Nerco buys interest in Black Swan Gold
Nerco Inc. (NYSE) has completed the purchase of a 19% interest in Black Swan Gold Mines (VSE). The private placement, which was done through a subsidiary, Nerco Minerals Canada, involved the purchase …
News
Dispute has Louvem unsure about effect of Aur discovery
An attempt by Societe Miniere Louvem (TSE) to obtain an out-of-court settlement with Aur Resources (TSE) over a disputed massive sulphide discovery east of Val d’Or, Que., was discussed at the recent …
Hayes awaits court approval for share distrubtion plan
Hayes Resources (TSE) could emerge soon with a new name and a clean balance sheet if the company gains court approval for a proposed capital reduction plan and a special plan of arrangement. Under the…
Reno hosts Gold ’89
The World Gold ’89 conference will be held in Reno, Nev., Nov 5-8, 1989. The theme will be breakthrough processes in exploration and gold metallurgy. Topics of discussions will include gold mine plann…
Battle for Atlanta still not over
The battle for control of Atlanta Gold Corp. (TSE) took another turn as U.S. Gold Corp. (NASDAQ) challenged the validity of certain proxies voted in favor of management at Atlanta’s recent annual meet…
Mobrun results make Audrey ripe for Northgate takeover
Toronto-based Northgate Exploration (TSE) has been so impressed with an exploration and development program at Audrey Resources’ (TSE) Mobrun mine near Rouyn-Noranda, Que., that it wants to increase i…
Centurion/Western States joint venturing new mine
Adding to its board of directors appears to have been an astute move for Centurion Gold (NASDAQ). After years of indecision the company has finally moved to exploit the potential of its long dormant Z…
Metal Prices FUTURES PRICES (July 10, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul103.70 100.80 101.00 — 4.80 Sep101.80 99.80 100.45 — 3.45 Dec100.50 98.65 …
COATS (over-the-counter Atlantic leads
Trading nearly 100,000 shares, Atlantic Goldfields led a sluggish COATS exchange this week. Atlantic’s high of 85 cents was up 11 cents from its high the week before. Atlantic has $14 million in the…
Minieres du Nord expands holdings
Concentrating its exploration efforts last year in the Matagami region of northwestern Quebec, Minieres du Nord (ME) has enlarged its main Isle-Dieu Twp. gold property and acquired by staking new prop…
Gold funds as of July 4
MPV BGR Central Capital Net value $11.75 $ 6.14 $0.57 Price $ 9.625 $ 5.38 $0.40 Discount $18.09% 12.5% 29.8% Value 69,984,711 $103,402,155 …
Colony Pacific plans underground program at Blue Moon
Before Colony Pacific Explorations (TSE) can start a deep underground exploration program at the Blue Moon polymetallic project in California, it, like all companies operating in this environmentally …