Dickenson, Wharf boost production
Net earnings of $2.3 million (13 cents per share) on revenue of $32.7 million were reported by Dickenson Mines (TSE) for the first six months of 1990, compared with net income of $6.6 million (40 cent…
1990
Cambior will fund Lac Knife
A partner has been lined up by Societe d’Exploration Miniere Mazarin (ME) to bring its Lac Knife graphite project near Fermont, Que., into production. Gold producer Cambior (TSE) has agreed to fund th…
Royal Crest loss
Toronto-based Royal Crest Resources (COATS) continues to lose money as it enters the second half of 1990. For the nine months ended May 31, Royal Crest reported a net loss of $4,202 compared with a lo…
Lyon raises financing for Costa Rican bet
A recent issue of $675,000 worth of flow-through financing will allow Lyon Lake Mines (ME) to proceed to the feasibility stage on the Beta Vargas gold deposit in Costa Rica. Lyon Lake can earn a 50% i…
PEOPLE PAMOUR INC.
Robert Needham appointed president and chief executive officer of Pamour Inc., Giant Yellowknife Mines, Pamorex Minerals, Mate Yellowknife Gold Mines, Akaitcho Yellowknife Gold Mines and ERG Resources…
Goldfunds (August 13, 1990)
MVP BGR Central Capital Net value $11.14 $5.74 $0.33 Price $ 9.625 $6.000 $0.19 Discount %13.60% %4.5% 42.4% Value $66,345,177 $100,945,800 N/A…
Menika to test IP anomaly
A diamond drill program is being planned by Menika Mining (VSE) for its recently acquired Kamrose property on the south side of Iron Mask Batholith near Kamloops, B.C. The work program will test a por…
Vancouver Stock Exchange Prime unaffected by Gulf crisis
The down-draft experienced by the Toronto and New York stock exchanges in the wake of rising tensions in the Persian Gulf did not seem to have much of an effect on the Vancouver Stock Exchange. The Co…
NEWS IN BRIEF Pine Point Mines
Common shares for Pine Point Mines Ltd. (PPT:VSE) have been delisted as they no longer meet the VSE’s distribution requirements.005…
PEOPLE CONSOLIDATED TROUT LAKE RESOURCES
Carl von Einsiedel, Sip Liew, Robert Zabba, Eric Proppe and Dwayne Zabba elected to the board of directors. Carl von Einsiedel appointed president, Robert Zabba, chief executive officer, and Eric Prop…
Corona plans diamond spinoff to fund Botswana exploration
Gold producer Corona (TSE) has decided to form a new company, Corona Diamonds International, to finance a major diamond exploration program in Botswana, the world’s third largest producer of the valua…
Uranerz, Jascan prepare to drill Dawson gold bet
Toronto-based Jascan Resources (TSE) says Uranerz U.S.A., a unit of West Germany’s Uranerzbergbau, has elected to proceed with more drilling on Jascan’s Dawson gold property in Colorado. Uranerz origi…