Crown-Gold Texas merger approved
Shareholders of Gold Texas Resources (VSE) voted 96% in favor of a merger with Crown Resources (NASDAQ). Gold Texas shareholders will receive 1.43 Crown shares for each Gold Texas share, bringing the …
News
Oropex seeks funds from New Zealand
Whitehorse-based Oropex Minerals (VSE) has completed a $128,000 exploration program on a gold property in the Shootamook Creek area of the Yukon Territory. The property is between Wolf Lake and the Li…
Gold output up at Sonora’s Jamestown
Some of the operating problems experienced by Sonora Gold (TSE) at its Jamestown gold mine in California appear to have been overcome, as evidenced in the company’s recent third-quarter report. Produc…
Government analyst’s price forecasts consistently accurate (The
Metal prophets and their price predictions were reviewed last month. Among the forecasters mentioned was Gerry Anders of the Ontario Ministry of Northern Development and Mines A teacher, author and ad…
Vista Mines bankrupt
Vista Mines (TSE) has declared bankruptcy. The company will be sharing the fate of its predecessor, which failed in 1984 after building a small 125-ton-per-day mill known as the Rio gold mine near Cre…
Toronto Stock Exchange Indices (December 11, 1989)
1989 Dec 5 Dec 4 Dec 1 Nov 30 Nov 29 HIGH LOW Composite “300” 3939.84 3952.66 3958.65 3942.77 3946.65 4037.83 3353.13 Metals & Minerals 3369.31 3366.52 3357.11 3353.24 …
Agnico-Eagle loss due to gold price
A third-quarter loss reported recently by Agnico-Eagle Mines (TSE) was due largely to subdued gold and silver prices, the company said. Net losses for the three months ended Sept 30 were $114,000 or 1…
Western D’Eldona active in junior oil and gas sector
In June, 1988, I bought 2,000 shares of Western D’Eldona Resources, and I would like to obtain some information on the current status of this company. N.P., Halifax, N.S. The company in which you hold…
Inco considers sale
At the request of the Indonesian government, Inco Ltd. (TSE) will consider a public offering to sell 20% of P.T. International Nickel Indonesia, owned ** by Inco. ** The of…
Northfield, Rockford plan $4-m Larder Lake program
Northfield Minerals (ASE) and its 37% owned affiliate Rockford Minerals (TSE) are preparing to take another look at their Larder Lake, Ont., gold project now that they are about to become the property…
Cold slows Giant’s tailings project
The Yellowknife, N.W.T., tailings treatment project of Giant Yellowknife Mines (TSE) “operated at breakeven” in 1989, its second year of production, the company reports. Incorrect reference was made (…
Green light for Oracle Ridge
The Oracle Ridge copper-silver project near Tucson, Ariz., is slated to become the first producer for Vancouver- based South Atlantic Ventures (VSE). Before making its positive production decision, th…