NEWS IN BRIEF Stratabound Minerals
The Caparo Group of London, England, has increased its stake in Stratabound Minerals (ASE) to 698,167 shares or about 19.4% of the latter company’s outstanding shares. Caparo, a private United Kingdom…
News
Toronto Stock Exchange Market volatile as war enters second week
Equity markets had a rocky ride during the week ended Jan. 22 as gold and oil prices gyrated in response to the troubling events unfolding in the Persian Gulf war. During the war’s first week, investo…
Dome recovering from bitter strike
Production levels are slowly getting back to normal at the Placer Dome (TSE) Dome gold mine here. The 82-year-old producer is bouncing back from a bitter 5-month strike by the United Steelworkers of A…
Aur Res. claims massive writedown
A writedown of capitalized exploration and development costs incurred in prior years contributed to Aur Resources (TSE) reporting a loss for its fiscal year ended Sept. 30, 1990, of $40.9 million. Rev…
PEOPLE WESTERN MINING CORP. HOLDINGS (AUSTRALIA)
Keith Hulley appointed executive general manager, operations.
INSIDER TRADING Vaughan drops stake in Thunderwood Res.
Thunderwood Resources (TSE) director William Vaughan recently sold a considerable portion of his interest in the Toronto-based gold and base metal explorer. According to the Ontario Securities Commiss…
Cream Silver sues B.C. government for compensation
As part of an ongoing battle with the British Columbia government, Cream Silver Mines (VSE) is taking the next step in its efforts to be compensated for the “expropriation” of its right to explore and…
Montreal Exchange Paymaster work planned
While the general market portfolio index enjoyed a gain of almost 21 points for the week ended Jan. 22, the mining and minerals index slipped by more than 5 points. Daily trading volumes were erratic,…
U.S. REPORT USMX hits second gold discovery on East Top property
Colorado- based USMX (NASDAQ) announced its second discovery of the year after completing a 32-hole drilling program at its East Top property in White Pine Cty., Nev. The drilling intersected a number…
METAL PRICES PRODUCER PRICES (January 28, 1991)
ALUMINUM: MW U.S. Market US70.00- 71.50 cents per lb. (Jan. 10, 1991). ANTIMONY: New York dealer US78-80 cents per lb. (Nov. 29, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). C…
NovaGold to drill Sears Lake property
An 800-metre drilling program is scheduled to get under way at the Sears Lake property in north- central New Brunswick this month. Geophysical surveys have outlined several anomalies similar to those …
Golden Marlin plans work on Hope claims
A winter exploration program on the Hope group of claims near Yellowknife, N.W.T., will allow Golden Marlin Resources (VSE) to earn a 50% interest in the property from Rayrock Yellowknife Resources (T…