PRODUCER PRICES (April 23, 1990)
ALUMINUM: MW U.S. Market US70.75- 71.75 cents per lb. (Apr. 11, 1990). ANTIMONY: New York dealer US84-86 cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CA…
News
Inco shareholders nix secret ballot proposal
Inco (TSE) shareholders have rejected a proposal to establish confidential voting procedures at company meetings. The proposal, presented by investment adviser Allenvest Group at Inco’s annual meeting…
Marshall ups stake in Eden Roc to 67%
In return for $1.4 million, Marshall Minerals (ASE) has acquired seven million shares of Eden Roc Mineral (ASE). As a result of the private placement, Marshall now owns a 67% stake in Eden Roc on an u…
Fleck believes Dunka feasible
An in-house after-tax cash flow assessment by Fleck Resources (VSE) on the company’s Dunka Road deposit in Minnesota estimates a return of 15.9% on invested capital. The Dunka Road deposit was acquire…
U.S. Report Win-Eldrich options Ashdown for $2 million
The Ashdown property in northern Nevada, where proven and probable reserves stand at 1.12 million tons averaging 0.09 oz. gold per ton, has been optioned by Win- Eldrich Mines (TSE) to Billiton Minera…
Montreal Exchange: Volume slackens
Investors shied away from the market during the holiday-shortened week ended April 17; daily trading volumes ranged between a puny 3.1 million and 5.2 million shares. Key indicators showed a negative …
Barringer, Accurassay combine assay services
Two assaying companies, Barringer Laboratories and Accurassay Laboratories, have merged their services to create one continent-wide organization. Barringer has several labs in mining centres across No…
FUTURES PRICES; New contract at David Bell hikes wages by 22%
Management and union workers at the David Bell Mine at Hemlo, Ont., have signed a 3-year contract agreement that will increase wages by about 22%. The agreement, approved by 80% of local 9165 of the U…
Correction (April 23, 1990)
A preliminary reserve estimate of 800,000 tons grading 0.177 oz. gold (uncut) and 12.63 oz. silver is reported by Biron Bay Resources (ASE) for the company’s Summit gold project in New Mexico. Incorre…
Quebec to study mining fatalities
The Quebec government has announced the formation of a committee to investigate mining accidents in the province. Focusing on the Abitibi or northwest region, the committee will report on the reasons …
LAC cancels expansion plan for Milton quarry
LAC Minerals (TSE) has decided not to proceed with expansion of its limestone aggregates operation at Milton, Ont. The quarry has been a source of revenue for nearly 30 years, but demand from the Toro…
Homestake tops million ounces
Gold producer Homestake Mining (NYSE) exceeded the million- ounce mark in 1989 for the first time in its 114-year history. The company was also able to lower its cash production costs but it also repo…