Westmin plans restructuring
In an effort to reduce its long-term debt and improve earnings, Westmin Resources (TSE) is planning another restructuring. Despite the sale of its oil and gas division in 1989, Westmin has more than $…
News
Morrison to earn in at Casa Berardi bets
Having staked 340 claims in Casa Berardi, Que. and optioned three properties further east in Douay Twp., Morrison Minerals (TSE) is attempting to benefit from any new discovery in the region. But sinc…
Cal Graphite split
Cal Graphite (VSE), operator of a graphite mine in the startup phase north of Huntsville, Ont., is proposing a 3-for-2 share split. Shareholders will vote on the proposed split June 12 in Vancouver. T…
Redstone acquiring royalty
Redstone Resources (TSE), an affiliate of royalty specialist Franco- Nevada Mining (TSE), recently agreed to acquire a 2% gross royalty interest in the Midwest uranium deposit in Saskatchewan for $3 m…
PRODUCER PRICES (May 14, 1990)
ALUMINUM: MW U.S. Market US71.25- 72.75 cents per lb. (May 3, 1990). ANTIMONY: New York dealer US82-84 cents per lb. (Apr. 19, 1990). BISMUTH: New York dealer US$4.20-4.30 per lb. (May 3, 1990). CADMI…
Spot prices at a glance (May 14, 1990)
Week’s Price (US) Change Gold* $369.70 — $0.80 Silver* $5.00 + $0.00 Platinum* $476.25 — $0.50 Nickel** $4.04 — $0.27 Lead** $0.37 + $0.01 Copper- $1.31 + $0.04 Zinc– $0.84 + $0.05 Courtesy of Sco…
GoldTech 4 at Reno
GoldTech 4, the fourth in a continuing series of gold technology meetings, will be held in Reno, Nev., Sept. 10-12. It is sponsored by the Society for Mining, Metallurgy, and Exploration. Topics inclu…
FUTURES PRICES (May 14, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) May 120.50 118.20 120.40 — 1.70 June 116.50 115.90 116.40 — 0.90 July 112.40 110.10 112.15 — 0.85 SILVER (in U…
Belmoral selling Roddy stake to unnamed west coast group
An attempt by Belmoral Mines (TSE) to restructure an $8-million debt load took a new turn recently when it agreed to sell its interest in Roddy Resources (TSE) to a Vancouver-based group of companies….
Platinum trophy
Some compete for gold and silver, and others for platinum. The best soccer player in the World Cup tournament taking place in Italy this year, as judged by readers of an Italian television magazine, w…
Beep Mat improves
The National Research Council of Canada has granted Instrumentation GDD $59,000 to continue research on the “Beep Mat,” an exploration tool used to detect metallic mineralization. Edwin Gaucher, the i…
Kingswood seeking partner in Quebec
Toronto-based Kingswood Explorations (ASE) says it is seeking a joint venture partner to continue exploration on its 404-claim gold property in Lanouillier and Gaudet twps., Que.