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…
News
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…
Avondale drops Inco project
After completing over $2.5 million in expenditures on the Inel property, Avondale Resources (VSE) has elected to terminate its option agreement with Gulf International Minerals (VSE). Under the terms …
Vangold reactivated
After lying inactive, Vangold Resources (VSE) is back in business with the completion of a private placement of 300,000 flow-through shares at a price of 50 cents per share. Non-transferable share pur…
Atlanta allows Newmont option
Shareholders of Atlanta Gold (TSE) voted in favor of optioning the company’s Idaho properties to a unit of Newmont Mining (NYSE). Newmont can earn a 51% interest by making staged cash payments totalli…
GOLDFUNDS (January 07, 1990)
MVP BGR Central Net value $9.52 $5.40 Price $8.13 $4.900 Discount 14.60% 9.3% Value $56,655,075 $82,439,070…
Asarco buys out Wiluna partner
The Australian subsidiary of Asarco (NYSE) has acquired full ownership of the Wiluna gold mine in Western Australia. Asarco Australia, 60% owned by its New York-based parent, bought the 50% interest i…
Ways to attract qualified recruits
Patrick MacCulloch will address the audience at a dinner sponsored by the Toronto branch of the Institute of Mining, Metallurgy and Petroleum, Jan. 24. Billed as a “students’ nite,” the meeting focuse…
Quintette seeks major concessions from creditors
A reorganization plan filed with the Supreme Court of British Columbia by Quintette Coal reveals the company is asking its creditors to write off in the order of $485 million in debt. The writeoff wou…
Asarco provides Missouri grant
A US$150,000 grant over a 5-year period is being provided by Asarco (NYSE) to the University of Missouri-Rolla School of Mines and Metallurgy to establish the Asarco Endowment Fund. The fund will be u…
Base metals face difficult year in 1991, long-term outlook better,
Mining analysts expect 1991 to be a difficult year for base metal producers as the western world enters a period of slower economic growth. “A weakening western world economy will not be good for meta…
Essays on mine planning, design
This collection of proceedings, delivered at a conference organized by the University of Calgary in Alberta, covers mine planning, mine design, production technology and geotechnical engineering for s…