Piedmont tallies loss for 1989
A loss of US$236,652 for the year ended Dec. 31, was reported by Piedmont Mining (NASDAQ). This compares with a loss of US$456,082 in the previous year. The relative improvement in results, despite a …
News
COATS (over-the-counter) Southern into Eskay
Continuing on their upward trend, shares of Southern Arizona Mining and Smelting jumped 20 cents to close at 57 cents. The company has entered into another option agreement whereby it will purchase 4….
Updated reserves estimate released for Eskay Creek by Vivian
Two separate geological reserve estimates were released this week for the 21 Zone deposits at the Eskay Creek project north of Stewart, B.C. Calpine Resources, project operator and 50% owner, released…
Greenstone boasts strong property portfolio for 1990
Exploration results from Canadian interests and production developments in South America are resulting in a strong property portfolio for Toronto-based Greenstone Resources (TSE). The Scott Lake base …
U.S. News in Brief (April 16, 1990)
Coeur d’Alene Mines has declared a 15 cents dividend payable April 20 to shareholders of record April 13. The company has also filed an application to list the common stock on the New York Stock Excha…
Letters to the editor Antimony: the deadly metal
I came across a short notice in your paper stating “Arsenic metal soars” (T.N.M., Feb. 5/90). The last sentence reads: “The main use for arsenic metal is as an alloy with lead to make shot for bullets…
Esperanza changes name
As the result of a name change and a share consolidation, Esperanza Explorations has become Columbia Gold Mines (VSE). With a share consolidation of one new for three old, the company has about 4.4 mi…
PRODUCER PRICES (April 16, 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…
Cameco to enter plead soon regarding pollution charges
A plea to a charge in February by Saskatchewan’s justice department regarding a spill of contaminants leading to water pollution is expected to be entered by Cameco…
Aranlee cuts deal with Noranda
In a deal which could be worth $4.05 million, Aranlee Resources (VSE) has optioned its Quet property to Noranda Exploration, a wholly owned unit of Noranda (TSE). Noranda can earn a 60% interest in th…
Toronto Stock Exchange Indices (April 16, 1990)
Apr. 10 Apr. 9 Apr. 6 Apr. 5 Apr. 4 HIGH LOW Composite “300” 3594.89 3613.60 3632.32 3630.63 3634.95 4009.47 3594.89 Metals & Minerals 3114.22 3113.62 3133.89 3154.83 3157.06 3453.05 2921.03 Integrate…
Waddy Lake property purchase agreement rejected by TSE
An offer made by Golden Rule Resources(TSE) and Goldsil Resources (TSE) to sell their 45% interest in the Oven Lake joint venture in the La Ronge area of Saskatchewan has been rejected by the TSE. The…