News

Minority ownerships in six juniors have been acquired by Perpetual Growth Fund — VII, which recently took over the assets of the NIM 1989 partnership fund. Perpetual says it holds more than 10% of th…

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…

With a broader platform of gold projects and mines to build upon, LAC Minerals (TSE) is set to launch a major exploration effort this year designed to bolster its ore reserves for the future. Last yea…

The Environmental Protection Agency (EPA) has given the go- ahead for production at Goldstake Exploration’s Whitewood Creek tailings project in South Dakota. “Mining would be allowed subject to the re…

Taking another giant leap, shares of Lithium closed at 90 cents on a volume of 862,400 for the week ended April 17, up 33 cents from last week’s close. Lithium is earning a 50% interest in the Oxford …

Junior mining is the industry nobody seems to want. Regulators are escalating efforts to push junior companies to the periphery of the mining game, governments are squeezing the industry by taxing any…

Corona (TSE) Chairman Ned Goodman looks set to profit from a recent transaction that increased his stake in the Toronto-based gold producer at a considerable discount to the market price. Last month, …

Toronto-based International Platinum (TSE) has arranged a $500,000 convertible debenture financing with a European financial institution. The funds will be used for general corporate purposes and to f…

I am referring to two recent editions of The Northern Miner (April 2/90, April 9/90). As a shareholder of Belmoral Mines Ltd., I take a dim view of The Northern Miner’s choice of words and statements …

Inco (TSE) shareholders have rejected a proposal to establish confidential voting procedures at company meetings. The proposal, presented by investment adviser Allenvest Group at Inco’s annual meeting…

The Ashdown property in northern Nevada, where proven and probable reserves stand at 1.12 million tons averaging 0.09 oz. gold per ton, has been optioned by Win- Eldrich Mines (TSE) to Billiton Minera…

Westfield Minerals, (TSE) the company that angered shareholders by dealing its stake in a Chilean gold mine to Northgate Exploration (TSE), managed to report a profit last year. Westfield’s net income…