Aur drills Abitibi bets
Exploration resumed recently on three Val d’Or, Que., base metal properties optioned by Aur Resources (TSE) from Consolidated Abitibi Resources (ME) and Dumont Nickel (ME). Aur is spending $500,000 o…
News
IOCC GOLD OPTIONS (May 27, 1991)
Options Open Series Volume Last Interest Aug 360 P 100 11.00 215 The New York closing gold price was $356.70 per oz. Last quotations for gold …
PEOPLE KAP RESOURCES
Donald Busby has resigned as a director.
EDITORIAL PAGE History’s shock absorber
“I think what has happened is that gold has reverted to its long-standing original role: shock absorber. For centuries it absorbed every attempt by kings and governments to debase coinage. Commodity p…
Placer Dome battles operating costs
Along with efforts to explore for and acquire base metal properties, management of Placer Dome (TSE) intends to further improve the company’s operating performance this year. “Our profit margins are …
Echo Bay offers bond conversion
Holders of Echo Bay Mines’ (TSE) Swiss Franc 3.875% bonds, due 1996, will be able to convert the bonds into common shares of the gold producer until Oct. 28. At the option of the bondholders, each of…
CIM conference set for Thompson
The seventh Maintenance/ Engineering Operators Conference sponsored by the maintenance/engineering division of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) and hosted by the CIM Th…
Rea Gold focus on QR
Junior producers have become something of an endangered species these days, but Rea Gold (TSE) is bucking the trend and aiming to develop its second operating mine in British Columbia. The company alr…
Loki Gold raises cash to fund Brewery Creek work
After having netted $1.28 million in a recent public financing, Loki Gold (VSE) is well financed to meet exploration commitments scheduled for this year on the Brewery Creek project near Dawson, Yukon…
Montreal Exchange Armeno among active
Trading slowed down during the holiday-shortened week ended May 21, with daily volumes ranging between 3.2 million and four million shares. While the market portfolio managed a gain of less than one p…
Smelter problems for Falconbridge
Production problems were recently experienced by Falconbridge at the company’s Sudbury smelter. The nickel producer, owned 50-50 by Noranda Inc. and Trelleborg AB, said the smelter’s number one furn…
PEOPLE TERITON RESOURCES
Jason Troll appointed president and director succeeding Timothy Brock who resigned; Ed Lee has joined the board of directors.