Metal Prices (December 11, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 5 Dec 4 Dec 1 Nov 30 Nov 29 Copper 1517-1519 1…
News
Letters to the Editor Westfield shareholders seek OSC review
We write to express, in some small degree, our collective anger, frustration and dismay at the appalling manner in which the mining assets of Westfield were recently appropriated by Northgate in a dea…
Giant slashes production costs
Third-quarter results of Giant Yellowknife Mines (TSE) indicate the gold producer is back on track after a period of fairly high production costs. Coincidentally, the company has been put up for sale …
FINANCING (December 11, 1989)
VANCOUVER Vista Res Co — 700,000 offered @ 35 cents per sh. Desert Gold — 600,000 offered @ 45 cents per sh. Mercantile Gold — opt exerc on 122,400 @ 55 cents per sh. Foresthill Res — 500,000 o…
BMR Gold drilling California property
A second-phase drilling program has been started by BMR Gold (ASE) to further delineate gold zones on its America Mine property held jointly with Fisher-Watt Gold in California. The 2,000-acre propert…
Placer Dome eyes gold project in Tanzania
An advanced gold project in northern Tanzania, East Africa, has caught the eye of Placer Dome (Kahama), a wholly owned subsidiary of Placer Dome (TSE). The Placer Dome subsidiary recently signed an ag…
North American Metals finds financing
In order to cover further budget overruns at the 50% owned Golden Bear mine, North American Metals (VSE) has entered a financing agreement with Homestake Mining (NYSE), its principal shareholder. The …
Where does this leave Asamera shareholders?
The proposed purchase of substantially all the assets of Asamera Minerals (TSE) by Corona Corp. (TSE) in exchange for 10 million shares of Corona appears to have left minority shareholders out in the …
Correction (December 11, 1989)
A tailings treatment project of Giant Yellowknife Mines (TSE) identified (N.M., Dec 4/89) as being in Timmins, Ont., and operating at a breakeven level during the first nine months of 1989 was incorre…
Colony Pacific gets approvals for underground work
The proposed underground exploration program at the Blue Moon project owned 100% by Colony Pacific Explorations (TSE) was recently approved by all the required government agencies. The wait for enviro…
VSE orders new study for Calpine/Prime merger
The Vancouver Stock Exchange has requested officials of Prime Resources (VSE) and Calpine Resources (VSE) to provide shareholders with a new valuation opinion for the proposed merger between the two c…
Asarco earnings rise
Third-quarter net earnings of $52.7 million(US) were reported by Asarco Inc. (NYSE), a 14% increase over restated earnings of $46.2 million for the same period in 1988. Earnings per share amounted to …