Nerco buys interest in Black Swan Gold
Nerco Inc. (NYSE) has completed the purchase of a 19% interest in Black Swan Gold Mines (VSE). The private placement, which was done through a subsidiary, Nerco Minerals Canada, involved the purchase …
News
Mobrun results make Audrey ripe for Northgate takeover
Toronto-based Northgate Exploration (TSE) has been so impressed with an exploration and development program at Audrey Resources’ (TSE) Mobrun mine near Rouyn-Noranda, Que., that it wants to increase i…
B.C. miners dig deep for children’s hospital
More than $280,000 was raised for the Vancouver Children’s Hospital recently by the British Columbia mining community. Entitled “Mining for Miracles,” the campaign involved the efforts of mining compa…
Metal Prices PRODUCER PRICES (July 10, 1989)
ALUMINUM: MW U.S. Market 87.50 cents – 90.00 cents per lb. (June 15, 1989). ANTIMONY: New York dealer 98 cents -$1.00(US) per lb. (June 22, 1989). BISMUTH: New York dealer $6.00-$6.10(US) per lb. (Jun…
Falling metal prices hurt commodity index (July 10, 1989)
Metal prices continue to fall, dragging Scotiabank’s monthly all- commodity price index with them. The index was down by 1.1% in May compared with April. Bank economist Patricia Mohr says the decline …
New zone possible at Dolphin bet
A potential new gold zone at the Cape Ray gold property in southwestern Newfoundland has been announced by Dolphin Explorations (TSE). The new quartz vein discovery occurs on the northeast shore of Bi…
Marshall completes deal with Eden Roc
Marshall Minerals (ASE) reports it has raised an additional $3.15 million by means of a private placement to a European institutional investor of 1.5 million common shares at $2.10 per share. A portio…
Elders IXL of Australia announces TSE listing
Australian giant Elders IXL Ltd. has been granted a listing on The Toronto Stock Exchange of 2.5 billion American Depositary Shares. A total of 1.4 million shares are issued and outstanding while the …
Geological Association to meet in Vancouver
The Geological Association of Canada will hold its 1990 annual meeting in Vancouver on May 16-18. Miners will be especially interested in three conferences: Acid mine drainage — designing for closure…
Kilborn awarded Fort Cady contract
A contract for project management, engineering, procurement and construction management services for the Fort Cady boric acid project in California has been awarded to Kilborn International of Toronto…
Pioneer gold loan from Pegasus
A $3.1-million working capital loan has been arranged by Pioneer Metals Corp. (TSE) with its major shareholder Pegasus Gold (TSE). The funds will be used for general corporate purposes and for operati…
Corona buys 7% of Bondf, has option on another 20%
Major North American gold producer Corona Corp. (TSE) has expanded its international horizons by purchasing a 7% equity interest in Bond International Gold (TSE) for about $30 million(US). Australia-b…