NEWS IN BRIEF Can-Ex Resources Ltd.
Can-Ex Resources Ltd.(CXZ: VSE) has changed its name to Kintana Resources Ltd. (KIN: VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Central Guaranty Trust…
News
Cambior needs US$152 million to build gold mine in Guyana
The board of directors of Montreal-based Cambior (TSE) recently approved a feasibility study for the Omai gold project in Guyana, South America, held jointly with Golden Star Resources (TSE). Golden S…
Cyprus earnings narrow
Earnings were down sharply for Cyprus Minerals (NYSE) during its the third quarter ended Sept. 30. The company reported third quarter earnings of US$42.2 million, compared with earnings of US$68.2 mil…
BOOKS IN REVIEW Guide to international miners
A guide to the international mining community, Mining 1991 is a useful source for those with a global outlook. This annual lists more than 700 public, state-owned and privately held companies, with ad…
Brinco completes acquisition
With the tender of 97.4% of the outstanding shares of Western Canadian Mining, the company’s major shareholder, Consolidated Brinco (TSE), can proceed with its reorganization plan. Shareholders were o…
METALS PRICES PRODUCER PRICES (January 07, 1990)
ALUMINUM: MW U.S. Market US70.25- 71.75 cents per lb. (Dec. 20, 1990). ANTIMONY: New York dealer US78-80 cents per lb. (Nov. 29, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). C…
Goldteck served Ministry notice
The Ontario Ministry of the Environment recently served Goldteck Mines (TSE) and two of its officers with a notice of its intention to ask the company to take certain steps relating to the overflow of…
Alberta Stock Exchange Eden Roc gets financing
Following the release of a new reserve estimate for its gold property in Ivory Coast, Eden Roc Mineral has managed to line up financing to develop the project. The Africa Growth Fund has agreed to inv…
FINANCING (January 07, 1990)
Founder Resources Inc — 910,000 units offered at 45 cents per unit. Pricam Explorations Inc — 700,000 shs offered at 35 cents per sh with a minimum subscription of 700,000 shs required.
Fund pledges US$2.5m for Marshall’s Ivory Coast bet
Marshall Minerals (ASE) and 67% owned subsidiary Eden Roc Minerals (ASE) have made some headway in their bid to finance construction of a heap leach gold mine on the Ivory Coast of West Africa. Accord…
Coral to sell Loco property
An agreement was reached between Coral Gold (TSE) and Avino Mines and Resources (VSE) over the sale to Avino of the company’s 30% interest in the Loco property. Avino will pay Coral $278,000 in cash p…
Imperial breaking even
Net earnings for the quarter ended Sept. 30 put Imperial Metals (TSE) at the break-even point with a gain of $40,000 on revenues of $1.1 million. The company reported a loss of $165,000 for the six mo…