Teck, Int. Platinum look for base metals
An agreement has been reached between International Platinum (TSE) and Teck (TSE) to explore the Eagle Lake base metal prospect near Dryden, Ont. Under the terms of the agreement, Teck will spend $1.6…
News
Minven’s costs override revenues
Minven Gold (TSE) recorded a net loss of US$938,385 (3 cents per share) for the fourth quarter of 1989, compared with a loss of US$16,295 in the same quarter of 1988. Fourth- quarter revenues were US$…
Metal snips Tenneco expanding soda ash operation
A joint venture will be formed between Tenneco Minerals and Asahi Glass Co. of Japan to acquire Tenneco’s Green River soda ash facility in Wyoming and expand annual production by 600,000 tons, or 48%….
Gold funds as of Mar. 13
MVP BGR Central Capital Net value $12.03% %$6.19% $0.42 Price $10.875% %$6.50% $0.33 Discount 9.60% 5.0%5 21% Value $71,612,014 $104,191,720 N/A…
FUTURES PRICES (March 19, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Mar 121.70 118.70 119.00 — 1.25 Apr 115.15 115.15 115.15 — 2.20 May 115.60 112.20 112.70 — 2.65 SILVER (in US …
Alcan recycling
Major aluminum producer Alcan (TSE) reports a recent doubling of its recycling capability in the U.S. and plans to build a major recycling centre in the United Kingdom. According to Chairman David Mor…
Galactic to develop new mine
March has indeed come in like a lion for Galactic Resources (TSE). In the space of one week, the company announced a substantial increase in annual earnings, the sale of the bulk of its interest in a …
Granges reduces loss in 1989
A net loss of $8.1 million or 28 cents per share was reported by Granges (TSE) for 1989, compared with a 1988 net loss of $13.5 million or 61 cents per share. The company said the improvement reflects…
General News & Comment Ontario will stop issuing assay coupons
When Ontario’s new Mining Act comes into force next year, the province will stop issuing free assay coupons to licensed prospectors. The total value of the 990 coupons redeemed between April 1, 1988, …
Shamrock looking to production
An approval- in-principle has been reached between Shamrock Resources (VSE) and United States Antimony (NASDAQ) for the development of the Yellowjacket property in Lehmi Cty., Idaho. A proposed plan o…
$4 million Inco program likely at Cochenour mine
Hopes that the prolific Red Lake, Ont., gold camp will give rise to another new gold production continue to rest on the old Cochenour- Willans property, where Inco Gold, a unit of Inco Ltd. (TSE), is …
FINANCING (March 19, 1990)
Desert Sands — 800,000 offered @ 50 cents per unit. Eurogold — min 500,000 offered @ 45 cents per sh. Milan Res & Expls — 1,000,000 sold for gross $450,000. Excellon Res — min 650,000 offered @ 35…