FUTURES PRICES (February 12, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Feb100.00 99.50 100.00 + 3.85 Mar 99.70 98.30 99.20 + 3.55 Apr 98.50 98.25 98.50 + 3.20 SILVER (in US cents per o…
News
Court dismisses U.S. Gold application
The application by U.S. Gold (NASDAQ) for a limited rehearing of the appeal of Justice Hinds’ decision has been dismissed by the British Columbia Court of Appeal. Hinds’ decision had turned control of…
Echo Bay, Muscocho face roadblock from Windarra
A partner in the operating Magnacon gold mine near Wawa, Ont., says it has the right of first refusal to purchase an increased interest in the project. Windarra Minerals (TSE), with an original 25% in…
Kokanee testing Sullivan-type exploration target
Speculation on the significance of recent drilling at the Vine property near Cranbrook, B.C., has dramatically boosted the share price of Kokanee Explorations (VSE). The junior company reported that d…
Gold Torch not a Prime company
The acquisition of one million escrow shares of Gold Torch Resources (VSE) by Prime Resources (VSE) will not be completed. As a result, the company notes that Prime nominees will no longer be on the b…
South African changes could tap capital from North America
The improved fortunes in gold prices since late 1989 combined with the rapidly improving political situation in South Africa — the world’s largest gold producer — is boding well for that country’s g…
Obituary Art Hastie
Art Hastie, long-time prospector and stockbroker, died on Jan. 24. He was 85. Hastie was co-founder of O’Leary Malartic and D’Aragon Mines and co-staker of Chiboug Copper, McWatters and Elder Mines. H…
Letters to the Editor Miner’s library should stay open
I regret to learn of the decision by The Northern Miner to close its library to the public which was recently announced in your paper. The library is an extremely important source of information to th…
Cominco clarifies Sullivan mine shutdown
Serious operating losses brought about by high production costs and falling zinc prices were cited by Cominco (TSE) as the reason for its decision to suspend mining operations at the aging Sullivan mi…
BMR finds new gold zone at America mine project
Some encouraging gold intersections were reported recently by BMR Gold (ASE) from its America mine project, 120 miles south of Las Vegas, near Amboy, Calif. Under an agreement with Fischer- Watt Gold …
Mercator plans to raise $7.8 million
A $7.8-million public share offering is being planned by Mercator Resource (ASE), following its recent acquisition of all the outstanding shares of Arimetco, a U.S. company. Mercator previously issued…
Battle financing
Battle Mountain Gold (NYSE) is planning an issue of five million common shares which will gross about $105 million. The deal is one in a series of large gold equity offerings which have hit the market…