Noranda buys more Freewest
Noranda Minerals, a division of Noranda (TSE), has acquired an additional 364,745 common shares (3.9%) of Freewest Resources (TSE). Purchased at $4 each as part of a financing agreement between the tw…
News
View from the West Stewart and neighbor exhibit true ‘free trade’
Recently, I attended a mineral industry conference and exhibition in Stewart, B.C., a small coastal town of about 1,500, with a strong mining heritage that dates back to the beginning of the 20th cent…
Cache encouraged at Courville bet
Recently announced results of a drilling program on zone A of the Courville project near Val d’Or, Que., confirm the project’s potential, Cache Explorations (ME) said. Cache optioned the property to e…
Hillsborough sees ’91 earnings from Mt. Hundere mine
If zinc prices remain at the US60 cents level, the Mt. Hundere zinc-project should generate 25-30 cents per share of net earnings for Hillsborough Resources (TSE) in 1991, says President George Vooro….
AMMO history
The Association of Mining Municipalities of Ontario is planning to publish a commemorative history in celebration of its 50th anniversary. Using a government grant of $5,835, the association hopes to …
Spot prices at a glance (April 29, 1991)
Week’s Price (US) Change Gold* $355.90 — $ 5.10 Silver* $ 3.94 + $ 0.013 Platinum* $393.45 — $ 7.30 Nickel** $ 4.07 — $ 0.00 Lead** $ 0.28 + $ 0.02 Copper{ $ 1.12 + $ 0.00 Zinc{{ $ 0.56 + $ 0.09 Co…
U.S. REPORT Digger in US joint venture
Subject to completion of a formal agreement and regulatory approval, Digger Resources (VSE) plans to earn a 50% interest in six precious metal properties held by a unit of Cominco (TSE) in the western…
Noramco juniors plan amalgamation
Three Vancouver-based juniors, Durham Resources (VSE), Edge Resources (VSE) and Golden Day Mining Exploration plan to amalgamate, subject to shareholder and regulatory approval. If acceptable to regul…
Positive feasibility for Verde prompts Bema to seek financing
With a final feasibility study on the Verde deposit now complete, Bema Gold (TSE) is concentrating on obtaining financing for the Chilean gold project. The estimated capital cost for the open pit, hea…
Toronto Stock Exchange Placer, Arimetco active as gold takes a dive
Profit takers sent share prices downward for much of the period ended April 23. Today, April 24, however, Toronto’s composite 300 index closed up 1.71 points at 3541.1 as 21.5 million shares worth $24…
NEWS IN BRIEF Liberian Iron Ore
Shareholders of Liberian Iron Ore (TSE) approved the reduction of the company’s stated capital by almost US$21.5 million and directed the distribution of US$5.43 per share to shareholders of record Ma…
PEOPLE PROFCO RESOURCES — Anna Nyarady appointed president
American Barrick Resources President Robert Smith was named chairman of the Gold Institute for 1991 at the association’s recent annual meeting in Amelia Island Plantation in Florida. Smith succeeds Fr…