Mill problems at Golden Bear
Gold production at the Golden Bear mine near Dease Lake, B.C., will be reduced by about 50% for the next 5-6 weeks while operator North American Metals (VSE) corrects the failure of a key component in…
News
Seabrex shifts focus away from Nova Scotia’s Meguma
For several years, Seabright Explorations (TSE) has been trying to make a gold mine out of its Moose River property in Nova Scotia’s Meguma group sediments. But the company recently announced plans to…
U.S.REPORT Crown second quarter
For the 1990 second quarter ended June 30, Crown Resources (VSE) reported a net loss of US$0.8 million, or 7 cents per share. Net income for the first half totalled US$2.2 million or 18 cents per shar…
Deak Res. obtains financing from Ontario’s heritage fund
The Northern Ontario Heritage Fund has approved a request by Deak Resources (TSE) for support by way of a loan facility for the company’s mining and milling operations at Virginiatown, Ont. Deak Presi…
11 Toronto Stock Exchange Indices
Aug. 21 Aug. 20 Aug. 17 Aug. 16 Aug. 15 HIGH LOW Composite “300” 3457.65 3487.69 3491.90 3509.99 3508.08 4009.47 3334.13 Metals & Minerals 3064.07 3129.37 3147.33 3168.33 3197.88 3453.06 2850.84 Integ…
Metal prices, dollar affect Audrey results
Weak precious metal prices and a strong Canadian dollar were two factors that forced Audrey Resources (TSE) to break out the red ink when reporting its first-half financial results. The Rouyn-Noranda,…
Early Lynne relults confirmed by Noranda
There is little doubt that Noranda Exploration has touched on something big at the Lynne project in Wisconsin. As the results from some of the most recent holes confirm, Noranda’s zinc discovery is no…
Nickel prices slash profits at P.T. Inco
Following in the footsteps of its parent company, P.T. International Nickel Indonesia suffered a 53% drop in earnings in the first half of 1990. Lower realized nickel prices continued to drain the com…
Brosnor meeting
Shareholders of Brosnor Exploration (ME) will vote on a proposed corporate consolidation at a Sept. 29 meeting. Proposed is a consolidation based on seven old shares for one new share. Also proposed i…
Hillsborough reports higher net income
Earnings are up for Hillsborough Resources (TSE). In the first six months of 1990, Hillsborough reported a net income of $997,711 (20 cents per share), compared with $581,000 (12 cents per share) for …
7 COATS (Over-the-counter) arker-Holloway results
Some of the best results from the Noranda-Freewest property in Harker and Holloway twps., Ont., came in this week, including a 64-ft. section grading 0.43 oz. gold per ton. The downdip and western ext…
Fortune begins work on Newfoundland bet
Using a public financing completed in July, Fortune Bay Resources (VSE) will begin trenching and drilling on its Isle Aux Mort gold property this month. Fortune will be investigating a sheeted quartz …