U.S. News in Brief (April 16, 1990)
Coeur d’Alene Mines has declared a 15 cents dividend payable April 20 to shareholders of record April 13. The company has also filed an application to list the common stock on the New York Stock Excha…
1990
Letters to the editor Antimony: the deadly metal
I came across a short notice in your paper stating “Arsenic metal soars” (T.N.M., Feb. 5/90). The last sentence reads: “The main use for arsenic metal is as an alloy with lead to make shot for bullets…
Esperanza changes name
As the result of a name change and a share consolidation, Esperanza Explorations has become Columbia Gold Mines (VSE). With a share consolidation of one new for three old, the company has about 4.4 mi…
PRODUCER PRICES (April 16, 1990)
ALUMINUM: MW U.S. Market US68.50- 70.50 cents per lb. (Mar. 8, 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). CAD…
Toronto Stock Exchange Indices (April 16, 1990)
Apr. 10 Apr. 9 Apr. 6 Apr. 5 Apr. 4 HIGH LOW Composite “300” 3594.89 3613.60 3632.32 3630.63 3634.95 4009.47 3594.89 Metals & Minerals 3114.22 3113.62 3133.89 3154.83 3157.06 3453.05 2921.03 Integrate…
Waddy Lake property purchase agreement rejected by TSE
An offer made by Golden Rule Resources(TSE) and Goldsil Resources (TSE) to sell their 45% interest in the Oven Lake joint venture in the La Ronge area of Saskatchewan has been rejected by the TSE. The…
News in Brief (April 16, 1990)
Yellow Band Resources (VSE) has changed its transfer agent to Montreal Trust Co.
London Metal Exchange (April 16, 1990)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr. 10 Apr. 9 Apr. 6 Apr. 5 Apr. 4 Copper 1618-1620 1626-1628 1650-1652 1642-1644 1644-1646 Lead 530-533 …
Japanese eye Brazil
Reports that a major Japanese mining group is planning to buy all of Brazil’s foreign debt — about $115 billion — in exchange for exclusive gold mining rights to the Amazon have been greatly exagger…
Hixon intersects minor copper-zinc values
A minor copper-zinc target has been identified by Hixon Gold Resources (VSE) on one of two properties in Louvicourt and Isle Dieu twps., Que. Hixon and its joint venture partners, Globex Mining Enterp…
FINANCING (April 16, 1990)
A-X Metals — 900,000 offered @ 55 cents per sh. Sarabat Gold — min 500,000 offered @ 50 cents per sh. Covenant Res — min 500,000 offered @ 45 cents per sh. Trades reported by QSC…
Bacterial oxidation process produces gold for U.S. Gold
It has taken more than two years and US$31 million, but Denver-based U.S. Gold (NASDAQ) recently poured the first gold produced from a new bacterial oxidation process developed at its Tonkin Springs g…