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…
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…
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 …
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…
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 …
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…
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…
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…
Drilling is under way on the Veladero, Del Carmen, Rio Frio and Poposa projects in San Juan, Argentina.Argentina Gold (VSE), which holds a 60% interest in the Veladero project, reports that geophysica…
A company jointly owned by Mispec Resources (ME) and its Indonesian partner, P.T. Hunamas Putra Interbuana, has acquired a large property in the Busang North area of Kalimantan, Indonesia.The 14,776-h…
Partners Fleck Resources (VSE) and Anvil Resources (VSE) will conduct an induced-polarization survey on their Snegamook Claims in Labrador in an attempt to define drill targets.Previous drilling faile…
In return for 500,000 of its shares, Lucro Capital (ASE) is acquiring High River Gold’s (TSE) option to earn up to a 51% interest in the former-producing Motherlode copper-gold property, near Greenwoo…
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