Merchant banker faces Utah court
The managing director of British merchant banker Samuel Montagu & Co. is being cross-examined this week in the Utah Federal Court in Salt Lake City by lawyers representing Utah exploration company Gol…
News
U.S. REPORT Bunker Hill earnings improve
Fortunes changed during the first half of 1990 for Bunker Hill Mining (TSE) as earnings rebounded to US$1.36 million versus a loss of US$958,000 in the first six months of 1989. Jack Kendrick, preside…
Gauthier moves to end Aur-Louvem dispute
To the surprise of almost no one in mining investment circles, St. Genevieve Resources (TSE) has tabled a proposal designed to end the legal deadlock over the base metal discovery of Aur Resources (TS…
FINANCING (August 06, 1990)
VANCOUVER Lodestar Expl — 800,000 offered @ 50 cents per sh. Adonos Res — 550,000 offered @ 50 cents per sh. Toltec Res — 700,000 sold for gross $280,000. Annabel Gold — 1,100,000 offered @ 75 cen…
Gold Bar shareholder suing Leliever over gold bet deal
A Gold Bar Resources (COATS) shareholder, who says he owns a 51% interest in the company, has initiated legal proceedings to prevent Gold Bar from selling part of its interest in a Gogama, Ont., gold …
Haileybury students receive cash awards
Recently a number of students at the Haileybury School of Mines were awarded scholarships for general proficiency or outstanding academic performance. Among the winners were Darwin Fiske (Saskatchewan…
COATS (Over-the-counter) McNickel gains 5 cents
Shares of McNickel traded heavily for the week ended July 31, jumping 5 cents to close at 20 cents on a volume of 216,500. Rumour has it that the Muscocho group of companies, of which McNickel is a me…
Output boosts Minnova profit
Added production from the Ansil and Samatosum polymetallic mines, which both entered commercial production last summer, resulted in a 10-fold profit increase for Minnova (TSE) in the first half of 199…
Correction (August 06, 1990)
A recent headline (T.N.M., July 23/90) on the editorial page, relating to an excerpt from a newsletter by M. Murenbeeld & Associates on the price of gold, should have read “Gold’s 12-year low.” Elsewh…
Metal Prices FREE MARKET (August 06, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 31 July 30 July 27 July 26 July 25 Copper 1538-1540 1543-1545 1565-1570 1546-15…
IOCC GOLD OPTIONS (August 06, 1990)
Options Open Series Volume Last Interest Aug. 370 C 503 6.80 556 Aug. 390 C 223 1.50 1,117 Nov. 370 C 195 18.00 763 Nov. 380 C 221 12.90 833 Nov. 390 C 368 7.50 659 Nov. 400 C 115 6.00 984 Nov. 420 C …
U.S. REPORT Asarco building new SX-EW plant
At a capital cost of US$54 million, Asarco (NYSE) says it plans to build a new solvent extraction- electrowinning (SX-EW) plant at its Silver Bell mine in Arizona. The new facility, which should be co…