Bull Run Gold Report
For the fourth quarter ended Dec. 31, 1990, Bull Run Gold Mines (NASDAQ) reported earnings of US$3.6 million compared with a fourth-quarter loss of US$224,000 in 1989. The results included earnings of…
News
U.S. REPORT Kalahari acquires land position near Homestake gold
A geophysical program is under way on a large land position recently acquired by Kalahari Resources (VSE) about 35 miles southeast of the famous Homestake gold mine near Lead, South Dakota. Kalahari h…
QPX backs Rea Gold offer
The board of directors of QPX Minerals (TSE) is recommending shareholders accept a recent offer by Rea Gold (TSE) to purchase any and all outstanding QPX shares. Rea Gold offered one Rea Gold common s…
Rules unclear mining lawyers say
As concern for the environment increases, mining companies are becoming increasingly uncertain as to what they are required to do before they can obtain mining permits, the Prospectors and Developers …
Ontario’s new Mining Act takes effect June 3
Ontario’s new mining act will come into force on June 3, says Mines Minister Gilles Pouliot. The new act will contain revised regulations on claim staking and recording, assessment requirements and mi…
Thunderwood sends 2 rigs to Scott Lake
Partners Thunderwood Resources (TSE) and Greenstone Resources (TSE) will resume the search for an economic massive sulphide deposit on their Scott Lake joint venture when drilling begins at the Chibou…
Rio taking control of South Kemess project
An agreement has been reached between St. Philips Resources (VSE) and Rio Algom (TSE). It gives Rio the option to purchase up to 3.8 million treasury shares of St. Philips plus 1.2 million shares (exi…
NEWS IN BRIEF United Coin Mines
Toronto-based United Coin Mines (TSE) recently borrowed $3.2 million from investment banker DCC Equities for a term of one year. The loan bears interest at prime plus 2%. Incidental to the loan, DCC r…
Galico options Cominco claims
A program of diamond drilling and geophysical surveying is being planned by Galico Resources (VSE) for the Metla property 15 miles northwest of the Golden Bear gold mine in northwestern British Columb…
Toronto Stock Exchange Inco reaches high as investors bet on
The upward trend in share prices continued during the week ended April 2 as interest rates dropped to 10.75% and investors placed their bets on an early end to the economic recession. While Januarys 1…
LETTERS TO THE EDITOR Concerned about Bill of Rights
Our association certainly agrees that the environment is important. Our members and their families are also part of the environment. In fact, our members are much more aware of the environment than th…
Copper Council holds seminar
The American Copper Council (ACC), based in New York City, is offering a foreign trade seminar for executives involved with the copper industry at its June meeting in Quebec City. The 2-day seminar wi…