Significant intersection at Fort Knox
Recent drilling on the Fort Knox property near Fairbanks, Alaska, has returned a 530-ft. intersection grading 0.42 oz. gold per ton in hole 91-319. Fairbanks Gold (TSE) owns a 51% interest in the prop…
News
Pulse drops Barb project
No further work is being planned by Pulse Resources (VSE) for the Barb project, 100 miles north of Watson Lake, Yukon. The company recently completed its 1991 exploration program which was designed to…
Record output for Hycroft
Record gold production was reported for the 1991 second quarter and first half at the Crowfoot/ Lewis mine in Nevada owned by Hycroft Resources (TSE). Gold production for the second quarter ended June…
Hanna negotiates to sell interest in Iron Ore Co.
Cleveland-based M.A. Hanna Co. is negotiating with Mitsubishi Corp. to sell to the Japanese company a 20% interest in Iron Ore Co. of Canada of Montreal. Hanna has an approximate 28% stake in Iron Ore…
Brenda’s cash at $100 million
Earnings for former copper producer Brenda Mines (TSE) reached $1.5 million during the second quarter ended June 30. With over $100 million in cash and no significant operations, the company’s revenue…
METAL PRICES (August 19, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 101.40 100.40 101.03 + 0.30 Sept 101.50 100.20 101.35 + 0.55 Oct 100.75 100.00 100.75 + 0.45 SILVER (in US ce…
Output up for Placer Dome, profit down
Despite increased gold production, Placer Dome (TSE) reported a substantial decline in this year’s first-half earnings from 1990 levels because of lower gold prices and a reduced contribution from bas…
TORONTO STOCK EXCHANGE INDICES (August 19, 1991)
Aug 13 Aug 12 Aug 9 Aug 8 Aug 7 HIGH LOW Composite”300″ 3524.23 3495.38 3502.77 3514.65 3528.63 4009.47 3009.91 Metals & Minerals3107.47 3091.71 3114.58 3146.71 3157.93 3453.06 2502.63 Integrated Mine…
Black Hawk bids for Knox permit
Now that a new set of mining regulations has been approved by the State of Maine, Black Hawk Mining (TSE) is attempting to become the first mining company in over a decade to obtain a mining permit th…
NEWS IN BRIEF (August 05, 1991)
Estaurum Mines Ltd. (EMM:ASE) has changed its name to Westaurum Industries Inc. with a consolidation of capital on a 1-new-for-1-old share basis. The transfer agent is Central Guaranty Trust.
Golden Bear losses mount
Depressed gold prices and high operating costs at the Golden Bear mine are translating into further losses for North American Metals (VSE). The company reported a net loss of $963,000 for its second q…
Prime settles with Tagish
Now that an agreement has been reached with several parties challenging title to the TOK 3-6 claims, partners Prime Resources Group (VSE) and Stikine Resources are expected to have no problems applyin…