Claim sales net B.C. more than $280,00
Three mineral claim sales held in Nelson, Smithers and Vancouver netted the British Columbia government more than $280,000. Mines Minister Jack Davis said the mineral claims up for sale had reverted o…
News
Major General pays $12 million for Umex package
In return for 32 Canadian properties and associated assets, Major General Resources (VSE) will pay over $11.7 million to Umex, a unit of Union Miniere of Belgium, but only $250,000 will be in cash. Of…
Barrick gold output at quarterly record
Record gold production, earnings and cash flow were reported by American Barrick Resources (TSE) for the first quarter of 1990. Net income increased to US$13.1 million (10 cents per share) on a fully …
Hardrock, Geraldton, Ferau joint ventures
Three separate joint venture agreements have been completed by Hardrock Extension (TSE), Geraldton Longlac Gold (COATS) and Ferau Resources (COATS). In the first agreement, Hardrock’s 17.5% interest i…
U.S. Report Struggling Bunker Hill reports loss for 1989
Despite strong base metal prices, Bunker Hill Mining (TSE) continues to struggle with losses at its lead-zinc-silver mine near Kellogg, Idaho. The company reported a 1989 loss of US$906,743 on revenue…
Ojibway staking
Ressources Ojibway (ME) reports the staking of 17 claims in Leonard Twp. in the Timiskaming area of northeastern Ontario. Mineralization containing silver, cobalt and nickel has in the past been ident…
IOCC GOLD OPTIONS (April 23, 1990)
Total volume for the week was 1,015 contracts; total open interest at the close was 30,559 contracts.
Gold funds as of Apr. 17
MVP BGR Central Capital Net value $11.59% %$5.87% $0.39% Price $10.50% %$5.875% $0.23% Discount 9.40% %0.1% 41.0% Value $69,013,966 $98,842,763 N/A…
Correction (April 23, 1990)
A preliminary reserve estimate of 800,000 tons grading 0.177 oz. gold (uncut) and 12.63 oz. silver is reported by Biron Bay Resources (ASE) for the company’s Summit gold project in New Mexico. Incorre…
Gold Commissioner upholds claim to Eskay area property
Ken McKenzie, the mysterious interloper into the Eskay Creek gold camp north of Stewart, B.C., has won a partial victory in his bid to secure ownership of highly prospective claims located adjacent to…
Toronto Stock Exchange Indices (April 23, 1990)
Apr. 17 Apr. 16 Apr. 13 Apr. 12 Apr. 11 HIGH LOW Composite “300” 3513.30 3549.29 Holiday 3561.12 3565.77 4009.47 3513.30 Metals & Minerals 2985.22 3029.46 Holiday 3061.61 3092.75 3453.05 2921.03 Integ…
Cominco, Normetal, La Sarre strike exploration agreement
An exploration financing agreement has been finalized between Cominco (TSE) and two Quebec juniors Normetal Mining Exploration (ME) and La Sarre Mining Exploration (ME). The 3-year exploration agreeme…