Corona wins board control at stikine Res.
Minority shareholders in Stikine Resources (TSE), including Euro- Nevada Mining (TSE), provided the votes needed to place Corona (TSE) at the helm of Stikine management during a recent annual meeting….
News
Lower profits for B.C. mining industry
British Columbia’s mining industry recorded an all-time high of nearly $4 billion in gross sales in 1989, but an independent survey by Price Waterhouse also shows that the industry suffered a dramatic…
U.S. REPORT Aspen option deal
Denver-based Aspen Exploration (NASDAQ) and Great Basin Exploration of Reno, Nev., have signed an agreement to continue exploration work on the Nome gold joint venture near Nome, Alaska. Aspen is oper…
PEOPLE WHITE PLAINS RESOURCES
Ray Boonzaayer appointed corporate secretary succeeding Gill Panter who resigned.
21 Spot prices at a glance
Week’s Price (US) Change Gold* $389.10 — $20.90 Silver* $4.86 — $0.26 Platinum* $488.25 — $12.00 Nickel** $4.99 — $0.14 Lead** $0.40 + $0.01 Copper- $1.33 — $0.00 Zinc– $0.75 + $0.02 Courtesy of…
Ore deposit symposium draws 550 delegates to Ottawa
More than 550 delegates representing 55 countries attended the eighth symposium of the International Association on the Genesis of Ore Deposits (IAGOD) here Aug. 12-18, the first time the event has be…
Metal Prices FREE MARKET (September 03, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date August 28 August 27 August 24 August 23 August 22 Copper 1532-1534 — 1525-1527 1506…
Mixed Anglo assays
Timmins-based Anglo Canadian Mining (TSE) has reported a mixture of high- and low-grade gold assays from recent drilling on the MWF property in Matheson Twp., near Timmins, Ont. Anglo has an option to…
Breakwater earnings reflect low gold price, strong dollar
Lower gold prices and a strong dollar have made their mark on Breakwater Resources’ (TSE) half-year income. In the first six months of 1990, Breakwater earned $4.3 million (7 cents per share) compared…
Acquisitor offering
A “best efforts agreement” has been entered into by Acquisitor Mines (VSE) with Montreal brokerage firm Brault, Guy, O’Brien for an offering to Quebec investors only. The offering, subject to regulato…
Timmins Nickel drilling Langmuir
A 3,000-ft. underground drilling program is under way at the Langmuir No. 1 property of Timmins Nickel (TSE) in the Timmins, Ont., area. The drilling is designed, the company says, to follow up previo…
U.S. REPORT Silver coin sales show huge jump
More than 11.7 million oz. silver went into the minting of silver legal tender bullion coins in 1989, up by 49% from the previous year, The Silver Institute of Washington, D.C., reports. The U.S. Amer…