Asamera reports first-quarter loss
Lower prices for both gold and silver led to a first-quarter loss from operations of US$323,000 for Asamera Minerals (TSE), compared to modest earnings of US$38,000 a year earlier. The first-quarter …
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Harsh winter, low gold price increases Hope Brook’s loss
Although Hope Brook Gold Mines’ (TSE) first-quarter production of 23,252 oz. was on par with last year’s quarterly output, lower gold prices and severe winter weather doubled the gold miner’s losses. …
Sabin approved for Nymex listing
Sabin Metal Corp. has been approved for listing on the New York Mercantile Exchange (Nymex) as an assayer/refiner for delivery of platinum and palladium futures contracts. Sabin joins similarly liste…
Analysts question Hemlo’s ability to benefit from deal
Hemlo Gold (TSE) President John Harvey says Noranda’s (TSE) recent offer to sell its gold assets to Hemlo in exchange for $80 million worth of shares is geared to providing a springboard for future gr…
Toronto Stock Exchange Billiton emerges as favorite to take over
While stalled interest rates kept share prices on an even keel during the week ended May 14, Billiton Minerals was being widely tipped to take over Quebec polymetallic miner Audrey Resources. Audrey P…
Control change at Golden North
Ardvreck Inc., a private company controlled by former Pamour (TSE) President Denis McLeod, recently agreed to purchase a 22.4% controlling stake in Vancouver-based Golden North Resources (TSE). Pendin…
Assays confirm significance of Westmin drilling
While one exciting drill hole does not an orebody make, it was enough to take the sting off disappointing 1991 first-quarter financial results released by Westmin Resources (TSE) at its annual meeting…
IOCC GOLD OPTIONS (May 20, 1991)
Options Open Series Volume Last Interest May 370 P 10 12.00 10 The New York closing gold price was $359.90 per oz. Last quotations for gold optio…
Plexus reports quarterly loss
Gold producer Plexus Resources (TSE) reported a net loss of US$506,000 in the 1991 first quarter because of adverse weather conditions and the installation of a new conveyor at the joint venture Dento…
GOLD FUNDS (May 20, 1991)
Gold funds as of May 14 BGR Central Net Value $8.78 $5.09 Price $7.38 $4.650 Discount 15.95% 8.6% Value $52,275,460 $78,232,995…
Montreal Exchange Casa Berardi drilling (May 20, 1991)
From the Casa Berardi area of Quebec, TVX Gold and Golden Knight Resources reported completion during the first quarter of 19 drill holes at their joint venture gold mining project. Five of the holes …
Past may be prologue if A-J mine revives
If this historic mining town once again becomes an active mining centre, Echo Bay Mines (TSE) will have led the way. The company has taken on two former producing projects just outside this picturesqu…