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…
News
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…
Pezim wins stay of trading ban
The British Columbia superintendent of brokers consented to the stay of a one-year trading ban recently imposed on Murray Pezim, John Ivany and Lawrence Page until Jan. 11, 1991. The ban was to begin …
Taseko plans to sue Cominco regarding Fish Lake property
After losing an appeal this summer, Taseko Mines (VSE) is taking another run at Cominco (TSE) in an attempt to regain control of the Fish Lake deposit, 100 miles west of Clinton, B.C. Taseko President…
Montreal Exchange Orex, Minnova dealing
Fresh from settling its legal dispute over the Goldboro gold project in Nova Scotia, Exploration Orex announced it is negotiating with Minnova for exploration and hopefully development of the east-coa…
Horsham files notice to buy voting shares
Toronto-based Horsham (TSE) recently filed a normal course issuer bid with the Toronto and Montreal stock exchanges allowing it to purchase up to five million of the company’s subordinate voting share…
High Frontier moves into Bralorne camp
Early next year, High Frontier Resources (VSE) expects to begin exploring a 2,471-acre property held by Goldpac Investments (VSE) near the historic Bralorne gold mine in southern British Columbia. Hig…