PRODUCER PRICES (September 03, 1990)
ALUMINUM: MW U.S. Market US81.50- 82.50 cents per lb. (Aug. 23, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$2.95-3.05 per lb. (Aug. 16, 1990). C…
News
Toronto Stock Exchange Market quiet as Muscocho, Hemlo Gold table
After experiencing some major gyrations earlier this week, including the biggest 1-day decline since last October, the market settled back into a state of calm, today, Aug. 29. The composite 300 index…
GOLDFUNDS2 (September 03, 1990)
MVP BGR Central Capital Net value $11.17 $6.04 $0.31 Price $9.50 $5.750 $0.21 Discount 14.95% 4.8% 32.3% Value $66,511,470 $96,739,725 N/A…
PEOPLE HECLA MINING
Joe Coors Jr. elected to the board of directors, succeeding Norman Visnes who resigned.
PEOPLE HALASKA APPOLLO GOLD MINES
Paul Jones resigned as vice-president to resume his international consulting practice.
Decline into 21B zone on target at Eskay Creek
The underground exploration program at the Eskay Creek property owned jointly by Prime Resources Group (VSE) and Stikine Resources (VSE) is proceeding as planned, according to Prime. The primary objec…
Teck loses chance to buy Mexican mine
The Mexican government has sold the Canaea copper mine to a private Mexican/Belgium mining group for $475 million, eliminating Teck’s (TSE) chance to win a piece of the open pit operation. Teck, as pa…
U.S. REPORT Robertson results disappointing
The most recent progress report from Amax Gold (NYSE) on the Robertson project, near Lander cty., NV., owned by Coral Gold (TSE) appears to be somewhat disappointing, with Coral reporting that 10 of t…
U.S. REPORT Aspen option deal
Denver-based Aspen Exploration (NASDAQ) and Great Basin Exploration of Reno, Nev., have signed an agreement to continue exploration work on the Nome gold joint venture near Nome, Alaska. Aspen is oper…
Corona buys stake in potential zinc mine
By increasing its stake in Conroy Petroleum and Natural Resources to 27.6%, Corona (TSE) is gaining a position in what could be a major lead-zinc producer. Conroy is developing a large, shallow, lead-…
U.S. REPORT Piedmont sets records
Records for both production and earnings were set by Piedmont Mining (NASDAQ) for the first half of 1990. Net income for the six months ended June 30 was US$642,000, or US$0.04 per share on revenue of…
Metall sees lower earnings despite production increase
Despite a 7% production increase at its Copper Range copper mine in Michigan, Metall Mining (TSE) has been hit financially by some of the same factors that affected earnings reported recently by its V…