Pelangio claims
Nineteen claims adjacent to the Detour Lake mine of Placer Dome Inc. in northeastern Ontario were recently acquired by Pelangio- Larder Mines (COATS). President Maurice Hibbard said previous drilling …
News
PRODUCER PRICES (April 30, 1990)
ALUMINUM: MW U.S. Market US70.75- 71.75 cents per lb. (Apr. 11, 1990). ANTIMONY: New York dealer US84-86 cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CA…
Cons. TVX reports reduced earnings
Consolidated TVX Mining (TSE) reported reduced annual earnings for 1989 of $6.3 million or 15 cents per share, compared with $13.3 million or 44 cents per share in 1988. TVX said the decrease in earni…
Claim sales net B.C. more than $280,00
Three mineral claim sales held in Nelson, Smithers and Vancouver netted the British Columbia government more than $280,000. Mines Minister Jack Davis said the mineral claims up for sale had reverted o…
Major General pays $12 million for Umex package
In return for 32 Canadian properties and associated assets, Major General Resources (VSE) will pay over $11.7 million to Umex, a unit of Union Miniere of Belgium, but only $250,000 will be in cash. Of…
Barrick gold output at quarterly record
Record gold production, earnings and cash flow were reported by American Barrick Resources (TSE) for the first quarter of 1990. Net income increased to US$13.1 million (10 cents per share) on a fully …
Hardrock, Geraldton, Ferau joint ventures
Three separate joint venture agreements have been completed by Hardrock Extension (TSE), Geraldton Longlac Gold (COATS) and Ferau Resources (COATS). In the first agreement, Hardrock’s 17.5% interest i…
U.S. Report Struggling Bunker Hill reports loss for 1989
Despite strong base metal prices, Bunker Hill Mining (TSE) continues to struggle with losses at its lead-zinc-silver mine near Kellogg, Idaho. The company reported a 1989 loss of US$906,743 on revenue…
Ojibway staking
Ressources Ojibway (ME) reports the staking of 17 claims in Leonard Twp. in the Timiskaming area of northeastern Ontario. Mineralization containing silver, cobalt and nickel has in the past been ident…
IOCC GOLD OPTIONS (April 23, 1990)
Total volume for the week was 1,015 contracts; total open interest at the close was 30,559 contracts.
Gold funds as of Apr. 17
MVP BGR Central Capital Net value $11.59% %$5.87% $0.39% Price $10.50% %$5.875% $0.23% Discount 9.40% %0.1% 41.0% Value $69,013,966 $98,842,763 N/A…
Correction (April 23, 1990)
A preliminary reserve estimate of 800,000 tons grading 0.177 oz. gold (uncut) and 12.63 oz. silver is reported by Biron Bay Resources (ASE) for the company’s Summit gold project in New Mexico. Incorre…