Freewest gold discovery ignites a staking rush
A new gold discovery by Freewest Resources (TSE) on its 100% owned Benoit Twp. property in northern Quebec has buoyed the company’s stock and touched off a staking rush. Shares of Freewest rose to a h…
News
Barrick boosts earnings, gold production in 1990
The average gold price may have fallen last year by 12% from 1988 levels, but Torontobased producer American Barrick Resources (TSE) just keeps on churning out record profits. Thanks largely to the co…
Massive sulphide target drilled on Rock & Roll
Partners Eurus Resource (VSE) and Thios Resources (VSE) have started a $1.5-million program to further evaluate polymetallic volcanogenic massive sulphide mineralization discovered on the Rock& Roll p…
U.S. REPORT Bema proposes takeover of Norgold
A takeover of Norgold Resources (VSE) has been proposed by Bema Gold Mines (TSE) on the basis of one Bema share for 2.5 shares of Norgold. Certain insiders at Norgold have entered a lockup agreement w…
Committee focuses on impact to mining industry in Yukon
A group of people representing miners, environmentalists, native people and the government have a tall order in the Yukon: they must reach a consensus. Members of the Yukon Mining Advisory Committee a…
Three drills at Lightning
Diamond drilling continues with three machines in an on going exploration program to build reserves on the Lightning gold zone of Noranda (TSE), Freewest Resources (TSE) and Teddy Bear Valley Mines (C…
Fuels help boost mineral output to $41 billion
The total value of output from Canada’s mineral industry rose an estimated 5.2% last year to $41.3 billion, thanks largely to higher prices for petroleum products. The estimate, released by the federa…
METAL PRICES PRODUCER PRICES (February 11, 1991)
ALUMINUM: MW U.S. Market US66.50-68.50 cents per lb. (Jan. 31, 1991). ANTIMONY: New York dealer US80-83 cents per lb. (Jan. 31, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CA…
GOLD FUNDS (February 11, 1991)
BGR Central Net value $8.80 $5.12 Price $7.38 $4.700 Discount 16.14% 8.2% Value $52,417,933 $79,074,210…
Intl. Mahogany after Cons. Carina
Vancouver based International Mahogany (TSE) has acquired 290,000 shares of Consolidated Carina Resources (VSE) at a purchase price of 58 cents per share. The acquisition brings Mahogany’s stake in Ca…
PEOPLE REYNOLDS METALS
Gerald Greenwald elected to the board.
Mining firms seen growing into integrated producer/processor
You are entering an industry notable for the challenges that face it. You know that we have to produce commodities for sale on international commodity markets at price levels that largely reflect the …