GOLD FUNDS (April 29, 1991)
Gold funds as of Apr. 23 BGR Central Net Value $9.22 $5.14 Price $7.63 $4.650 Discount 17.25% 9.5% Value $54,887,148 $78,232,995…
News
LETTERS TO THE EDITOR Production dates get pushed back
In the 1986 annual report of Madeleine Mines the company states that “in the event that no merger is consummated, Madeleine has the option to bring the Lac des Iles property (a platinum group metals p…
TORONTO STOCK EXCHANGE INDICES (April 29, 1991)
Apr. 23 Apr. 22 Apr. 19 Apr. 18 Apr. 17 HIGH LOW Composite”300″ 3502.39 3419.57 3495.97 3533.93 3545.93 4009.47 3009.91 Metals & Minerals3198.44 3173.35 3168.52 3227.79 3211.26 3453.06 2502.63 Integra…
Alberta Stock Exchange Jerome doubles
Speculation of a successful merger between Jerome Gold Mines and privately owned International Platinum has driven the share price of Jerome to 11 cents, up 6 cents from last week’s close on a volume …
Welcome North, Placer deal extends Kona exploration
A formal agreement between Welcome North Resources (VSE) and Placer Dome (TSE) provides for further exploration of the Kona massive sulphide property north of Watson Lake, Y.T. Welcome North farmed ou…
Noranda buys more Freewest
Noranda Minerals, a division of Noranda (TSE), has acquired an additional 364,745 common shares (3.9%) of Freewest Resources (TSE). Purchased at $4 each as part of a financing agreement between the tw…
View from the West Stewart and neighbor exhibit true ‘free trade’
Recently, I attended a mineral industry conference and exhibition in Stewart, B.C., a small coastal town of about 1,500, with a strong mining heritage that dates back to the beginning of the 20th cent…
Cache encouraged at Courville bet
Recently announced results of a drilling program on zone A of the Courville project near Val d’Or, Que., confirm the project’s potential, Cache Explorations (ME) said. Cache optioned the property to e…
Hillsborough sees ’91 earnings from Mt. Hundere mine
If zinc prices remain at the US60 cents level, the Mt. Hundere zinc-project should generate 25-30 cents per share of net earnings for Hillsborough Resources (TSE) in 1991, says President George Vooro….
AMMO history
The Association of Mining Municipalities of Ontario is planning to publish a commemorative history in celebration of its 50th anniversary. Using a government grant of $5,835, the association hopes to …
Spot prices at a glance (April 29, 1991)
Week’s Price (US) Change Gold* $355.90 — $ 5.10 Silver* $ 3.94 + $ 0.013 Platinum* $393.45 — $ 7.30 Nickel** $ 4.07 — $ 0.00 Lead** $ 0.28 + $ 0.02 Copper{ $ 1.12 + $ 0.00 Zinc{{ $ 0.56 + $ 0.09 Co…
U.S. REPORT Digger in US joint venture
Subject to completion of a formal agreement and regulatory approval, Digger Resources (VSE) plans to earn a 50% interest in six precious metal properties held by a unit of Cominco (TSE) in the western…