Goldnev issues shares for debt
Two recent agreements allowed Goldnev Resources (VSE) to settle debt by issuing shares and thereby eliminate its short-term debt. Goldnev issued Prime Equities (VSE) 477,942 shares in return for the …
News
Akiko, Gold Fields execute agreement
A recently executed agreement allows Gold Fields Canadian Mining to earn 50% interests in various mineral properties held by Akiko-Lori Gold (VSE) and several associated companies in northwestern Brit…
Grade, location in Habsburg’s favor at Dome Mountain
With the signing of an option deal earlier this year, Habsburg Resources (VSE) hopes to have its Dome Mountain gold-silver property in production by September. The option agreement gives Timmins Nick…
U.S. REPORT “In situ” leaching key to Arimetco’s aggressive plans
By adding the Van Dyke project in Arizona to its list of U.S. properties, Arimetco International (TSE) has increased its copper reserves to six billion from 600 million lb., says Chairman Roy Shipes. …
Unlisted Trading Strike resumes drilling
Announcing a third phase of drilling at the Robertson base metal property near Kirkland Lake, Ont., Strike Minerals advanced to 38 cents before dropping back to close at 32 cents for the week ended Ju…
Thunderwood draws a full house
With standing room only at the recent annual meeting of Thunderwood Resources (TSE), President and CEO John Heslop would have been hard pressed to review any more than the three projects that have bee…
PRODUCER PRICES (July 01, 1991)
ALUMINUM: MW U.S. Market US56.50-60.50 cents per lb. (Jun. 13, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.90-3.05 per lb. (May 23, 1991). CA…
TSE Short Positions (July 01, 1991)
Semi-monthly reports as of Jun 15, showed 24,245,977 shares of 564 issues compared with 22,603,148 shares of 583 issues on May 31. Larger individual positions included Amer. Barrick 242,362, down 181,…
Boliden closes Toronto office
Toronto-based Boliden Canada, a wholly owned subsidiary of Boliden International Mining, will cease operations July 31. All future North American exploration and administration will be conducted throu…
Galactic reviewing DCC merger
With one merger already on its plate, Galactic Resources (TSE) is reviewing the possibility of a second merger. The company has been in the process of merging with Cornucopia Resources (TSE) for som…
Noranda deal boosts Hemlo’s growth plans
The recent offer of Noranda Inc. (TSE) to sell to Hemlo Gold Mines (TSE) all of its gold assets in exchange for 8.6 million common shares of Hemlo and about $10 million in royalties, was accepted rece…
METAL PRICES FREE MARKET (July 01, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 25 June 24 June 21 June 20 June 19 Copper 1367-1369 …