Grange looks for partners (June 03, 1991)
A consulting firm was recently hired by Grange Gold (VSE), a junior company looking to investigate possible joint ventures or partnership arrangements for its 50% owned Lovitt Mining. Lovitt owns abou…
News
Placer options Newfoundland bet
Major company Placer Dome (TSE) plans to fund a $200,000 exploration program this year on the Isle Aux Morts River gold property held by Fortune Bay Resources (VSE) in southwestern Newfoundland. The p…
PEOPLE JORDEX RESOURCES
David DeWitt appointed director.
Goodman boosts Prime ownership
Toronto-based Ned Goodman reported boosting his ownership by 2.3% in Prime Resources Group (VSE), the operator of the Eskay Creek gold exploration project in northwestern British Columbia. Goodman sai…
Inco, Vior boost tonnage on Douay venture’s West zone
A new preliminary reserve estimate of 643,000 tons grading 0.29 oz. gold per ton for the West zone of the Douay joint venture gold project in northwestern Quebec has been announced by Inco (TSE) and S…
Canarc to acquire Suntac interest
A series of transactions proposed by Canarc Resource (VSE) is expected to result in the company owning 37% of Suntac Minerals (VSE). Suntac’s key asset is an option to earn a 60% interest in the Polar…
METAL PRICES FUTURES PRICES (June 03, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jun 101.50 99.80 99.90 — 1.10 Jul 99.45 98.80 99.20 — 0.30 Aug 98.80 98.80 98.80 — SILVER (in US cents per o…
IOCC GOLD OPTIONS (June 03, 1991)
Options Open Series Volume Last Interest Aug 370 C 10 4.50 13 The New York closing gold price was $363.50 per oz. Last quotat…
TSE Short Positions (June 03, 1991)
Semi-monthly reports as of May 15, showed 25,640,565 shares of 587 issues compared with 26,009,570 shares of 646 issues on Apr 30. Larger individual positions included: Amax Gold 35,400, up 32,400; A…
LETTERS TO THE EDITOR Coeur d’Alene listed on NYSE
I have read your informative article (T.N.M., May 13/91) on the Kensington gold joint venture in Alaska. The Northern Miner has traditionally done an excellent job of covering mining activities in Can…
Mining starts at SB property
Mining began May 20 at the SB gold property near Stewart, B.C., a joint venture between Tenajon Resources (VSE) and operator Westmin Resources (TSE). Tonto Mining was awarded the contract for mining,…
Hope Brook suspends mining to avoid violation
For the second time in as many years, Hope Brook Gold Mines (TSE) is temporarily suspending operations at its 3,000-ton-per-day Newfoundland gold mine in a bid to solve nagging environmental control p…