FINANCING (April 16, 1990)
A-X Metals — 900,000 offered @ 55 cents per sh. Sarabat Gold — min 500,000 offered @ 50 cents per sh. Covenant Res — min 500,000 offered @ 45 cents per sh. Trades reported by QSC…
News
Bacterial oxidation process produces gold for U.S. Gold
It has taken more than two years and US$31 million, but Denver-based U.S. Gold (NASDAQ) recently poured the first gold produced from a new bacterial oxidation process developed at its Tonkin Springs g…
Letters to the Editor `Greenpeach supports uranium industry’
In reference to the article on the uranium market study commissioned by Greenpeace (April 2/90), I find it shocking that Greenpeace is actually promoting the world nuclear industry by lobbying for a b…
More work planned for base metals bet near Great Slave Lk.
A.C.A. Howe International has recommended a $1-million program of detailed mapping and about 20,000 ft. of drilling on a base metals property 11 km from Great Slave Lake, N.W.T. The ground has been op…
Montreal Exchange Mining issues gain (April 09, 1990)
Light-to-moderate volume and mixed trading marked the week ended April 3. The mining and minerals index gained 14.6 points, while the general market portfolio index fell by 8.4 points. Daily volumes r…
Citadel plans small program on Wawa bet
Following a major corporate restructuring and asset sale last November, Citadel Gold Mines (TSE) plans to conduct a small exploration program this year on its claims around the Surluga gold deposit at…
International Mahogany adds to portfolio
With the Jolu mine in Saskatchewan and the Silver City heap leach operation in Utah both at the production stage, International Mahogany (TSE) has decided to concentrate its development efforts elsewh…
Gold funds as of Apr. 3 (April 09, 1990)
MVP BGR Central Capital Net value $11.58% %$5.82% $0.40% Price $10.50% %$6.125 $0.25% Discount 9.33% %5.2%5 37.5% Value $68,946,265 $103,048,838 N/A…
Orofino takes loss despite Scadding bet
Increased gold production from Orofino Resources’ (TSE) Scadding project near Sudbury, Ont., couldn’t prevent the Toronto-based company from having to break out the red ink. Orofino reported a net los…
News in Brief (April 09, 1990)
Bay Resources (ASE) says it has reached an agreement with St. Genevieve Resources (TSE) under which the latter company will commit $150,000 by March 1, 1991, for exploration on a number of properties….
PRODUCER PRICES (April 09, 1990)
ALUMINUM: MW U.S. Market US68.50- 70.50 cents per lb. (Mar. 8, 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). CAD…
Inco to spend $4.6 m at old Cochenour bet
Plans for a $4.6-million underground exploration program at the Cochenour-Willans gold mine property near Red Lake, Ont., were finally revealed by Inco Gold recently. Inco Gold, a unit of Inco (TSE), …