Alberta Stock Exhange Borealis gains 45 cents
Shares of Borealis Exploration posted a gain of 45 cents to close at $2.05 on volume of 22,500 during the report period ended May 8. Borealis owns several gold and platinum properties at Fat Lake and …
News
Collapse of Echo Bay deal has Flanagan group scrambling
A cloud has been cast over the Toronto-based Flanagan McAdam group of gold mining companies following the recent collapse of a property-share swap agreement with Echo Bay Mines (TSE). The surprise dec…
Chemicals to cost US$1 billion by 1993
By 1993 almost $1 billion will be spent annually on about 10 billion pounds of chemicals and materials by Canadian and U.S. mining operations. This will be an increase of almost 37% over 1988, and on …
Mercur mine lawsuit postponed until fall
The Mercur mine lawsuit involving American Barrick Resources (TSE) and Utah exploration company Gold Standard (NASDAQ) probably won’t be tried until later this year. Originally scheduled to begin Apri…
Gold funds as of May 1
MVP BGR Central Capital Net value $10.86% %$5.73% $0.37% Price $9.375% %$6.000% $0.22% Discount 13.67% %4.7% 40.5% Value $64,670,865 $100,945,800 N/A…
Diamond mining begins at Glencairn’s Raw Bean Deposit
Initial mining and production plant tune-up are under way at Glencairn Explorations’ (ASE) Raw Bean diamond mine in Bahia, Brazil. Glencairn is testing small batches of low-grade ore at its portable p…
Thunderwood plans bulk sample on Pelletier Lake gold deposit
Favorable winter drill results from the Pelletier Lake gold deposit, two miles south of Rouyn-Noranda, Que., have given operator Thunderwood Resources (TSE) the confidence it needs to plan an undergro…
Hemlo boosts output by 16$% further improvements in store
Despite weaker metal prices, gold production from Hemlo Gold’s (TSE) Golden Giant mine continues to place the company in an enviable financial position. Due to a sharp increase in production, Hemlo Go…
Cominco to continue work on Estella
After identifying high base metal values during soil sampling in 1989, Cominco (TSE) plans further work on the Estella property near Kimberley, B.C., in 1990. The work will include geophysical surveyi…
U.S. Report Half-owner of Stillwater mine, Manville’s earnings dip
Denver-based Manville (NYSE), half-owner of the Stillwater platinum mine in southwestern Montana, took a 9% drop in first- quarter revenue from US$72.1 million in 1989 to US$65.5 million in 1990. The …
COATS (over-the-counter) Windy copper reserves
Estimating preliminary reserves of 30 million tons grading 0.48% copper on its MacLeod Lake property north of Chibougamau, Que., Windy Mountain Explorations’ share price moved up 25 cents before dropp…
Vancouver Stock Exchange Akiko-Lori shares bounce back
With gold and major markets in the doldrums, the Vancouver Stock Exchange was no different as the composite index tracked sideways at the 750-level for the week ended May 1. The index was off marginal…