Another hit at Myra Falls
The latest assay results released by Westmin Resources (TSE) appear to show a westerly extension of the high-grade Gap zone discovered earlier this year on the Myra Falls mine property near Campbell R…
News
Triathlon draws 140 competitors
The eighth annual Great Porcupine Goldrush Triathlon attracted 140 competitors on 49 teams to Timmins, Ont., this summer. There were 86 entrants (30 teams) in the 55-km competitive event, and 54 entra…
GOLD FUNDS (August 26, 1991)
BGR Central Net Value $8.94 $5.01 Price $8.00 $4.700 Discount 10.51% 6.2% Value $53,249,416 $79,074,210…
FUTURES PRICES (August 26, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 99.75 99.20 99.20 – 1.10 Sep 99.80 99.00 99.10 – 1.25 Oct 98.90 98.90 98.70 – 2.05 SILVER (in US cents per oz…
FINANCING (August 26, 1991)
Internova Resources Ltd. – 600,000 shs offered @ 26 cents per sh. Garde, Mining Exploration Company Inc. – 860,000 units consisting of 1 class A sh and 1 wt offered @ 45 cents per sh. Southern Alberta…
Writedown results in red ink for gold producer Corona
A net loss of $13.3 million or 19 cents per share was reported by International Corona (TSE) for the first six months of this year after taking into account a $21.9-million writedown of its investment…
Unlisted trading
Reports from the bush don’t seem to have awakened the market from its summer lull. News about Wye Resources’ encounter of a mineralized zone on the Gorham property, five miles north of Thunder Bay, On…
Asamera’s second quarter shows sharp improvement
The latest results for gold and silver producer Asamera Minerals (TSE) show a turn for the better with net income of US$4.23 million for the 1991 second quarter ended June 30. This compares with a los…
NO HEADLINE (August 26, 1991)
Options Open Series Volume Last Interest Aug 360 P 15 3.00 0 The New York closing gold price was $357.50 per oz. Last quotations for gold options traded in Montreal and Vancouver as provided at the cl…
PROFILE (August 26, 1991)
Early this year, nickel giant Falconbridge Ltd. placed a new man at the helm. Frank Pickard, 57, who has been with the company since the 1950s, succeeded Alex Balogh to become president in January. So…
GUEST COLUMN (August 26, 1991)
With the proclamation of the 1989 Mining Amendment Act (MAA) on June 3, the mining industry is faced with the most significant amendments ever made to Ontario’s Mining Act. At the annual general meeti…
New contract at Falconbridge
Union workers at the Sudbury, Ont., operations of Falconbridge voted 68% in favor of a new 3-year contract. Ratification came the day before a strike deadline by members of the Mine, Mill and Smelter …