U.S. REPORT (August 26, 1991)
Halifax-based NovaGold Resources (TSE) will begin exploration on 55 claims contiguous to its Sawtooth property in Nevada, following an agreement with the WX syndicate, a group consisting of Westfield …
News
Princeton faces tougher times
The first six months of this year have been tough ones for Princeton Mining (TSE) because of operating challenges and labor disputes at both its mines. The company is reporting a first-half loss of $7…
Spot prices at a glance (August 26, 1991)
Week’s Price (US) Change Gold* $ 356.20 – $ 0.30 Silver* $ 3.93 – $ 0.02 Platinum*$345.50 + $ 2.75 Nickel**$ 3.72 $ 0.00 Lead** $ 0.24 – $ 0.01 Copper $ 1.00 – $ 0.01 Zinc $ 0.47 – $ 0.00 Courtesy of …
Temagami claims’ status uncertain following court decision
A 9,800-sq.-km area near Cobalt, Ont., may be reopened for staking if the Ontario government and Teme-Augama Anishnabai band agree to lift a 20-year-old land caution on the mineral-rich ground. Follow…
Second-quarter loss for Inland
Junior producer Inland Gold and Silver (NASDAQ) reported a net loss of US$95,356 from sales of US$846,500 for its 1991 second quarter, compared with net income of US$80,484 from gold sales of US$848,0…
Canada, Chile in joint effort
The governments of Canada and Chile recently signed a letter of intent for an agreement promoting co-operation in mineral technology during the next five years. The two agencies involved are CANMET (C…
Impala, Candela strike out
No significant results were reported by Candela Resources (VSE) from a limited 4-hole drill program recently completed on the Swan copper-gold prospect in central British Columbia. An associated compa…
Stratabound set to ship first ore from CNE mine
Calgary-based Stratabound Minerals (ASE) expects to be shipping its first truckload of ore from the Captain North Extension (CNE) lead-zinc deposit in New Brunswick by the end of August. “Depending on…
Crown arranges needed financing
An investment bank has provided a firm commitment to complete a US$15-million debenture issue for Crown Resources (VSE) in Europe. The notes are due in 2001, carry a 5.75% coupon, and are convertible …
Alberta Stock Exchange (August 26, 1991)
North American Gold was the top trader on the Alberta Stock Exchange for the week ended Aug. 20 with 286,300 shares changing hands. It closed down 38 cents at $3.75, representing more than $1 million …
Montreal Exchange (August 26, 1991)
Political troubles in the Soviet Union didn’t sit too well with investors around the world, whose immediate reaction was to get out of the market. In Montreal, the pattern was no different. Both the m…
Newhawk pursues theory of bulk tonnage at Sulphurets
Project operator Newhawk Gold Mines (TSE) released assays for the first three holes drilled on two of five bulk-tonnage copper-gold targets being tested on its 60% owned Sulphurets property north of S…