St. Genevieve nets $15 million in Louvem deal
St. Genevieve Resources (TSE) is currently considering its options after recently agreeing in principle to sell 4.35 million common shares of Societe Miniere Louvem (TSE)to Noranda (TSE) for $28.3 mil…
News
New Craig shaft dropping quickly
Shaft sinking at the Craig mine of Falconbridge in the Sudbury area is progressing at a rapid pace. Dynatec Mining President Bob Dengler said that during a 31-consecutive-day period in April and May…
PEOPLE CHASE RESOURCES
Paul Ray appointed director; Ian Rozier appointed president.
PEOPLE BRIGHTWORK RESOURCES
Larry Lund appointed president; Ron Bell appointed corporate secretary and Barry Wilson appointed director.
PEOPLE YURIKO RESOURCES
Stuart Rogers appointed president succeeding Barbara Brown who resigned; Wendy Warner appointed secretary; George Maines appointed director.
Hunker Creek keeps the Goulds coming back
The annual Gold Show in Dawson City is over and John and Madeleine Gould are itching to return to the creeks. “We’ve (the family) been mining the same property since 1903,” John says, sitting in his h…
Sonora reports quarter loss
While gold recoveries at Sonora Gold’s (TSE) 70% owned Jamestown mine in California are expected to improve this year, the company continues to be dogged by low gold prices. Sonora recently reported …
Kingswood drilling near Kirkland Lake
Having completed the first phase of a $1-million flow-through financing, Kingswood Explorations (ASE) has started to explore its newly acquired gold property 30 miles southwest of Kirkland Lake, Ont. …
Producers budget $75 million to promote gold
The World Gold Council, the Geneva-based association that promotes the yellow metal on behalf of member companies, couldn’t have picked a better week to hold its first institutional investment forum i…
Arimathaea hits new high on strength of new chairman
Hopes that Graham Lacey will be able to do for Arimathaea Resources (TSE) what he has done at Washington-based Nycal Corp. recently drove the price of Arimathaea shares to a new yearly high of $2. The…
Good Mann results buoy Campbell
The Joe Mann gold-copper mine of Campbell Resources (TSE) in the Chibougamau area of Quebec produced 35,400 oz. gold during the first five months of 1991 and is well on its way to meeting its targeted…
Toronto Stock Exchange Gold sustains recent gains in price runup
Some heavy buying from the National Commercial Bank in Jedda helped to drive gold to its highest level since late January, during the week ended June 11. While the inevitable increase in the price of …