Third quarter up for Imperial
Net income of $238,000 was reported by Imperial Metals (TSE) for the quarter ended Dec. 31. The results compare with earnings of $13,000 for the corresponding quarter in 1989. Earnings for the 9-month…
News
U.S.REPORT Bitech plans heap leach production
Toronto-based Bitech (ASE) has signed a letter of intent to purchase a 50% interest in Red Rock Mining, a private American company, for $800,000. Red Rock owns or has interests in 11,016 acres of heap…
NEWS IN BRIEF Riviera Explorations Ltd.
Riviera Explorations Ltd. (RE:VSE) has changed its transfer agent to Pacific Corporate Trust Co.
Gold Commissioner cancels Eurus claims
The British Columbia Chief Gold Commissioner recently ordered the cancellation of the Alpha, Beta, Rho, Gamma, Epsilon and Omega claims held by Eurus Resource (VSE) in the Eskay Creek camp north of St…
Forbex accused of claim jumping
Rouyn-Noranda-based Forbex Resources (ME) has filed a notice of staking with the Ministry of Energy and Mines of Quebec concerning 54 claims it staked in Benoit Twp., Que., where Freewest Resources (T…
Alberta Stock Exchange Bitech doubles
After a long period of dormancy at the 5 cents level, shares of Bitech perked up 6 cents to close at 11 cents on volume of more than 2.5 million shares in the week ended Mar. 12. Bitech’s subsidiary, …
Noranda options Kingswood claims
A 133-claim base metal property owned by Kingswood Resources (ASE) in the southern half of La Gauchetierre Twp., Que., has been optioned by Noranda Exploration, a unit of Noranda (TSE). The claims are…
Sheridan hires Greenspan for Madeleine case
Edward Greenspan, the Toronto criminal lawyer hired to represent Madeleine Mines (TSE) and company President Patrick Sheridan, says they will enter a plea of not guilty to charges that they violated O…
White mine’s value cut by 66%
The estimated recoverable value of Dickenson Mines’ (TSE) Arthur White gold mine at Red Lake, Ont., has been reduced to $22.7 million, a $45-million writedown of its undepreciated carrying value. Whil…
FUTURES PRICES (March 18, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG)(in US cents per lb.) Mar 110.60 110.00 111.10 -0.70 Apr 109.60 109.20 109.25 -1.40 May 108.70 107.60 108.25 -1.50 SILVER (in US cents p…
Queenston financed for Robertson plan
Toronto-based Queenston Mining (TSE) recently completed an offering in Europe consisting of 500,000 shares at $1.15 each. Deacon Barclays de Zoete Wedd Ltd. acted as Queenston’s agent in arranging the…
Highwood acquires property interest
Toronto-based Highwood Resources (TSE) is acquiring from Nanisivik Mines the right to earn a 25% interest in a copper exploration project in the High Arctic. The project is on Victoria Island and is b…