U.S. Gold Corp. wins control of Atlanta Gold
In a dispute taken to the Supreme Court of British Columbia, U.S. Gold Corp. (NASDAQ) has emerged with a ruling allowing it to effect a change in control of Atlanta Gold Corp. (TSE). The company succe…
News
Premier Gold mill at design capacity
Project operator Westmin Resources (TSE) has reached the design capacity of 2,000 tonnes per day at the Premier Gold mine near Stewart, B.C. The new open pit gold-silver mine is owned 50.1% by Westmin…
Canadian gold mines keeping costs down
In terms of cash operating costs per oz, many Canadian gold mining companies still rank among the lowest cost producers in the non- communist world. According to Consolidated Goldfields’ Gold 1989 pub…
Homestake’s gold output up by 27%
Second-quarter earnings for Homestake Mining Co. (NYSE) increased 9% to $20.9 million (or 22 cents a share) from $19.2 million (or 19 cents a share) in the same period last year. The gain reflects a…
Alberta Stock Exchange New Texmont rises
Results from the Tully Twp. gold property near Timmins, Ont., drove up the prices of at least three of the Alberta companies who are participating in the project. However, even though project operator…
Hixon Gold enters Sask. diamond hunt
Calgary-based Hixon Gold Resources (VSE) has entered into an agreement with Waddy Lake Resources (TSE) and Shane Resources (VSE) to option claims near the Prince Albert, Sask., diamond claims. Hixon c…
People (July 31, 1989)
COMMODITY EXCHANGE INC. (COMEX) — Arnold F. Staloff appointed president and chief executive officer succeeding Alan J. Brody who has resigned.
Teck setting stage for possible Aur takeover
Teck Corp. (TSE) and Vancouver-based Cominco Ltd. (TSE) have purchased 19% of the issued common shares of Aur Resources (TSE) for $35.47 million and secured a foothold in Aur’s massive sulphide discov…
Alberta refuses to lift Shabu cease trading order
Shares of Shabu Gold Mines (ASE) cannot resume trading on the Alberta Stock Exchange until officers of the company file a new prospectus, the Alberta Securities Commission has ruled. After a 3-day hea…
Spot prices at a glance (July 31, 1989)
Week’s Price(US) Change Gold* $371.50 –$ 8.00 Silver*$ 5.21 –$ 0.01 Platinum* $492.00 –$ 7.50 Nickel** $ 5.87 +$ 0.25 Lead** $ 0 .31 –$ 0.01 Copper $ 1…
NEVADA GOLDFIELDS
Alan R. Bell appointed president and a director succeeding both Robert F. Baldock, president, and Dr. Gerald D. Wright, director, who have resigned.
Magma makes deal for concentrates
A contract has been entered into by Magma Copper (AMEX) with Compania Minera de Cananea of Mexico City, Mex., for the purchase of about 154,000 tons copper concentrates during the first year of a mult…