U.S. Report BMR focusing on California project
The focus for the coming year for BMR Gold (ASE) will be to bring the America Mine gold project to the point of a production decision. BMR has the right to acquire a 75% interest in the America Mine p…
News
U.S. Report Foreign reserve potential interests Battle Mountain
To bolster depleting North American reserves, Battle Mountain Gold (NYSE) is making a commitment to developing reserves in South America and the Austral Pacific region. The 1989 annual report stresses…
Sale of Indonesian interests will net Inco $125 million
Through a public offering on the Indonesian stock exchange, Inco (TSE) will sell 20% of its interest in PT International Nickel Indonesia (PT Inco). The sale will net proceeds of US$250 million, resul…
Spot prices at a glance (April 16, 1990)
Week’s Price (US) Change Gold* $374.10 — $0.15 Silver* $5.09 + $0.08 Platinum* $476.00 + $0.30 Nickel** $3.99 — $0.10 Lead** $0.37 — $0.04 Copper- $1.19 — $0.07 Zinc $0.74 — $0.04 Courtesy of Sco…
Commodity index in further decline
A small drop of 0.5% in Scotiabank’s all-commodity price index was recorded for February; on an annualized basis, the index fell by 5.3% for the month. A decline in base metal prices contributed to th…
National Resource proposes amalgamation
The shareholders and partners of National Resource Explorations (TSE) have recently been notified that the company intends to amalgamate with NIM Management, and wind up all six of their partnerships …
Vancouver Stock Exchange Reserve figures goost Eskay players
The Vancouver Stock Exchange lost some of its steam during the past week, the composite index off about 10 points at 11 a.m. on April 11, today, for a total loss of about 18 points over the week’s rep…
Wydmar raises cash for gold exploration
An option agreement between Southern Arizona Mining and Smelting (COATS) and Wydmar Development (VSE) will allow Wydmar to finance exploration on their Eskay Creek and Island Lake properties. Under th…
Glencairn insider bets on diamonds
Glencairn Exploration (ASE) director Robert Peereboom has been positioning himself to take advantage of any developments relating to the company’s Brazilian diamond and Ontario gold projects. Having o…
FUTURES PRICES (April 16, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Apr 121.25 120.00 121.00 — 6.40 May 119.50 116.75 119.35 — 5.50 Jul 112.60 110.00 112.35 SILVER (in US cents pe…
Kingswood busy in Casa Berardi area
Toronto-based Kingswood Explorations (ASE) is increasing its land position around a small base metal deposit in La Gauchetierre Twp., 23 miles west of Matagami, Que. Subject to regulatory approval, th…
Muscocho group set to approve Echo Bay deal
Shareholders of related companies Muscocho Explorations (TSE), Flanagan McAdam Resources (TSE) and McNellen Resources (TSE) are expected to approve an important restructuring and financing agreement t…