Invesfor ups stake in Audrey to 6.5%
In the hope that Audrey Resources (TSE) will eventually be the object of a takeover bid, Montreal investment firm Invesfor has increased its interest in the Rouyn- Noranda polymetallic miner to 6.5%. …
News
Ramrod drilling
The first hole of a 15-hole drill program on Consolidated Ramrod Gold’s (VSE) Mina Marta concession in Spain has intersected a 75-ft.-wide zone of gold-bearing quartz veins. The highest values reporte…
News In Brief Uranium price slips
U.S. uranium exchange company Nuexco reports that the exchange value of uranium (U/c3h/O/c8h/) fell in October to its lowest level ever in constant 1990 dollars, slipping US$1.75 to US$8.35 per lb. Th…
Brunswick extends new sulphide zone
Recent drilling on a sulphide lens discovered last year at the north end of Brunswick Mining and Smelting’s (TSE) No. 12 mine near Bathurst, N.B., has extended the zone along strike and at depth. Most…
Greyhound option
An option to earn a 65% interest in the Lynx gold property in northern Saskatchewan’s La Ronge greenstone belt has been acquired by Vancouver-based Greyhound Communications (VSE). The company, which p…
Inco sees 10% cost increase – Nickel grades declining
Nickel producer Inco (TSE) will likely face a 10% increase in production costs next year as grades at the company’s Canadian mines bottom out, Chairman Donald Phillips told a group of analysts at a re…
Court dismisses McKenzie-Tagish claim to Eskay
The Supreme Court of British Columbia dismissed a motion by Tagish Resources (VSE) and Ken McKenzie to quash an Inspection Report prepared by the Ministry of Energy, Mines and Petroleum Resources whic…
GOLDFUNDS (November 26, 1990)
MVP BGR Central Capital Net value $9.38 $5.39 $0.26 Price $8.25 $4.850 $0.13 Discount 12.05% 10.0% 50.0% Value $55,826,331 $81,597,855 N/A…
Steven Roman Canada’s uranium king
The Roman Empire is the story of the greed, ruthlessness, sweetheart business deals and monumental ego of a man who made a fortune at the expense of others, says author Paul McKay. This book is his sc…
Lower output, grade hit Sonora earnings
Lower production and higher costs relating to Sonora Gold’s (TSE) 70% owned Jamestown mine in California have forced the company to consider a financial restructuring. A 42% owned affiliate of Northga…
Lencourt fails to buy Zairean mining outfit
Toronto-based Lencourt (TSE) has failed to raise the $5 million needed to purchase a 72% stake in Zairean mining company Sominki and its Belgian subsidiary Cogemin S.A. Lencourt said due diligence stu…
INSIDER TRADING Cottrell profits by Gldn. Knight option
Golden Knight Resources’ (TSE) director Raymond Cottrell recently earned a substantial profit after exercising an option to purchase 5,000 shares for $8.75 each. According to the Ontario Securities Co…