Alberta Stock Exchange Ontex up 20 cents
Shares of Ontex Resources rose 20 cents to $1.85 during the week ended Aug. 28 as investors begin to speculate on the outcome of a trial involving the company and TSE- listed Metalore Resources. Share…
News
U.S. REPORT New World drilling total mounts for Noranda and Crown
Total exploration drilling has reached more than 46,300 ft. in 131 holes at the New World property in Montana, project manager Noranda Exploration, a unit of Noranda (TSE), and partner Crown Butte Res…
Ronrico secures $2.5 million to bring Simkar into production
The Royal Bank of Canada has agreed to provide debt financing to help bring the Simkar gold project, 10 miles east of Val d’Or, Que., into production. The Simkar property, with proven and probable res…
U.S. REPORT FMC income drops
Net income reported by FMC Gold (NYSE) for the three months ended June 30 was US$9.9 million versus US$13.8 million in 1989. The company attributed the drop in earnings to lower gold prices and high u…
U.S. REPORT Piedmont sets records
Records for both production and earnings were set by Piedmont Mining (NASDAQ) for the first half of 1990. Net income for the six months ended June 30 was US$642,000, or US$0.04 per share on revenue of…
Metall sees lower earnings despite production increase
Despite a 7% production increase at its Copper Range copper mine in Michigan, Metall Mining (TSE) has been hit financially by some of the same factors that affected earnings reported recently by its V…
NDU and Billiton intersect more high grade at Blende
Drilling on the Blende property in the central Yukon continues to return good lead-zinc-silver values over wide widths. The property is a joint venture between NDU Resources (VSE) and Billiton Metals …
Kalrock, Flint Rock in amalgamation
Shareholders of both Kalrock Developments (ASE) and Flint Rock Mines (VSE) recently approved an amalgamation of the two companies. Name of the new corporation is Kalrock Resources. Flint Rock’s share …
Corona options large area near Matagami
To get its foot in the door in northwestern Quebec, Corona (TSE) has agreed to option three blocks of claims northeast of Matagami. The claim blocks, on the east side of Lozeau Twp., cover 6,640 acres…
GOLDFUNDS2 (August 27, 1990)
MVP BGR Central Capital Net value $11.48 $5.97 $0.32 Price $9.625 $6.250 $0.22 Discount 16.16% 4.7% 31.3% Value $68,325,220 $105,151,875 N/A…
PEOPLE (August 27, 1990)
DICKENSON MINES Rolando Francisco appointed senior vice- president and chief financial officer.
Avondale discovery at Forrest Kerr
A large gold- silver-copper mineralized system and several new gold showings were recently discovered by Avondale Resources (VSE) on its Forrest Kerr project north of Stewart, B.C. The discovery of th…