New LME chairman
The London Metal Exchange (LME) has a new chairman. John Wolff, currently vice-chairman of the commodities exchange and one of its committee members from 1979 on, was recently elected to the position….
News
Insider Trading Black Hawk board granted options
The entire board of Toronto- based Black Hawk Mining (TSE) has been positioning itself to take advantage of any developments relating to the company’s U.S. and Canadian nickel projects. According to t…
U.S. REPORT Formation acquires Oregon property
Exploration work by Formation Capital (VSE) on recently acquired ground in eastern Oregon has the company optimistic the property has potential for a bulk tonnage, precious metal deposit that may be a…
Deak Res. obtains financing from Ontario’s heritage fund
The Northern Ontario Heritage Fund has approved a request by Deak Resources (TSE) for support by way of a loan facility for the company’s mining and milling operations at Virginiatown, Ont. Deak Presi…
U.S. REPORT Seine River to develop California gold mine
The results of a preliminary feasibility study on the newly acquired Lincoln project has management of Seine River Resources (VSE) optimistic the historic former producer can be developed into a moder…
American Mining Congress
The American Mining Congress (AMC) has recommended the adoption of specific provisions in the final U.S. clean air bill to “preserve a viable domestic mining industry.” The provisions, submitted to th…
GOLD FUNDS (August 20, 1990)
MVP BGR Central Capital Net value $10.95 $5.72 $0.33 Price $9.625 $5.875 $0.19 Discount 1.21% 2.7% 42.4% Value $65,202,648 $98,842,763 N/A…
Alberta Stock Exchange Durvada moves ahead
Although gold slipped below US$400 per oz. after reaching US$406 earlier in the week, a number of Alberta issues benefited from a rally sparked by continuing tensions in the Middle East. During the we…
Eldorado facing pollution charges
Twenty-one charges have been laid against Eldorado Mines by the Quebec government relating to arsenic-contaminated soil at an abandoned mine near the small community of Duparquet, Que. Ten of the 21 c…
MinVen closing Blackdome mine
Mining operations at the Blackdome gold-silver mine west of Clinton, B.C., will be terminated during the fourth quarter, MinVen Gold (TSE) reports. The mine, which entered production in April, 1986, h…
Noranda employees accept Geco offer
Employees at Noranda Minerals’ Geco division at Manitouwadge, Ont., recently voted 79% in favor of ratifying a new 2-year labor contract. Under the terms of the agreement, wages paid out by the Norand…
COATS (over the counter) July value down 72%
Looking at the monthly statistics for the over-the-counter exchange, it is painfully clear that junior mining stocks have taken a beating over the past year. While volumes have remained relatively ste…