Noramco juniors plan amalgamation
Three Vancouver-based juniors, Durham Resources (VSE), Edge Resources (VSE) and Golden Day Mining Exploration plan to amalgamate, subject to shareholder and regulatory approval. If acceptable to regul…
News
Positive feasibility for Verde prompts Bema to seek financing
With a final feasibility study on the Verde deposit now complete, Bema Gold (TSE) is concentrating on obtaining financing for the Chilean gold project. The estimated capital cost for the open pit, hea…
Toronto Stock Exchange Placer, Arimetco active as gold takes a dive
Profit takers sent share prices downward for much of the period ended April 23. Today, April 24, however, Toronto’s composite 300 index closed up 1.71 points at 3541.1 as 21.5 million shares worth $24…
NEWS IN BRIEF Liberian Iron Ore
Shareholders of Liberian Iron Ore (TSE) approved the reduction of the company’s stated capital by almost US$21.5 million and directed the distribution of US$5.43 per share to shareholders of record Ma…
PEOPLE PROFCO RESOURCES — Anna Nyarady appointed president
American Barrick Resources President Robert Smith was named chairman of the Gold Institute for 1991 at the association’s recent annual meeting in Amelia Island Plantation in Florida. Smith succeeds Fr…
Redfern moves on Tulsequah
An exclusive option has been granted to Redfern Resources (TSE) to acquire the 60% interest of Cominco (TSE) in the Tulsequah Chief massive sulphide project in northwestern British Columbia. Redfern, …
Vancouver Stock Exchange Trading reflects field-work lull
With winter exploration programs finished, and summer programs not yet under way, trading activity on the VSE can only be described as flat in this “in-between season.” May is also expected to be fair…
PRODUCER PRICES (April 29, 1991)
ALUMINUM: MW U.S. Market US64.25-66.00 cents per lb. (Apr. 11, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CA…
NEWS IN BRIEF MPH Consulting merges
MPH Consulting and William Hill Mining Consultants recently merged into a single independent team of mining and exploration consultants under the name MPH Consulting Ltd. The company is based in Toron…
NEWS IN BRIEF Cutty Resources Inc.
Cutty Resources Inc. (CUY:VSE) has changed its name to Hatco Capital Inc. with no consolidation of capital. The transfer agent is Central Guaranty Trust.
Denison Mines has profit
Toronto-based Denison Mines (TSE) has reported a profit of $2.9 million on revenues of $67.8 million for the three months ended March 31, compared to a loss from continuing operations of $1.8 million …
Greenstone reveals Panama assays
Toronto-based Greenstone Resources (TSE) and partner Boliden International Mining of Sweden continue to obtain encouraging results while drilling their Santa Rosa gold property in Panama. Greenstone s…