Barrick, Messeguay sign Launay option
The Quebec subsidiary of American Barrick Resources (TSE) recently signed an agreement allowing it to earn a 75% stake on four of Messeguay Mines’ (ME) Launay-Privat gold claims. Situated 30 miles nor…
News
U.S. REPORT Amax earnings edge up
A jump in gold production helped Amax Gold (NYSE) report an increase in third- quarter earnings to US$10.6 million from US$10.1 million in the same quarter of 1989. Revenue for the three months ended …
Akiko-Lori in share exchange
Two undisclosed shareholders of Omega Gold (VSE) plan to exchange 331,250 escrow shares and 427,000 common shares of the company for 223,015 shares of Akiko-Lori Gold (VSE). Omega Gold has an extensiv…
Hebert expects buyer to emerge for Audrey
A document containing details of the Mobrun polymetallic mine feasibility study, completed recently by Audrey Resources (TSE) and Minnova (TSE), has been delivered to about 20 companies. Audrey Presid…
Northern Minerals to focus on Gordon Lake gold property
The directors of Northern Minerals (TSE) are recommending that their shareholders accept a recent offer to amalgamate with Capilano International, a private geophysical contractor with annual revenue …
U.S. REPORT Hecla shows substantial improvement
With earnings of US$7.1 million for the first nine months of this year, Hecla Mining (NYSE) is showing an improved performance over the comparable 1989 period when it reported a loss of US$9.2 million…
GOLD FUNDS (December 24, 1990)
MVP BGR Central Capital Net value $9.38 $5.39 $0.26 Price $8.25 $4.850 $0.13 Discount 12.05% 10.0% 50.0% Value $55,826,331 $81,597,855 N/A…
Metal Prices FREE MARKET (December 24, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date December 18 December 17 December 14 December 13 December 12 Copper 1288-1289 1294-12…
INSIDER TRADING Royal Oak’s Witte holds three million
Royal Oak Resources (TSE) President Margaret Witte is strongly positioned to benefit from cost- cutting measures at the Pamour Group of companies, acquired recently by Royal Oak. Figures released by t…
Timmins nickel has good quarter
Record production from Timmins Nickel’s (TSE) 51% owned Redstone nickel mine near Timmins, Ont., added up to a profitable second quarter for the Toronto- based company. Timmins Nickel reported net inc…
PEOPLE CROWN RESOURCES
Christopher Herald appointed president.
Mimiska copper find
A new nickel-copper-platinum showing has been discovered by Societe Miniere Mimiska (ME) on its recently optioned Contact Bay property near Dryden, Ont. Mimiska can earn a 100% interest in the claims …