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…
News
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.
NEWS IN BRIEF Jazzman Resources Inc.
Jazzman Resources Inc. (JZM:VSE) has changed its transfer agent to Pacific Corporate Trust.
NEWS IN BRIEF Blue Gold Resources Ltd.
Blue Gold Resources Ltd. (BLQ:VSE) has changed its transfer agent to Pacific Corporate Trust.
Corona net earnings slip
First-quarter net earnings of Corona (TSE) slipped to $6.2 million this year from the $10.5 million reported in the first three months of 1990. The company said the decrease reflects a decline in oper…
Dickenson production down but earnings slightly better
While gold production at Dickenson Mines’ (TSE) Red Lake, Ont., operation is down slightly from last year’s levels, the company reported a slight increase in first-quarter earnings. Dickenson said ear…
Cleanup costs make past producers unpopular – It’s hard to sell an
It was once the case with dormant mines that any prospects for a re-opening rested with the underground potential. In today’s environmental climate, the focus has shifted to the surface, specifically …