Outlook for platinum tied to autocatalysts
In 1989 the world platinum market paused for breath as demand for the white metal came more closely in balance with supply when compared with 1988. “Total demand for platinum in the Western World in 1…
News
1st-quarter earnings drop for Cons. TVX
Production problems and increased operating costs at Consolidated TVX’ (TSE) Novo Astro gold mine in the Amazon region of Brazil was reflected recently in the company’s first-quarter financial results…
IOCC GOLD OPTIONS (June 04, 1990)
Options Open Series Volume Last Interest Aug. 380 C 96 7.80 772 Aug. 390 C 140 5.50 1,185 Aug. 400 C 103 3.30 1,680 Aug. 430 C 220 0.50 1,237 Nov. 380 C 52 16.25 116 Nov. 400 C 68 9.50 210 Nov. 440 C …
Unexpected developments affect Audrey earnings
Some unexpected developments at Audrey Resources’ (TSE) Mobrun polymetallic mine near Rouyn-Noranda, Que., contributed to an unprofitable first quarter for the company. Audrey reported a net loss of $…
U.S.REPORT Uranium Resources plans production
Planning to increase annual production capacity from one million to more than four million pounds in the near future, Uranium Resources (TSE) has borrowed $23 million from Citibank. The 6-year credit …
U.S.REPORT Galactic, Cornucopia merger may come following share
Vancouver-based companies Galactic Resources (TSE) and Cornucopia Resources (TSE) are preparing to follow the example set by other mining firms by laying the ground work for a possible merger. Galacti…
People LEXINGTON RESOURCES
A.M. Sinclair and Don Archibald appointed to the board of directors.
High grade values found at Marlin bet
Partners Golden Marlin Resources (VSE) and Cameco are currently analyzing the results of a winter program at the Northwest gold joint venture near Yellowknife, N.W.T. Under an agreement, Cameco can ea…
Placer bids for Eskay
Placer Dome (TSE) has made an all cash offer of $67.50 per share for Stikine Resources (TSE), the 50% owner of the Eskay Creek property. Alternatively, shareholders have the option to take 3.5 common …
Hemlo, Mishibishu explore Pukaskwa River bet
Joint venture partners Hemlo Gold Mines (TSE) and Mishibishu Gold (VSE) have started a summer work program of backhoe trenching, sampling and prospecting on their 371-claim Pukaskwa River gold propert…
News in brief (June 04, 1990)
BGR Metals has declared a regular quarterly dividend of 25 cents per common and class A share, payable April 27, 1990.
Vior partners set to begin new drilling phase at Douay
The partners involved in the Douay Twp. gold discovery near Casa Berardi, Que., are preparing to launch a new drilling program to look for an extension of a mineralized zone that yielded 59.3 ft. of g…