502.63 …
Pulse drilling in South Carolina
A drilling program recently commenced on the Hinson gold project, about three miles southwest of Jefferson, S.C. Pulse Resources (VSE) can earn a 100% interest in the property by making cash payment…
Inco’s Indonesian subsidiary reports lower revenue, profit
P.T. International Nickel Indonesia, the 58% owned subsidiary of Toronto-based Inco (TSE), recently reported a 48% decline in its first-quarter earnings compared with last year’s levels. P.T. Inco., w…
U.S. REPORT Roby Partnership, Santa Fe boost reserves at Marigold
Drilling continues on the Marigold property in Nevada where the owners, the Roby Partnership (70% interest) and Santa Fe Pacific Minerals (30% interest), have identified several zones. In addition to …
Princeton arranges debenture financing
A private placement of $12 million in convertible debentures was recently completed by Princeton Mining (TSE) through Deacon Barclays de Zoete Wedd. The debentures pay 10% and are convertible into com…