U.S. REPORT Rochester drops South Mercur
In late May, Rochester Minerals (VSE) announced it had relinquished all interest in the South Mercur gold project in Utah. The company said attempts to renegotiate the terms of the agreement with the …
News
Spot prices at a glance (June 24, 1991)
Price (US) Week’s Change Gold $367.30 -$ 3.40 Silver $ 4.43 -$ 0.08 Platinum $368.25 -$11.50 Nickel** $ 3.86 +$ 0.17 Lead** …
Toronto Stock Exchange Equinox, LAC advance on Rosebud intersection
The fact that financier Sir James Goldsmith has parked 28 million shares of Newmont Mining in a Vancouver-listed investment firm known as General Oriental Investments finally came to light during the …
NEWS IN BRIEF Shell sells Line Creek
Calgary-based Manalta Coal, a private company owned by the Mannix family, recently purchased the Line Creek open pit coal mine from Shell Canada (TSE). Shell expects to record a pretax loss of $185 m…
NEWS IN BRIEF Overseas Platinum Corp.
Overseas Platinum Corp. (OPC:VSE) has changed its name to Broadlands Resources Ltd. (BOD:VSE).
NEWS IN BRIEF Placer ups stake in VSM
Placer Dome (TSE) has purchased another 1.4 million common shares of VSM Exploration (TSE) at a price of $1.07 per share. The acquisition increases Placer Dome’s interest in the junior from 50.7% to 5…
Alberta Stock Exchange New plays liven market
Investors greeted summer exploration plans with enthusiasm during the week ended June 18, driving up the share prices of Cochise Resources, Peter Island Resources and Northern Abitibi Mining. Gaining …
Agreement made with Prime group
A recent agreement-in-principle was announced by Silver Talon Mines (VSE) relating to several properties in northwestern British Columbia that will be optioned to three Prime group companies. Under it…
PEOPLE MONTORO RESOURCES
Wei Lew appointed president and director; Robert Downes appointed director.
Program planned for Bonanza Dome
An exploration program is being planned by Freegold Recovery (VSE) for its Bonanza Dome gold project, 115 road miles northeast of Fairbanks, Alaska. The company said this year’s program will include …
Pezim group dominant in northwestern B.C. activity
The onset of summer means the start of exploration programs in northwestern British Columbia, and once again Murray Pezim’s stable of juniors appear to be the dominant group active in the region. A dr…
EDITORIAL PAGE Time for a continental nuclear energy policy
The war in the Persian Gulf should have reminded the U.S. just how dependent it is on foreign sources for its energy needs. That, in turn, should make it equally clear how desirable it is to the U.S. …