Ontario beefs up grants for juniors
Junior mining companies doing business in Ontario are now eligible for grants of up to $300,000 per year from the Ontario government. It is the first time juniors, beneficiaries of flow-through financ…
News
Breakwater acquires two new properties
By spending $1 million on exploration over the next 10 years, Breakwater Resources (TSE) has the option to earn a 70% interest in 35 claims within the Blake River group of volcanic rocks that host the…
IOCC GOLD OPTIONS (May 14, 1990)
Options Open Series Volume Last Interest May 360 C 51 12.00 104 May 380 C 715 1.60 1,466 May 390 C 159 0.50 1,097 Aug 370 C 43 15.00 95 Aug 390 C 25 8.00 589 Aug 400 C 110 5.50 1,509 Aug 410 C 50 2.80…
GOLD FUNDS (May 14, 1990)
MVP BGR Central Capital Net value $10.68 $5.77 $0.36 Price $9.125 $5.750 $0.17 Discount %14.56% %0.3% 53% Value $63,606,200 $96,739,725 N/A…
Corrections (May 14, 1990)
Some incorrect information was reported recently by Aur Resources (TSE) with respect to the location of hole 78H at its Louvicourt Twp. joint venture with Societe Miniere Louvem (TSE) near Val d’Or, Q…
Cambior output nears 40,000 oz.
Increased revenue and gold output were reported by Cambior (TSE) for the first quarter of 1990. Net income declined slightly. The Val d’Or, Que.,-based producer recorded net earnings of $4.6 million (…
Queenston Mining pulls out of the red in 1990
Increased royalty revenues from its Kirkland Lake properties adjoining the Macassa mine have lifted Queenston Mining (TSE) first- quarter results out of a loss of $33,863 for 1989 and into a 1990 prof…
Westmin plans restructuring
In an effort to reduce its long-term debt and improve earnings, Westmin Resources (TSE) is planning another restructuring. Despite the sale of its oil and gas division in 1989, Westmin has more than $…
Morrison to earn in at Casa Berardi bets
Having staked 340 claims in Casa Berardi, Que. and optioned three properties further east in Douay Twp., Morrison Minerals (TSE) is attempting to benefit from any new discovery in the region. But sinc…
Cal Graphite split
Cal Graphite (VSE), operator of a graphite mine in the startup phase north of Huntsville, Ont., is proposing a 3-for-2 share split. Shareholders will vote on the proposed split June 12 in Vancouver. T…
Redstone acquiring royalty
Redstone Resources (TSE), an affiliate of royalty specialist Franco- Nevada Mining (TSE), recently agreed to acquire a 2% gross royalty interest in the Midwest uranium deposit in Saskatchewan for $3 m…
PRODUCER PRICES (May 14, 1990)
ALUMINUM: MW U.S. Market US71.25- 72.75 cents per lb. (May 3, 1990). ANTIMONY: New York dealer US82-84 cents per lb. (Apr. 19, 1990). BISMUTH: New York dealer US$4.20-4.30 per lb. (May 3, 1990). CADMI…