Prospectors active in southern British Columbia are reporting a flurry of staking activity in the Okanagan district, a region considered prospective to host skarn-type or epithermal vein-type precious…
The Oracle Ridge project 70% owned by South Atlantic Ventures (VSE) is up and running. Production was planned for the third quarter of 1990, but startup was delayed by continued difficulties with inst…
Union employees at the Cassiar mine in northern British Columbia rejected a new collective agreement offered by a unit of Princeton Mining (TSE) and stopped work on the evening of March 1. .TThe propo…
Despite an 11% increase in gold and gold equivalent production, Corona (TSE) reported slightly lower earnings in 1990 over those reported in 1989. The company’s 1990 net earnings reached $9.2 million,…
Options Open Series Volume Last Interest Aug. 380 C 2 10.50 78 Aug. 400 C 40 6.00 93 Aug. 440 C 25 1.60 70 The New York closing gold price was $364.50 per oz. Last quotations for gold options traded i…
BGR Central Net Value $ 9.20 $ 5.15 Price $ 8.00 $ 4.650 Discount 13.04% 9.7% Value $54,763,943 $78,232,995…
Discussions between Placer Dome (TSE) and Corona (TSE) broke down after the two companies were unable to settle undisclosed issues relating to future development of the Eskay Creek project north of St…
Following a compilation of past drilling and underground development work on the Ester Dome joint venture, 20% owner Silverado Mines (VSE) estimates preliminary reserves on the O’Dea vein stand at abo…
Well-known and respected geologist Dr. D.H. “Digger” Gorman will give the concluding paper in a series of five talks on prospecting and mining organized by the Prospectors and Developers Association o…
Semi-monthly reports as of Feb 28, showed 25,585,763 shares of 593 issues compared with 26,111,256 shares of 611 issues on Feb 15. Larger individual positions included: Amer.Barrick 204,252, up 32,324…
Continued difficulties with production at its low-grade mine in Newfoundland, coupled with relatively weak gold prices, kept {Hope Brook Gold Mines{ (TSE) in the red during 1990. The company reported …
Estimations of probable and possible reserves at the Moss Lake property, west of Thunder Bay, Ont., stand at 82.2 million tons grading 0.031 oz. per ton. A previous story (T.N.M., Mar. 11/91) containe…
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