Cons. TVX reports reduced earnings
Consolidated TVX Mining (TSE) reported reduced annual earnings for 1989 of $6.3 million or 15 cents per share, compared with $13.3 million or 44 cents per share in 1988. TVX said the decrease in earni…
News
BP focusing on properties on east and west coasts
With a grassroots exploration budget of nearly $7 million this year, the mining division of BP Canada (TSE) is emphasizing its most promising base metal and gold properties in Newfoundland and British…
Pershing finances
Pershing Gold, which has an interest in a gold-silver property in Nevada and which trades over-the- counter in the U.S., reported total assets of US$1.9 million for 1989, down slightly from the previo…
Quality driving force behind Amax growth
In its recently released 1989 annual report, Amax Gold (NYSE) stressed that quality will be the driving force behind the future growth of the company. The company notes that it plans to grow through e…
No dissenters evident following Prime, Stikine, Corona marriage
In an unusual display of sweetness and light for a mining industry takeover, all key players are professing to be winners in the recently announced plan to merge Prime Resources Group (VSE) and Stikin…
Claim sales net B.C. more than $280,00
Three mineral claim sales held in Nelson, Smithers and Vancouver netted the British Columbia government more than $280,000. Mines Minister Jack Davis said the mineral claims up for sale had reverted o…
IOCC GOLD OPTIONS (April 30, 1990)
Options Open Series Volume Last Interest May 380 C 83 5.00 1,443 May 390 C 201 2.90 1,027 May 400 C 250 1.40 2,105 May 410 C 227 0.50 2,094 Aug 380 C 61 17.00 149 Aug 390 C 104 13.00 529 Aug 410 C 130…
Geomaque, Kingswood terminate agreement
Poor stock market conditions and a difficult financing climate have scuttled a $1.2-million exploration agreement between Geomaque Explorations (TSE) and Kingswood Explorations (ASE). The two companie…
Great Lakes Minerals plans public offering
Toronto-based junior Great Lakes Minerals is planning a public offering of 2.4 million units (shares and warrants) at 45 cents per unit. One-third of the units are expected to be purchased in Europe. …
New base metal plays shaping up in Quebec
Another exciting season for base metals exploration activity is taking shape in northern Quebec’s Abitibi greenstone belt as several key polymetallic projects are being slated for significant work pro…
Drilling at MacLeod hints at low-grade, high-tonnage find for
The last 15 holes of a 35-hole drilling program on the MacLeod Lake property have intersected significant widths of copper mineralization, fuelling hopes for a low- grade, high-tonnage deposit. By the…
Vancouver Stock Exchange Prime group companies big movers
Once again, Prime group companies dominated trading activity on the Vancouver Stock Exchange for the week ended April 24. Even through Eastern equity markets are still reeling from the Bank of Canada’…