1991

Canyon, Phelps Dodge buy Montana gold properties

Colorado-based Canyon Resources (NASDAQ) and a unit of Phelps Dodge (NYSE) have jointly purchased a number of Montana gold properties from Western Energy, a subsidiary of Montana Power. The propetry p…


Junior stocks ignored, investors buy blue chips

Prodded by softening interest rates and expectations of a mid-year end to the recession, the bulls went on a 2-week walkabout that sent trading volumes soaring to levels not seen since the summer of 1…


Strong minerals division fails to halt Noranda loss

Sky high interest rates and a downturn in the Canadian forest industry were reflected in the 1990 financial results reported recently by Toronto-based Noranda(TSE). Largely because of poor markets for…



Reserves released for Red Mountain

The 1990 year end results for Bond International Gold (TSE) provided the first details released by the company of its 1990 summer exploration program on the Red Mountain property near Stewart B.C. A t…


Citadel to explore Jamaican properties

Toronto-based Citadel Gold Mines (TSE) has purchased all the outstanding shares of privately owned Jam-Can Resources for 1.45 million shares of Citadel at 15 cents per share. Jam-Can holds three exclu…


CDN to nurture COATS: Letters to the Editor

Regarding your editorial “The wasted potential of COATS” (T.N.M., Jan. 28/91), we at the Toronto Stock Exchange would like to present our perspective on the issue. The Canadian Dealer Network (CDN), t…


28 holes completed at Rock & Roll

VANCOUVER Based on observations from drilling, partners Thios Resources (VSE) and Eurus Resource (VSE) are reporting a general increase in sulphide content within the Black Dog horizon as drilling pro…


Alberta Stock Exchange: Champion hits gold

A 15-hole drill program on the One Man Lake gold occurrence near Kenora, Ont., has returned some encouraging assays for Champion Bear Resources. Results show a series of gold-bearing zones ranging fro…


Money-losing mine hits Metall earnings

Higher than expected operating and restructuring costs at the Copper Range mine in northern Michigan will reduce Metall Mining’s (TSE) 1990 income by about $7 million, the company estimates. Although …




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