U.S. REPORT Vinta acquires Alaskan claims
Along with details of management changes, Vinta Explorations (VSE) recently announced plans to explore a newly acquired 124,520-acre land package in Alaska. The junior company said US$12 million was s…
News
EDITORIAL PAGE Earnings show cost of high rate
If there were any doubts about the effect of current monetary policy on Canada’s mining industry, second-quarter results should put an end to them. High interest rates and the resulting strong dollar …
Preservationists’ report has little to say on multiple use
Recently, I came into possession of a typed copy of a tape taken of the World Wildlife Fund Canada, “Report of the Anglo- North American mapping group, Honolulu, Hawaii, June 23, 1990.” The area of co…
FINANCING (August 27, 1990)
Coronet Metals Inc — 700,000 offered @ 50 cents per sh. Avondale Resources Inc — 2,000,000 offered @ $1.22 per unit.
News In Brief (August 27, 1990)
Starlight Energy Corp. (SEY: VSE) has changed its name to Hansa International Resources Ltd. (HAN:VSE) on a 1-new-for- 3.5-old-share basis. Transfer agent is Central Guaranty Trust.
METAL PRICES FUTURES PRICES (August 27, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 132.50 131.70 132.05 — 1.95 Sept 132.50 130.50 131.75 — 1.10 Oct 129.00 129.00 129.80 — 0.05 SILVER (in US…
Sixth year of profits for Imperial
With earnings of $1.77 million or 8.7 cents per share, Imperial Metals (TSE) is reporting its sixth consecutive year of profitable operations. The results were about half the $3.18 million or 19 cents…
Minorca encounters more high grade gold
Val d’Or, Que., company Minorca Resources (VSE) is considering a 10,000-ft. drill program for its Santa Anna property near La Sarre, Que., after encountering more high-grade gold values within the No….
U.S. REPORT Formation acquires Oregon property
Exploration work by Formation Capital (VSE) on recently acquired ground in eastern Oregon has the company optimistic the property has potential for a bulk tonnage, precious metal deposit that may be a…
U.S.REPORT Coeur d’Alene earnings slide
A decline in silver prices and lower gold and silver production reduced the net earnings of Coeur d’Alene Mines (NASDAQ) during its latest quarter ended June 30. The Idaho-based company reported net i…
U.S. REPORT LAC, Norgold form joint venture on Nevada properties
Vancouver-based Norgold Resources (VSE) and a U.S. subsidiary of Toronto-based LAC Minerals (TSE) have formed an exploration joint venture on two gold properties near the Rosebud discovery in Nevada. …
Highgrading, Part 1 (First of a 4-part series) Cobalt shop owner
From the far reaches of Alaska and the Yukon to the near- Antarctic lands of South Africa, gold has drawn fortune-seekers like honey bees to pollen. A good many of the adventurists took advantage of p…