Mahogany set to buy 33% of Columbia Gold
Vancouver-based International Mahogany (TSE) has agreed to acquire a 33% initial stake in Columbia Gold Mines (VSE) through a private placement deal. Under an agreement, Mahogany is acquiring one mill…
News
Scotia Prime teams up with Phelps on Nova Scotia holdings
Halifax-based Scotia Prime Minerals (ASE) and Phelps Dodge of Canada, a unit of major copper producer Phelps Dodge (NYSE), have teamed up to explore three base metal properties in Nova Scotia. Under a…
U.S.REPORT Best grades yet at Great Lakes project
Great Lakes Minerals (TSE) has just received the best assays yet from their copper project on the Keeweenaw Peninsula in northern Michigan. Hole 9, drilled on the 543-S deposit, intersected 41.7 ft. g…
Central Crude plans $7.7 million financing
Through two private placements totalling 700,000 units, Central Crude (TSE) expects to raise $7.7 million for continued exploration on its Eagle River and Moss Lake gold properties in northern Ontario…
Treminco reports successful year even though small loss was taken
Although Treminco Resources (TSE) reported a net loss of $70,000 for the year ended July 31, cash flow was $1.61 million. This compares with net income of $317,000 and cash flow of $1.96 million in 19…
People PACIFIC GOLD (December 17, 1990)
Dale Scholz appointed chairman of the board and director succeeding W. Danke who resigned; Terry Holland and Norm Tribe appointed directors succeeding G. Carlson and R. Handfield who resigned.
Integrated unit sale
Edmonton-based Integrated Resources says it raised $339,560 from a unit offering which closed last month. Each unit consisted of 2,000 shares comprising 1,600 flow-through shares and 400 common shares…
AMC/NCA to improve communication skills
A national mining industry communications workshop will be held at the Westin-Tabor Center in Denver, Colo., March 5-7. The workshop is sponsored by The American Mining Congress and the National Coal …
Mining courses at U of Nevada
A series of short courses on mining will be given at the University of Nevada, Reno, during the Spring of 1991. It is designed to provide information on some of the industry’s latest technological dev…
Metal Prices FUTURES PRICES (December 17, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec 110.00 109.00 109.70 — 3.25 Jan 109.55 108.90 109.50 — 1.00 Feb 109.30 108.50 109.30 0.10 SILVER (in US cen…
New FMC operation for sodium cyanide
Production of sodium cyanide at a new Wyoming plant was started up by FMC Corp. in November. Size of the Chicago company’s plant is 60 million lb. of the product per year. Cyanide is used in the milli…
Company to provide ore-testing service
A new ore-testing business, Applied Ore Testing Inc., opened its doors Nov. 1 at Oakville, Ont., just west of Toronto. The operation consists of a metallurgical laboratory and pilot plant. President J…