North American gold equities are recommended
London-based brokerage house Barclays de Zoete Wedd is recommending investors focus on the North American gold sector in the short-to-medium term as opposed to Australian and South African gold equiti…
News
Acadia’s connection with Hecla provides access to equity funds
At a time when most juniors are struggling to raise risk capital Acadia Mineral Ventures (TSE) has secured significant financial clout and has expanded its portfolio of gold properties. The company no…
Tap Capital shifts focus to oil and gas
Toronto-based Tap Capital is continuing with a restructuring plan that will eventually see all of its mining assets sold to focus on its oil and gas businesses. Director Richard Scratch says the compa…
Small percentages will determine Stikine’s future
As a result of Placer Dome’s (TSE) unsuccessful attempt to acquire a controlling interest in Stikine Resources (TSE), Corona (TSE) and Placer remain practically tied in the race to dominate the Eskay …
Uranium price rise first in three years
The spot price of uranium underwent its first increase in three years in May when the range for bids and offers stood at US$8.90-9.35 per lb. U/c3h/O/c8h/, NUKEM reports. The company, which provides n…
Coxheath gets new funds from Ainsley
An option agreement has been signed between Coxheath Gold Holdings (TSE) and Toronto-based Ainsley Financial Corp. which will see the latter company invest $2.5 million to complete development of Coxh…
Metal Prices FREE MARKET London Metal Exchange (July 16, 1990)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 10 July 9 July 6 July 5 July 4 Copper 1526-1528 1550-1552 1533-1535 1508-1510 1478-1480 Lead 502-504 …
U.S. REPORT Gold slump forces cutback for Alta Gold
Weak gold prices are starting to take a toll on mining operations across North America, and heap leach mines appear to be no exception. For Alta Gold (NASDAQ), the combination of low gold prices and h…
Placer, Corona bid for Eskay while Musselwhite waits
As two of the country’s biggest gold producers, Corona (TSE) and Placer Dome (TSE), continue battling for control of the high-profile Eskay Creek gold discovery in northwestern British Columbia, the c…
Breakwater drops option on Lenora turf
Disappointing results from the Greater Lenora Resources (TSE) claims just north of the Estrades mine site at Joutel, Que., have prompted Breakwater Resources (TSE) to drop its option on the property. …
Sutton negotiating African joint ventures
Within the next several weeks, Sutton Resources (VSE) expects to have signed a formal agreement to acquire interests in gold concessions in Guyana and base metal projects in Tanzania. Romanex Internat…
Avondale to drill Inel claims
Exploration activity is heating up in the Iskut River district of northwestern British Columbia, particularly now that road access seems a certainty in 1991. Iskut pioneer Gulf International Minerals …