Montreal Exchange Armeno among active
Trading slowed down during the holiday-shortened week ended May 21, with daily volumes ranging between 3.2 million and four million shares. While the market portfolio managed a gain of less than one p…
News
Smelter problems for Falconbridge
Production problems were recently experienced by Falconbridge at the company’s Sudbury smelter. The nickel producer, owned 50-50 by Noranda Inc. and Trelleborg AB, said the smelter’s number one furn…
PEOPLE TERITON RESOURCES
Jason Troll appointed president and director succeeding Timothy Brock who resigned; Ed Lee has joined the board of directors.
NEWS IN BRIEF Jazzman Resources Inc.
Jazzman Resources Inc. (JZM:VSE) has changed its transfer agent to Pacific Corporate Trust.
NEWS IN BRIEF Blue Gold Resources Ltd.
Blue Gold Resources Ltd. (BLQ:VSE) has changed its transfer agent to Pacific Corporate Trust.
Corona net earnings slip
First-quarter net earnings of Corona (TSE) slipped to $6.2 million this year from the $10.5 million reported in the first three months of 1990. The company said the decrease reflects a decline in oper…
Dickenson production down but earnings slightly better
While gold production at Dickenson Mines’ (TSE) Red Lake, Ont., operation is down slightly from last year’s levels, the company reported a slight increase in first-quarter earnings. Dickenson said ear…
Cleanup costs make past producers unpopular – It’s hard to sell an
It was once the case with dormant mines that any prospects for a re-opening rested with the underground potential. In today’s environmental climate, the focus has shifted to the surface, specifically …
Hemlo Gold charged in spill
A cyanide spill in March, 1990, at the producing Golden Giant gold mine of Hemlo Gold Mines in the Hemlo area of northern Ontario has resulted in the laying of charges by the Ontario and federal gover…
NEWS IN BRIEF Lectus Development Ltd.
Lectus Development Ltd. (LDV:VSE) has changed its name to Swannell Minerals Corp. (SNL:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Royal Trust Co.
Higher revenue for LAC but earnings down a third
Both LAC Minerals (TSE) and subsidiary Bond Gold International reported higher revenues for the first quarter of 1991. While revenues at LAC were US$131.4 million, up from US$111.4 million a year ago,…
Spot prices at a glance (May 27, 1991)
Price (US) Week’s Change Gold* $356.75 — $ 3.50 Silver* $ 4.09 — $ 0.03 Platinum* $392.75 — $ 0.15 Nickel** $ 3.66 — $ 0.13 L…