Denison Mines has profit
Toronto-based Denison Mines (TSE) has reported a profit of $2.9 million on revenues of $67.8 million for the three months ended March 31, compared to a loss from continuing operations of $1.8 million …
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PRODUCER PRICES (April 29, 1991)
ALUMINUM: MW U.S. Market US64.25-66.00 cents per lb. (Apr. 11, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CA…
LAC rights plan
Gold producer LAC Minerals will seek shareholder approval for a rights plan at the annual meeting May 1 in Toronto. LAC’s board of directors adopted the proposed rights plan, aimed at trying to thwart…
NEWS IN BRIEF Freewest Resources
Freewest Resources (TSE) has completed a private placement of $450,000 at $3.80 per share with La Societe en Cammandite Miniere. Proceeds from the placement will be used to continue exploration on the…
Tundra approval for consolidation
Shareholders of Tundra Gold Mines (VSE) recently voted in favor of a share consolidation and a corporate name change, the company reported. Pending regulatory approval, Tundra will consolidate its sha…
GOLD FUNDS (April 22, 1991)
Gold funds as of Apr. 16 BGR Central Net Value $9.19 $5.09 Price $7.63 $4.800 Discount 16.97% 5.7% Value $54,739,816 $80,756,640…
Westmin explores copper-gold bets
An extensive exploration program will be carried out this season by Westmin Resources (TSE) on two large porphyry gold-copper projects north of Prince George, B.C. The two properties are 40 km west of…
Silver Standard boosts potential
Recent drilling by Silver Standard Resources (VSE) on the La Choya project in northern Mexico is reported to have outlined mineralization north and east of the project’s previously defined reserve of …
Lodestar acquires porphyry prospect
A diamond drilling program has been proposed to test Lodestar Explorations’ (VSE) recently acquired Taurus copper-molybdenum-gold property, 46 miles northeast of Tetlin Junction on the Alaska Highway….
Douay partners aim to increase reserve tonnage
The latest drilling program at the Douay Twp. gold property of Inco (TSE) and Societe d’Exploration Miniere Vior (ME) in Quebec’s Casa Berardi region is targeted in part at boosting estimated reserves…
EDITORIAL Killing the goose
Governments suffer from an irresistible urge to ferret out successful mining companies, then devise extraordinary means to extract a portion of their profits for themselves. There is something about c…
Fuda buys Tyranite control
Salvatore Fuda, president of junior explorer Ontex Resources (TSE), recently acquired control of Tyranite Mines (CDN) by purchasing 1.4 million common shares of Tyranite under a private agreement. Whe…