Montreal Exchange Armeno shows gain
Topping the list of active resource stocks during the week ended April 16 was Vancouver-based Armeno Resources, which gained 4 cents to 44 cents on trading of more than 600,000 shares. Among the compa…
Articles by Northern Miner Staff
Claimstaker stakes in Toodoggone
A group of claims totalling 56 units have been staked in the Toodoggone region of north-central British Columbia by Claimstaker Resources (VSE). The claims are immediately adjacent and to the south of…
Exploration spending shifting to base metals
Most of Canada’s major mining companies will spend less on exploration this year as part of an industry-wide decline in the search for new deposits. And with the price of gold resting comfortably at U…
DRX explores Yap gold bet
New York-based DRX (NASDAQ) is encouraged by exploration results on a Micronesian gold property in Yap State, 750 miles north of Papua New Guinea. Yap State is a former U.S. trust territory and the gr…
U.S. REPORT ASARCO signs new wage deal
New York-based metals producer Asarco (NYSE) has signed a new 3-year wage deal with the United Steelworkers union which represents 130 employees at the company’s Glover, Miss., smelter and refinery. T…
Tagish continues Eskay dispute
A legal dispute brought about by prospector Paul Dupras and Tagish Resources against Prime Resources Group (VSE) was stayed pending the outcome a second dispute to be heard in May. Tagish had sought a…
Cyanide usage
As a graduate of an accredited mining college, a geologist who trained with the Manitoba Department of Mines and a qualified physical scientist with the Geological Survey of Canada, plus a former gold…
NEWS IN BRIEF Freewest Resources
Freewest Resources (TSE) has completed a private placement of $450,000 at $3.80 per share with La Societe en Cammandite Miniere. Proceeds from the placement will be used to continue exploration on the…
U.S. REPORT Record production at Champagne mine
The Champagne gold mine in Idaho turned out a record 26,700 oz. gold equivalent in 1990 — its first full year of production — and generated $11.6 million in revenue and a gross profit of $6.5 millio…
TVX Gold reports profit
Toronto-based TVX Gold (TSE) has reported its audited net earnings for 1990 following the amalgamation of its predecessor company Consolidated TVX Mining with Inco Gold on Jan. 7. For accounting purpo…
Tundra approval for consolidation
Shareholders of Tundra Gold Mines (VSE) recently voted in favor of a share consolidation and a corporate name change, the company reported. Pending regulatory approval, Tundra will consolidate its sha…
TORONTO STOCK EXCHANGE INDICES (April 22, 1991)
Apr. 16 Apr. 15 Apr. 12 Apr. 11 Apr. 10 HIGH LOW Composite”300″ 3539.73 3516.43 3509.39 3504.84 3494.06 4009.47 3009.91 Metals & Minerals3147.92 3120.02 3123.67 3116.87 3079.56 3453.06 2502.63 Integra…