London Metal Exchange (April 16, 1990)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr. 10 Apr. 9 Apr. 6 Apr. 5 Apr. 4 Copper 1618-1620 1626-1628 1650-1652 1642-1644 1644-1646 Lead 530-533 …
News
Japanese eye Brazil
Reports that a major Japanese mining group is planning to buy all of Brazil’s foreign debt — about $115 billion — in exchange for exclusive gold mining rights to the Amazon have been greatly exagger…
Metal prices, operating costs factor in Asamera financials
Lower precious metal prices and the increased cost of operating its U.S. gold mines resulted in a decline in annual profits for Calgary-based Asamera Minerals (TSE). Asamera, a possible acquisition ta…
Hixon intersects minor copper-zinc values
A minor copper-zinc target has been identified by Hixon Gold Resources (VSE) on one of two properties in Louvicourt and Isle Dieu twps., Que. Hixon and its joint venture partners, Globex Mining Enterp…
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…
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…