Jonpol raises exploration funds
A private placement is being planned by Jonpol Explorations (TSE) to fund exploration work in Indonesia, Mexico and the James Bay Lowlands of Ontario.The company plans to sell 2 million units at 55 ce…
News
NEWS IN BRIEF (March 04, 1996)
Arbor Resources (AOR: VSE) has changed its name to Klondike Gold (KG:VSE) on a 1-new-for-10-old-share basis.
Gold funds (March 04, 1996)
Gold Funds as of Feb 22 BGRCentralNet Value$22.67$6.96Price $18.25$7.125Discount19.49%Premium 2.4%Value$177,237,000$128,957,513…
Rio welcomes high prices for copper
Improved copper prices and additional production from the Cerro Colorado mine in Chile helped Rio Algom (TSE) post improved financial results in 1995.The company produced 197.1 million lb. copper in 1…
STOCK MARKETS — TSE 300 quiet as metal prices fall
The Toronto Stock Exchange had a relatively quiet week, with low to moderate trading volumes and little movement in the indices. The TSE 300 composite index fell 9.53 points over the period Feb. 21-27…
Homestake Mining posts lower earnings for past year
Despite an increase in gold reserves, Homestake Mining (NYSE) posted lower profits in 1995. The decrease was caused by a combination of a high tax rate and low gains from the sale of assets.The compan…
Tan Range Expl. puts money into Itetemia gold project
Drill results from the Itetemia gold property in Tanzania have prompted Tan Range Exploration (ASE) to inject more cash into the project.Tan Range has allocated more than US$2 million to the Itetemia …
Revenues decline for Denison
Earnings of $15.9 million were reported by Denison Mines (TSE) for 1995, compared with $15.2 million a year earlier.Revenues fell to $64.1 million last year from $85 million in 1994. The decrease in r…
Survey required at Bismillah
A drill permit for the Bismillah 1 claims west of Nain, Labrador, will not be issued until an archaeological survey has been conducted there and the project is approved by the Newfoundland Department …
Drilling begins on claims near Flin Flon, Man.
Consolidated Callinan Flin Flon Mines (VSE) has started exploratory drilling on the Walter polymetallic property near Flin Flon, Man.The company plans to drill up to 10 previously untested targets, de…
Higher copper prices give Gibraltar a boost
Stronger prices for the red metal enabled Gibraltar Mines (TSE) to earn $3.4 million (or 13 cents per share) on revenue of $100 million for 1995.The figure compares with a net loss of $10 million on r…
Bolivar financing will benefit Tomi
A private placement of 4 million special warrants at $1 each will provide Bolivar Goldfields (TSE) with funding for deep drilling and feasibility work on the Tomi gold project in Venezuela.The special…