PRODUCER PRICES (September 10, 1990)
ALUMINUM: MW U.S. Market US81.00- 83.00 cents per lb. (Aug. 30, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$2.95-3.00 per lb. (Aug. 30, 1990). C…
News
Toronto Stock Exchange Placer Dome offering $262m to buy Mt.
The price of gold bullion remained relatively stable during the week ended Sept. 4 as tensions in the Middle East appeared to have eased somewhat with the release of Western women and children held ho…
Dredging problems hamper Osborne bet
Bermuda-based gold producer Osborne and Chappel Goldfields (TSE) has earned a small profit from its 50% owned Los Lilenes bucket- dredging project in Ecuador. Osborne and Chappel reported a profit of …
Offerings would reduce holdings of Hanson in Newmont Mining
The major shareholder of Newmont Mining (NYSE) plans to reduce its holdings in the giant mining corporation. English firm Hanson, which through an affiliate owns 49% of Newmont, would lower its intere…
Amax Gold says Canamax sale to parent Amax is non-event
A spokesman for Amax Gold (TSE) recently described the Colorado company’s recent decision to sell its 44% stake in Canamax Resources (TSE) to parent Amax (TSE) as “a non-event.” The sale of 10.4 milli…
Cheni cuts down Lawyers’ reserves
This summer’s exploration program on the Lawyers property, owned by Cheni Gold Mines (TSE), has proved disappointing for the junior gold producer. The 100% owned Lawyers Mine is in the Toodoggone regi…
Timmins Nickel hits on Langmuir property
Recent drilling by Timmins Nickel (TSE) on the Langmuir No. 1 deposit, four miles east of the company’s Redstone mine, has intersected 3.44% nickel over a true width of 40 ft. The intersection came fr…
Hemlo offers $9 million for Magnacon mill
Cash-rich Hemlo Gold Mines (TSE) has dug into its deep pocket with a $9-million offer to Flanagan McAdam Resources (TSE) and Muscocho Explorations (TSE) for their interests in the mill and surface fac…
Results from Rendell-Jackman do little to increase reserves
Recent results from Major General Resources’ Rendell-Jackman property in Newfoundland suggest that the Hammer Down gold zone may be pinching out to the east. While probing strike extensions of the zon…
Granges reports loss of $972,000
For the three months ended June 30, Granges (TSE) reported a loss of $972,000 versus a loss of $1.07 million in the second quarter, 1989. The company reported that earnings from mining operations for …
U.S.REPORT NEWS IN BRIEF
.U.S. Grant Gold Mining Co. Ltd. (USG:VSE) has changed its name to Atrium Resources Ltd. (ATM:VSE) on a 1-new-for-7-old- share basis. Transfer agent is Central Guaranty Trust.
OBITUARY (September 10, 1990)
George Webber, longtime employee of the Hollinger gold mine in Timmins, Ont., died recently in Georgetown, Ont. He was 89. Born in London, England, he came to Canada in the early 1920s. Webber initial…