News

London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 4 June 3 May 31 May 30 May 29 Copper 1296-1298 1272-1273 1…

Although gold production levels jumped significantly for Eastmaque Gold Mines (TSE) in the 1991 first quarter compared with the year-earlier period, the company continues to report losses. Eastmaque r…

A number of Inco (TSE) executives made a substantial profit recently after exercising options at a hefty discount to the nickel miner’s May 29 trading price of US$38.62. According to the Ontario Secu…

The Mattawasaga discovery, east of American Barrick Resources’ (TSE) Holt-McDermott mine in northeastern Ontario, has quickly grown into a sizable ore zone accounting for 45% of the mine’s reserves. A…

Results from a feasibility study on the Knox nickel-copper project in Maine indicate that the deposit could be developed at a capital cost of US$40 million and mined at an operating cost of US$1.90 pe…

Brian Koehn and George Graham appointed directors succeeding Luke Manicaros who resigned.

Ed Gallagher appointed president and director; Frank Hogg and Avraham Elarar appointed directors.

Tony Erlank appointed director.

Milton Zink appointed director and president succeeding Richard Pearson; Frank Varseveld appointed director and executive vice-president.

Jordex Resources Inc. — 400,000 shs offered @ $2.03 cents per sh. Allan Resources Inc. — 1,000,000 shs offered @ 35 cents per sh. Idaho Cons. Metals Corp. — 750,000 units consisting of 1 sh and 1 …

BGR Central Net Value $8.66 $5.05 Price $7.25 $4.650 Discount 16.28% 7.9% Value $51,575,297 $78,232,995…

The second annual Ontario Mining Week will be celebrated June 3-7 across the prov-ince in various communities through a variety of activities, including underground tours, career days, geological excu…