Alberta Stock Exchange Valdez gains 14 cents
A recent upward trend in the price of gold bullion helped boost the shares of Valdez Gold 14 cents higher to the 44 cents level during the week ended Dec. 24. Valdez, an indirect wholly owned unit of …
News
Indians’ control of land will frustrate development
Is there any future for resource development in Ontario? The federal and Ontario governments, for example, have signed an interim agreement with northern Ontario Indians that gives tangible recognitio…
Toronto Stock Exchange Profit-takers spell end to brief gold price
It is, as they say, the season to be jolly. But as the Christmas festivities moved into full swing during the week ended Dec. 24, mining executives were contemplating what moves to make after the turk…
Moss-Power picks up options on ground in Wisconsin belt
Options on 50,000 acres of ground along the Rhinelander- Ladysmith greenstone belt in Wisconsin will go to Moss-Power Resources (TSE), following an agreement between Moss-Power and Wisconsin Resources…
Commission warns of bogus precious metal, oil and gas ventures
The Saskatchewan Securities Commission is warning the public to be wary of promoters who would capitalize on developments in the Persian Gulf by selling investments in precious metals. Although the re…
Bema completes gold loan
Capital costs for the Buffalo Gulch gold mine in Idaho are being provided to a subsidiary of Bema Gold (TSE) through a gold loan from New York- based Sharps Pixley, a unit of Kleinwort Benson of Londo…
Freewest reserves explanding _ New figure out soon
Partners Noranda (TSE) and Freewest Resources (TSE) are likely to announce a major increase in reserves soon for the Lightning gold zone on their Holloway project near Matheson, Ont. At the beginning …
Merger a possibility for Denison
The list of possible solutions to the financial problems facing Denison Mines (TSE) has been expanded to include a merger with another interested party, newly appointed President Bill James confirmed …
Spot prices at a glance (December 31, 1990)
Week’s Price (US) Change Gold* $376.80 + $4.90 Silver* $ 3.97 — $0.09 Platinum*$416.00 — $7.60 Nickel** $3.76 + $0.09 Lead** $0.28 — $0.02 Copper- $1.12 — $0.01 Zinc– $0.57 — $0.03 Courtesy of S…
Vancouver Stock Exchange Seasonal rally cheers investors
The Vancouver Stock Exchange staged a healthy rally over the period ended Dec. 24, with the Resource Index up over 44 points at 592.42 and the Composite Index up 13.49 at 519.92. Gold also rallied ove…
Madison seeks joint venture for gold mine
Madison Grant Resources says it is negotiataing with several potential joint venture partners interested in the company’s gold-silver mine near Virginia City, Mont. An independent geological report on…
Majors vie for control of Eskay Creek
The Eskay Creek project north of Stewart, B.C., generated plenty of drama and intrigue during 1990 as it moved from an exploration project to a more advanced development stage. The cast of players inv…