Aranlee to acquire Australian company
Negotiations are in progress which could see Aranlee Resources (VSE) acquire a 100% interest in an Australian resource company owned by Burmin Exploration and Development. Burmin is an Irish company t…
News
Westmin reviewing viability of Premier
Persistent losses at the Premier Gold gold- silver mine near Stewart, B.C., have 60% owner Westmin Resources (TSE) reviewing the project’s future. The company is reviewing its ore reserves once again,…
Eurus backs out of Trimin bid
Both Eurus Resource (VSE) and Adrian Resources (VSE) have backed out of plans to acquire shares of Trimin Resources (TSE), a Vancouver- based junior which recently sold its stake in the Hanson Lake po…
FUTURES PRICES (December 24, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec 113.10 111.80 111.90 + 2.20 Jan 112.50 111.00 111.20 + 1.70 Feb 111.20 110.40 111.10 + 1.80 SILVER (in US cen…
Barrick, Messeguay sign Launay option
The Quebec subsidiary of American Barrick Resources (TSE) recently signed an agreement allowing it to earn a 75% stake on four of Messeguay Mines’ (ME) Launay-Privat gold claims. Situated 30 miles nor…
U.S. REPORT Amax earnings edge up
A jump in gold production helped Amax Gold (NYSE) report an increase in third- quarter earnings to US$10.6 million from US$10.1 million in the same quarter of 1989. Revenue for the three months ended …
Akiko-Lori in share exchange
Two undisclosed shareholders of Omega Gold (VSE) plan to exchange 331,250 escrow shares and 427,000 common shares of the company for 223,015 shares of Akiko-Lori Gold (VSE). Omega Gold has an extensiv…
Hebert expects buyer to emerge for Audrey
A document containing details of the Mobrun polymetallic mine feasibility study, completed recently by Audrey Resources (TSE) and Minnova (TSE), has been delivered to about 20 companies. Audrey Presid…
Northern Minerals to focus on Gordon Lake gold property
The directors of Northern Minerals (TSE) are recommending that their shareholders accept a recent offer to amalgamate with Capilano International, a private geophysical contractor with annual revenue …
U.S. REPORT Hecla shows substantial improvement
With earnings of US$7.1 million for the first nine months of this year, Hecla Mining (NYSE) is showing an improved performance over the comparable 1989 period when it reported a loss of US$9.2 million…
GOLD FUNDS (December 24, 1990)
MVP BGR Central Capital Net value $9.38 $5.39 $0.26 Price $8.25 $4.850 $0.13 Discount 12.05% 10.0% 50.0% Value $55,826,331 $81,597,855 N/A…
Metal Prices FREE MARKET (December 24, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date December 18 December 17 December 14 December 13 December 12 Copper 1288-1289 1294-12…