Del Norte options California mine
Based on the favorable findings of a preliminary investigation, Consolidated Del Norte Ventures (VSE) recently acquired an option to evaluate and own 100% of the Idaho-Maryland gold mine and accompany…
News
FINANCING (March 04, 1991)
Sandy Lake Explorations Ltd. – 2,210,000 units consisting of 1 sh and 1 wt offered @ 45 cents per unit, also 400,000 shs offered @ 43 cents per sh. Skeena Resources Limited – 600,000 units consisting …
Hecla ups stake in Acadia to 55%
Hecla Mining (NYSE) of Coeur d’Alene, Idaho, recently increased its stake in Acadia Minerals (TSE) to 55.51% from 52.5%. Under a June, 1990, agreement, Hecla paid Acadia $600,000 in cash in exchange f…
EDITORIAL The great government spending fix
When the Fraser Institute uses some new calculations to take a swing at government spending, the figures may not always be the most reliable but they are always interesting. The Vancouver-based think …
Meet the miners’ reception in N.S.
Over 125 people turned up to meet the miners” at a recent reception held by the Chamber of Mineral Resources of Nova Scotia (CMRNS). he reception kicked off a 2-day annual meeting and seminar, where …
Timmins Nickel gets control of Vedron
Control of Vedron (TSE) has passed to Timmins Nickel (TSE) following the latter company’s acquisition of Belmoral Mines’ (TSE) debt and equity interests in Vedron. Timmins Nickel now owns 6.8 million …
U.S. REPORT FMC earnings slide
As a result of lower silver prices and an increase in operating costs, FMC Gold (NYSE) reported a drop in earnings to US$5.3 million for the fourth quarter ended Dec. 31 from the US$10 million reporte…
Pegasus reports loss of 1990
Non-recurring charges totalling US$53.1 million during 1990 pushed year-end results into the red for Pegasus Gold (TSE). The company reported a loss of US$38.2 million for the year compared with earni…
New World preliminary reserves
A breakdown of total preliminary reserves (T.N.M., Feb. 18/91) for five deposits of the New World gold-silver-copper project in Montana of Crown Butte Resources (TSE) and Noranda (TSE) should have app…
News In Brief New China Resources
New China Resources Ltd. (NEC:VSE) has changed its name to Sino Pac International Investments Inc. with no consolidation of capital. The transfer agent is Montreal Trust. The new company has no furthe…
Toronto Stock Exchange Dividend sparks Rio Algom, as budget
A pro-business budget that ignored the mining sector failed to ignite the kind of activity that investors might have hoped for during the week ended Feb. 26. As allied troops moved in to take out Iraq…
FUTURES PRICES (March 04, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Mar 114.00 112.25 112.50 + 2.45 Apr 111.00 110.20 110.70 + 2.50 May 110.10 108.60 108.90 SILVER (in US cents per …