Speculating on the results of a 20,000-ft. drilling program on the Bellechasse property southeast of Quebec City, investors sent shares of Golden Hope Mines up 10 cents to $1.10 on a volume of 97,137 …
Shares of Golconda Resources rose 5 cents to 24 cents in the week ended Feb. 5 after the company finalized an agreement to acquire a gold property in Oregon. Golconda can earn a 100% interest in the G…
I was interested and amused by the story of a moose and its ability to find gold-bearing rocks, as related by Hugh Coulson in his letter (Dec. 31/90). I have also read with interest Harris Hanson’s re…
A group of Westfield Minerals (TSE) minority shareholders are examining their options now that the Ontario Securities Commission (OSC) has elected not to conduct a hearing into the 1989 sale of Westfi…
Toronto-based Denison Mines (TSE) has been granted more time to pay off a $148.4-million corporate loan facility to the Toronto Dominion Bank and Bank of America. The deadline for repayment has been e…
IMF gold reserves The International Monetary Fund, a global lending agency supported by its nation members, listed about 3.3 million kg (about 103 million oz.) of gold among its general resources asse…
Widely spaced drilling on the Emigrant Gulch prospect has Fischer-Watt Gold (NASDAQ) planning to continue work on the Duv target and several other targets found within a large land package in Park Cty…
The Blue Moon project in Mariposa Cty., Calif., is one step closer to development. Owner Colony Pacific Explorations (TSE) recently optioned 50% of the property to LAC Minerals (TSE) in return for a t…
The Ontario Securities Commission (OSC) ruled recently that George Albino, the former president of Toronto-based Rio Algom (TSE), unfairly used insider information to make a $52,000 profit from his st…
A decrease in Inco’s (TSE) income for the year ended Dec.31 was mainly the result of lower realized nickel prices, the company says. In 1990, nickel prices averaged US$4.10 compared with US$5.61 in 19…
The Vancouver market followed eastern markets for the week ended Feb. 5, staging a heathy rebound. The Vancouver composite index jumped 13.26 points to finish at 511.49 while the resource index added …
Earnings of US$111 million, or US$2.38 per share, were reported by Cyprus Minerals (NYSE) on revenues of US$1.9 billion for 1990. This compares with 1989 restated earnings of US$164.9 million on reven…
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