Granges reports loss of $972,000
For the three months ended June 30, Granges (TSE) reported a loss of $972,000 versus a loss of $1.07 million in the second quarter, 1989. The company reported that earnings from mining operations for …
1990
U.S.REPORT NEWS IN BRIEF
.U.S. Grant Gold Mining Co. Ltd. (USG:VSE) has changed its name to Atrium Resources Ltd. (ATM:VSE) on a 1-new-for-7-old- share basis. Transfer agent is Central Guaranty Trust.
OBITUARY (September 10, 1990)
George Webber, longtime employee of the Hollinger gold mine in Timmins, Ont., died recently in Georgetown, Ont. He was 89. Born in London, England, he came to Canada in the early 1920s. Webber initial…
Total buys shares in junior affiliate
Open-market stock purchases by Total Resources (Canada) of Calgary have boosted the company’s holdings in Total Energold (TSE) to 72.5% of the latter’s outstanding shares. Total Resources, a wholly ow…
EDITORIAL PAGE Incentives needed, consistency required
Once again the Prospectors and Developers Association of Canada has presented a strong case concerning a number of issues at the annual mines ministers conference. Sustainable development was the them…
Tenajon reports SB drill results
Assay results were released by Tenajon Resources (VSE) from several holes previously reported to have intersected visible gold on the SB property, north of Stewart, B.C. The drilling was part of a rec…
Montreal Exchange Goldex- Ormico program
A softening gold price, the result of quieter times in the Persian Gulf, seemed to spur the stock market. The general market portfolio index, while still off, was down by only 3.5 points for the week …
INSIDER TRADING Agnico ups interest in Goldex to 30%
Toronto-based gold producer Agnico-Eagle Mines (TSE) recently increased its exposure to any new developments at a Val d’Or, Que., exploration property held by affiliate Goldex Mines (TSE). According t…
Mining contractors form association to improve image
Representatives from 12 major mining contractors met recently in North Bay, Ont., and formed the Mining Contractors Association of Canada (MCAC). The delegates, from Ontario, Saskatchewan and Quebec, …
Spot prices at a glance (September 10, 1990)
Week’s Price (US) Change Gold* $384.60 — $4.50 Silver* $4.76 — $0.10 Platinum* $484.50 — $3.75 Nickel** $4.96 — $0.03 Lead** $0.39 — $0.01 Copper- $1.32 — $0.01 Zinc $0.71 — $0.04 Courtesy of S…
COATS (over-the-counter) Home Lake up 40 cents
On word that Home Lake Resources had staked 100 claims in the Eastmain River area of northern Quebec, shares of the junior company jumped 40 cents to close at $1.55 on a volume of 120,950 for the week…
Brunswick cleaning up smelter
Brunswick Mining and Smelting has started a cleanup program at its Belledune, N.B., smelter, according to Canadian Occupational Health & Safety News. Recommendations for the cleanup were made by an in…