Uranium, Rio in discussions
Uranium oxide producer Uranium Resources (TSE) reported meeting with representatives of Rio Algom (TSE) and its affiliates to explore the feasibility of Rio making a proposal to acquire Uranium Resour…
News
View from the West Multiple use requires clear leadership
About 6% of British Columbia is currently set aside as park land. The proposals made last year by the British Columbia provincial government regarding potential parks and wilderness areas go a long wa…
Toronto Stock Exchange Barrick, Newmont talks spark Franco-Nevada
Talk of a possible merger involving Newmont Mining and American Barrick Resources provided a much needed shot in the arm to a long suffering gold sector during the week ended May 28. Accompanied by a …
PEOPLE CANDORADO MINES
Tony Erlank appointed director.
Hycroft results pushed into red
A charge of $1.1 million from the realization of a foreign exchange loss pushed Hycroft Resources & Development (TSE) into the red. The exchange loss was the result of a sale of U.S. dollar denominate…
METAL PRICES PRODUCER PRICES (June 03, 1991)
ALUMINUM: MW U.S. Market US59-61 cents per lb. (May 16, 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). CADMIU…
Pegasus’ earnings hurt by shutdown at two gold mines
A drop in gold sales and lower metal prices brought reduced first-quarter earnings for Pegasus Gold (TSE) this year over last. Pegasus reported earnings of US$378,000 for the 1991 first quarter on rev…
PEOPLE JACQUELINE GOLD
Milton Zink appointed director and president succeeding Richard Pearson; Frank Varseveld appointed director and executive vice-president.
Major General backs Rendell-Jackman
Shareholders attending the recent annual meeting of Major General Resources (VSE) were told that the company is involved in early stage discussions with Noranda (TSE) relating to the Rendell-Jackman j…
Silverside set to change name
Shareholders of Silverside Resources (TSE) voted recently in Toronto at the annual meeting in favor of a share consolidation and a name change. The company, which currently has about 10.9 million com…
FINANCING (June 03, 1991)
Jordex Resources Inc. — 400,000 shs offered @ $2.03 cents per sh. Allan Resources Inc. — 1,000,000 shs offered @ 35 cents per sh. Idaho Cons. Metals Corp. — 750,000 units consisting of 1 sh and 1 …
Tenajon, Royal Scot in merger talks
Associated companies Tenajon Resources (VSE) and Royal Scot Resources (VSE) recently agreed to start negotiations aimed at merging the two companies. Both companies have gold properties near Stewart,…