Echo Bay offers bond conversion
Holders of Echo Bay Mines’ (TSE) Swiss Franc 3.875% bonds, due 1996, will be able to convert the bonds into common shares of the gold producer until Oct. 28. At the option of the bondholders, each of…
News
Dickenson production down but earnings slightly better
While gold production at Dickenson Mines’ (TSE) Red Lake, Ont., operation is down slightly from last year’s levels, the company reported a slight increase in first-quarter earnings. Dickenson said ear…
Veteran of Eskay dispute seeks job as claims inspector
A director of Waterford Resources (VSE), a company prominent in recent claim disputes in northwestern British Columbia’s Eskay Creek gold camp, has resigned to “pursue career goals” with the province’…
EDITORIAL PAGE History’s shock absorber
“I think what has happened is that gold has reverted to its long-standing original role: shock absorber. For centuries it absorbed every attempt by kings and governments to debase coinage. Commodity p…
Pamour named in tailings mishap
The Ontario Ministry of the Environment has issued an order against Pamour (TSE) which requires the company to take certain steps in relation to an incident last October near Matachewan, Ont., involvi…
Drilling extends strike length RFC expands Pend Oreille
Halfway through a 20,000-ft. underground drilling program on the Pend Orielle project in Washington State, RFC Resource Finance (TSE) has extended the strike length of the Yellowhead zone by 600 ft. L…
Loki Gold raises cash to fund Brewery Creek work
After having netted $1.28 million in a recent public financing, Loki Gold (VSE) is well financed to meet exploration commitments scheduled for this year on the Brewery Creek project near Dawson, Yukon…
Montreal Exchange Armeno among active
Trading slowed down during the holiday-shortened week ended May 21, with daily volumes ranging between 3.2 million and four million shares. While the market portfolio managed a gain of less than one p…
TORONTO STOCK EXCHANGE INDICES (May 27, 1991)
May 21 May 20 May 17 May 16 May 15 HIGH LOW Composite”300″ 3447.63 Holiday 3449.74 3456.18 3444.71 4009.47 3009.91 Metals & Minerals 2991.77 Holiday 2997.42 3017.76 3007.73 3453.06 2502.6…
High fixed costs make volume key to Greens Creek success
Even though mesothermal vein-type gold deposits are most often associated with Juneau’s rich mining past, the district’s first new producer is a massive sulphide deposit that turns out significant amo…
Zinc price set to rebound says Nanisivik president
As 40% of the world’s zinc producers will have trouble meeting their cash costs at current prices, zinc won’t remain at recent levels for very long, said Graham Farquharson, President of Conwest Explo…
NEWS IN BRIEF BMR Gold
BMR Gold (TSE) has hired a New York investment banking group to help in arranging a private financing worth up to $4.5 million to be spent on BMR’s Oliver Hills heap leach facility, which is nearing s…