Montreal Exchange Changes for La Sarre
The senior mining companies fared well during the week ended April 30 in terms of trading activity, although the general daily volumes, in the range of 2.9 million to 5.2 million shares, were off from…
News
Noranda offers Hemlo all its gold properties
Noranda (TSE) has offered to sell all of its gold assets worldwide to Hemlo Gold (TSE) for $80 million. If the deal goes through, it would boost Hemlo’s reserves of proven and possible contained gold …
Magnesium plant to be shut down
The new magnesium plant built near High River, Alta., will close following a decision by a partner not to continue funding the operation. The production facility was built by the Magnesium Company of…
Judith Gold to merge with Crown
Through a merger proposal with Judith Gold Mines, Crown Resources (VSE) expects to add over 2,000 oz. gold production per year. Crown is proposing a share exchange on a 1-for-25 basis which would resu…
TORONTO STOCK EXCHANGE INDICES (May 06, 1991)
Apr. 30 Apr. 29 Apr. 26 Apr. 25 Apr. 24 HIGH LOW Composite”300″3468.81 3472.23 3497.22 3502.00 3504.10 4009.47 3009.91 Metals & Minerals 3095.41 3089.44 3134.90 3158.36 3201.71 3453.06 2502.63 …
Pulse drilling in South Carolina
A drilling program recently commenced on the Hinson gold project, about three miles southwest of Jefferson, S.C. Pulse Resources (VSE) can earn a 100% interest in the property by making cash payment…
Inco’s Indonesian subsidiary reports lower revenue, profit
P.T. International Nickel Indonesia, the 58% owned subsidiary of Toronto-based Inco (TSE), recently reported a 48% decline in its first-quarter earnings compared with last year’s levels. P.T. Inco., w…
U.S. REPORT Roby Partnership, Santa Fe boost reserves at Marigold
Drilling continues on the Marigold property in Nevada where the owners, the Roby Partnership (70% interest) and Santa Fe Pacific Minerals (30% interest), have identified several zones. In addition to …
Princeton arranges debenture financing
A private placement of $12 million in convertible debentures was recently completed by Princeton Mining (TSE) through Deacon Barclays de Zoete Wedd. The debentures pay 10% and are convertible into com…
U.S. REPORT Amax Gold output down
A drop in production due to adverse climatic conditions at the Sleeper gold mine in Nevada resulted in lower output and earnings for Amax Gold (TSE). The Colorado company reported first quarter net e…
Thai coal mine study scheduled
A $1-million environmental assessment study is to be undertaken in Thailand by Monenco Consultants in connection with the proposed development of a surface coal mine and power plant. The project will …
Unlisted Trading Strike remains active
News of plans for a third drill program at the Robertson Twp. copper-zinc prospect near Matachewan, Ont., kept Strike Minerals active. Trading on a volume of 23,500 shares, the company closed at 35 ce…