Witte bounces back with Royal Oak Res.
A mere two months after she was squeezed out of the $150-million Colomac gold project, Margaret (Peggy) Witte is back in the mining business again. Undaunted by losing the huge Northwest Territories p…
News
Metal Prices (July 31, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 25 July 24 July 21 July 20 July 19 Copper 1588.50-…
Black Cliff looks south for Costa Rican gold
Black Cliff Mines (TSE) has joined the growing number of companies that are searching for gold in South and Central America. The company recently announced that it has signed a letter of intent to gai…
Queries Cons Gilles Lake shares are worth $800
I understand that you are able to advise on the current status of “old” mining companies. I have a stock certificate dated June 8, 1954 for 1,000 shares of Consolidated Gillies Lake Mines. I would app…
Sikaman sells equity in Ghanaian gold project
Sikaman Gold Resources (TSE) has sold a 25% equity interest in the Bogosu gold project in Ghana to its joint venture partner, Billiton BV for $5.1 million. Billiton now holds 65.5% interest and Sikama…
Report calls for shaft on Fontana claims
A $5.86-million shaft sinking program is justified on the Fontana property near Amos, Que., says a report compiled for partners Bay Resources and Services (ASE) (37.5%), Stratmin Inc. (ME) (37.5%) and…
Editorial Mixed review for B.C. minerals tax
Amendments to the new Mineral Tax Act which were introduced to the Legislature in British Columbia, are being greeted with mixed feelings by the Mining Association of B.C. (MABC). To no one’s surprise…
Plexus’ Rawhide project to produce in April ’90
Gold production at the Rawhide project north of Reno, Nev., will begin by next April now that a 2-year property ownership dispute has been settled. Plexus Resources Corp. (TSE), which holds a 24.01% i…
Montreal Exchange Wrightbar draws interest
After cresting at $8.75 early in the week, Societe Miniere Louvem ended the report period at $5.88 on 1.3 million shares of trading. Interest in Louvem increased last week on speculation of new drill …
Thorco planning to benefit from McLeod’s mining smarts
Management at Toronto-based Thorco Resources is hoping that a new association with metallurgist Dennis McLeod will have a significant impact on some of the company’s European and South African project…
Metal Prices PRODUCER PRICES (July 31, 1989)
ALUMINUM: MW U.S. Market US83.55 cents – 77.25 cents per lb. (July 13, 1989). ANTIMONY: New York dealer 98 cents -$1.00(US) per lb. (June 22, 1989). BISMUTH: New York dealer $5.65-$5.85(US) per lb. (J…
Flow-through funding off by 75% this year
The amount of venture capital raised for mineral exploration using flow-through shares has plummeted nearly 75% in the first six months of this year, says the Prospectors & Developers Association of C…