St. Andrew reports writedown
Gold producer St Andrew Goldfields (TSE) has written down the value of its producing and non-producing mining properties, and written off related development, preproduction and exploration costs, for …
1991
Gold supply levelling off according to Gold Fields
The Western world mine supply of gold rose to a new high in 1990, but the rate of growth was less than in 1989, indicating total world supply may soon be levelling off. London-based Gold Fields Miner…
U.S. REPORT LAC, Equinox hit new gold zone with first hole this
Partners LAC Minerals (TSE) and Equinox Resources (TSE) are reporting a new gold discovery on their joint venture Rosebud property in northwestern Nevada. The report is based on results from the first…
TORONTO STOCK EXCHANGE INDICES (June 03, 1991)
May 28 May 27 May 24 May 23 May 22 HIGH LOW Comp. “300” 3492.78 3456.64 3456.06 3446.39 3448.05 4009.47 3009.91 Metals & Minerals 3089.40 3002.61 3996.17 2966.02 2984.31 3453.06 2502.63 Integr…
Success with stepout hole could revitalize Myra Falls
The share price of Westmin Resources (TSE) continued to gain strength after a recent stepout drill hole on its Myra Falls property intersected a 22.7-metre (74.4-ft.) section of high-grade massive sul…
Inspiration given more time to consider offer for HudBay
The U.S. subsidiary of Luxembourg-based Minorco has given 56% owned affiliate Inspiration Resources (TSE) more time to consider its recent $100-million offer to purchase all the outstanding shares of …
Brenda sits on cash
With work continuing to dismantle its now-closed copper mine near Peachland, B.C., Brenda Mines (TSE) reported earnings of $1.6 million on revenue of $2.8 million for the first quarter ended March 31….
U.S. REPORT Kalahari plans drill program near Homestake
After having acquired and consolidated a substantial land package, Kalahari Resources (VSE) is proposing an aggressive surface exploration program for its Keystone gold project near the famous Homesta…
Curragh files tailings plan
Toronto-based Curragh Resources (TSE) has filed a proposal with the federal government’s Yukon Territorial Water Board for the decomissioning of the tailings area near its zinc-lead operation at Faro,…
U.S. REPORT USMX reports new find at Alligator Ridge property
A third gold discovery was reported by USMX (NASDAQ) from its Alligator Ridge property in White Pine Cty., Nev. The recent discovery of gold mineralization on the Horseshoe target follows the North Y…
Grange looks for partners (June 03, 1991)
A consulting firm was recently hired by Grange Gold (VSE), a junior company looking to investigate possible joint ventures or partnership arrangements for its 50% owned Lovitt Mining. Lovitt owns abou…
Placer options Newfoundland bet
Major company Placer Dome (TSE) plans to fund a $200,000 exploration program this year on the Isle Aux Morts River gold property held by Fortune Bay Resources (VSE) in southwestern Newfoundland. The p…