Quebec Sturgeon tables placement
Quebec Sturgeon River Mines (TSE) says it has completed an $850,000 private placement of 10% convertible debentures. The company says interest on the debentures, due March 1, 1996, is payable semi-ann…
News
NO HEADLINE (April 09, 1990)
TEXT: The American Mining Congress (AMC) criticizes the proposed convention on the regulation of Antarctic mineral resources activities, noting that it discourages private companies to search for ore…
U.S. Report Battle Mountain boosts stake in Bolivian company
In a move that increases its interest from 33.33% to 51%, Battle Mountain Gold (NYSE) has gained control of the Bolivian gold mining company, Empresa Minera Inti Raymi. Battle Mountain had an option t…
Cash shortage hits firms with mining operations in Brazil
Sweeping economic reforms and anti-inflation measures initiated last month by Brazil’s new president, Fernando Collor de Mello, have sent that country’s capital markets into a tailspin and caused a se…
Higher earnings for CoCa Mines
Net income of US$1.9 million (17 cents per share) on revenue of US$28.3 was reported by CoCa Mines (TSE) for 1989, compared with net income of US$184,500 (2 cents per share) on revenue of US$13.6 mill…
Louvicourt takes back seat at Aur Res. annual meeting
A lawsuit overhanging the Louvicourt Twp. massive sulphide discovery took a backseat at a recent annual meeting in Toronto as President Jim Gill of Aur Resources (TSE) outlined the company’s plans for…
IOCC GOLD OPTIONS (April 09, 1990)
Options Open Series Volume Last Interest May 360 C 129 23.50 155 May 380 C 1,125 9.50 1,352 May 390 C 275 6.20 829 May 400 C 1,026 1.80 1,646 May 410 C 163 2.00 1,913 May 420 C 436 0.90 3,655 Aug. 400…
Bema’s Chilean bet rewards directors
Bema Gold (TSE) President Clive Johnson and directors Ian Johnson and Barry Rayment profited recently from the company’s decision to finance a major Chilean gold-copper project to production. Since Be…
Suntac estimates larger reserves
With the first phase of their 1990 drilling program complete, Suntac Minerals (VSE) has released an in-house reserve calculation for the C vein on the Polaris-Taku property in the Tulsequah River area…
Lixor drilling Courville bet
Encouraging results have been reported by Lixor (ME) from its gold project in Courville Twp., 25 miles northeast of Val d’Or, Que. Lixor is earning a 50% interest in the property from Billiton Resourc…
Uranerz to continue work on kimberlites
Exploration on a kimberlite deposit in the Fort a la Corne region of Saskatchewan will begin in a few weeks. Several holes will be drilled on the most prospective of the seven diamond-bearing kimberli…
Inco to spend $4.6 m at old Cochenour bet
Plans for a $4.6-million underground exploration program at the Cochenour-Willans gold mine property near Red Lake, Ont., were finally revealed by Inco Gold recently. Inco Gold, a unit of Inco (TSE), …