Girard leaves Cheni Gold Mines
Paul Girard has resigned as president and chief executive officer of Cheni Gold Mines (TSE), a Vancouver-based junior that owns and operates the profitable Lawyers gold mine in the Toodoggone district…
News
Franco-Nevada’s 1990 plans focus on Hemlo gold claims
An after-tax profit of $3.5 million reported recently by Franco- Nevada Mining (TSE) was attributed by the company to a royalty held on American Barrick Resources’ (TSE) Goldstrike gold mine in Nevada…
COATS (over-the-counter) Windy up 50 cents
Shares of Windy Mountain Explorations responded positively to confirmation of a large, low- grade copper discovery on the MacLeod Lake property north of Chibougamau, Que., jumping 50 cents to close at…
Montreal Exchange: Prices in decline (April 30, 1990)
The decline continued on the ME, with the market portfolio down more than 61 points and the mining and minerals index off by more than 92 points for the week ended April 24. Daily trading volumes were…
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…
FUTURES PRICES (April 30, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Apr 124.50 119.00 124.00 + 5.00 May 115.70 111.80 115.50 — 0.75 June 109.50 109.50 112.00 SILVER (in US cents pe…
Equinox plans production at Van Stone
Following a detailed evaluation of the Van Stone zinc property, Equinox Resources (TSE) has exercised its option to purchase the property and plans to bring it into production as soon as possible. The…
MinVen selling mine interest
Securities firm Burns Fry of Toronto has been retained by MinVen Gold (TSE) to help in the sale of the latter’s one-third interest in the Golden Reward gold mine in South Dakota. MinVen announced in M…
No plans to close producing mine, Skyline says
Gold producer Skyline Gold (TSE) has no plans to close its wholly owned Johnny Mountain mine in the Iskut River camp of northwestern British Columbia. Skyline President William Price said rumors of an…
Rea Gold to test NWT prospect
A gold property in the Northwest Territories is providing a new exploration focus for Rea Gold (TSE). Rea is a Vancouver-based junior with a 30% interest and 5% net smelter return in the producing Sam…
Corona takes control of hot Eskay Creek play
By entering into an agreement in principle for the merger of Prime Resources Group (VSE) and Stikine Resources (TSE) into a new company, Corona (TSE) has secured control of the rich Eskay Creek gold p…
Golden Hope gets $9 million for Bellechasse exploration
A large-scale exploration project on Golden Hope Mines’ (COATS) gold-base metal properties in the Eastern Townships area of Quebec is about to begin, thanks to a financing commitment from St. Geneviev…