Financiers prefer multinational giants
Independent miners, pitted against multinational giants, will have difficulty raising money from financiers, said Bob Parsons, chairman of Toronto-based Price Waterhouse’s mining industry services gro…
News
Dingman tables plans for Soviet operation
Although lacking one essential ingredient — financing — Dingman Industries (ASE) is proceeding with plans to treat arsenic-rich gold concentrates produced in the Soviet Republic of Kazakhstan. Based…
Metal Prices FREE MARKET (November 12, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date October 30 October 29 October 26 October 25 October 24 Copper 1348-1350 1356-1358 14…
Museum mineralogy subject of series
The mineral collection of the Royal Ontario Museum (ROM) will be “on display” in January when the mineralogy department presents its Cocktails with Curators IV. On three Tuesday evenings (Jan. 8, 15 a…
LETTERS TO THE EDITOR Acquiring shares at a discount
Your recent editorial (T.N.M., Oct. 15/90) discusses how investors could acquire shares in junior companies with large cash positions at a discount. As a shareholder in Eurus Resource, I just received…
Alberta Stock Exchange Volumes lacklustre (November 12, 1990)
Trading volumes slumped during the report period ended Nov. 6 as investors stayed clear of the market to await signs of a recovery in the economy. Despite strength in the gold price, a number of junio…
NEWS IN BRIEF Wkay Resources
Wkay Resources Inc. (WKA: VSE) has changed its name to Magnatron International Corp. with no consolidation of capital. The new company has no interest in mining.
U.S. REPORT BMR looking at Nevada producer
An option to purchase all the outstanding shares of Oliver Hills Mining has been acquired by BMR Gold (ASE). Oliver Hills is a privately owned company which owns a gold-silver heap leaching facility n…
Eastmaque sets conversion period allowing 30 days
The board of directors of Eastmaque Gold Mines (TSE) has set the 30-day special conversion period for the company’s convertible preferred shares to begin on Nov. 19. The special conversion allows conv…
Shearson rules out big slump for metals
The continuing Persian Gulf oil crisis may have dimmed prospects for lead and zinc, but a repeat of the 1974-75 and 1979-82 periods, when prices fell sharply and then remained depressed for a number o…
Adrian reports underground work at Eskay Creek
Uderground chip sampling returned high-grade assay results from the 867-crosscut through the 21B deposit on the TOK claim gap portion of the Ski project property owned by Adrian Resources (VSE). The u…
Echo Bay has US$32 m loss despite cost improvements
Echo Bay reported a net loss of US$32 million or 32 cents per share for the nine months ended Sept. 30 compared with earnings of $27.2 million or 28 cents per share in the same period last year. The c…