News


PRODUCER PRICES (September 10, 1990)

ALUMINUM: MW U.S. Market US81.00- 83.00 cents per lb. (Aug. 30, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$2.95-3.00 per lb. (Aug. 30, 1990). C…



Dredging problems hamper Osborne bet

Bermuda-based gold producer Osborne and Chappel Goldfields (TSE) has earned a small profit from its 50% owned Los Lilenes bucket- dredging project in Ecuador. Osborne and Chappel reported a profit of …




Cheni cuts down Lawyers’ reserves

This summer’s exploration program on the Lawyers property, owned by Cheni Gold Mines (TSE), has proved disappointing for the junior gold producer. The 100% owned Lawyers Mine is in the Toodoggone regi…


Timmins Nickel hits on Langmuir property

Recent drilling by Timmins Nickel (TSE) on the Langmuir No. 1 deposit, four miles east of the company’s Redstone mine, has intersected 3.44% nickel over a true width of 40 ft. The intersection came fr…


Hemlo offers $9 million for Magnacon mill

Cash-rich Hemlo Gold Mines (TSE) has dug into its deep pocket with a $9-million offer to Flanagan McAdam Resources (TSE) and Muscocho Explorations (TSE) for their interests in the mill and surface fac…



Granges reports loss of $972,000

For the three months ended June 30, Granges (TSE) reported a loss of $972,000 versus a loss of $1.07 million in the second quarter, 1989. The company reported that earnings from mining operations for …


U.S.REPORT NEWS IN BRIEF

.U.S. Grant Gold Mining Co. Ltd. (USG:VSE) has changed its name to Atrium Resources Ltd. (ATM:VSE) on a 1-new-for-7-old- share basis. Transfer agent is Central Guaranty Trust.


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