Metal Prices FUTURES PRICES (June 12, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jun106.40 106.40 106.50 — 7.10 Jul109.10 106.70 107.30 — 7.20 Sep107.90 106.00 1…
News
Midas acquisition provides cash flow
Midas Minerals (TSE) has acquired what few junior mining companies have — cash flow. The company, via a subsidiary company McKendry Quarries Ltd., has purchased the business and assets of limestone p…
Minor metals and modern technological breakthroughs (1)
“Here’s metal more attractive.” (Hamlet III ii 117) Well, maybe that’s a bit strong but the minors are still extremely interesting to the enquiring mind. Attractive? Certainly. In the quiet shadows ca…
Two drills testing Mexican Hat property
Two drills are testing Oneida Resources’ (VSE) Mexican Hat gold property in southeastern Arizona. The property was recently optioned to Placer Dome (TSE) which has taken over as operator. One of the r…
News in Brief (June 12, 1989)
Nickling Resources has changed its name to Florin Resources Inc. (FLN:VSE) on a 1-new-for-3-old share basis. Transfer agent is Central Guaranty Trust Company.
Sharpe Energy deals with Crude at Mishibishu (June 12, 1989)
With a strengthening of its board and new financing in the wind, Sharpe Energy & Resources (VSE) will be allying with Central Crude (TSE) for the exploration of some ground in Ontario’s Mishibishu gol…
Nevada tax increase boosts unit costs for Amax Gold
The decision by the State of Nevada to increase its net proceeds tax from 2% to 5% has hurt Nevada gold producers including Amax Gold (NYSE). At the company’s recent annual meeting in Denver, Colo., C…
Feasibility study under way at Mazarin’s graphite play
A flake graphite deposit near Fermont, Que., contains proven ore reserves able to sustain commercial production for many years, Mazarin Inc. (TSE) reports. The company says engineering firm Roche and …
First-refusal rights alter Homestake, Esso deal
Homestake Mining (Canada) Ltd. should soon know which holdings it is likely to end up with from the remaining property assets of Esso Minerals Canada. Earlier this year, Homestake made a $29-million b…
Earnings Report (June 12, 1989)
Aur Resources (TSE) reported earnings for the 6-month period ended Mar 31 of $1.1 million or 6.4 cents per share. In the same period last year the company reported earnings of $1.4 million or 9.2 cen…
Prospectors welcome court ruling
A Supreme Court of Ontario ruling on claims staking is being interpreted as favorable news for prospectors. Two claims in northwestern Ontario staked by Ray Ramsay in 1986 were cancelled a year later …
Athena results from Talapoosa
Athena Gold Corp. (VSE) says that significant results were achieved in the final phase of drilling at its Talapoosa gold property in Nevada. Drilling in the Bear Creek zone returned 285 ft of 0.081 oz…