Breakwater acquires American Pacific
At a special meeting in early March, shareholders of American Pacific Mining (TSE) approved an agreement that has resulted in the company amalgamating with a wholly owned subsidiary of Breakwater Reso…
News
Cheni completes purchase of Energex claims
The Al claims in the Toodoggone district of north- central British Columbia are now owned 100% by Cheni Gold Mines (TSE) which also owns and operates the nearby Lawyers gold-silver mine. The Al claims…
South Atlantic completes financing
Production financing has been finalized for the Oracle Ridge project owned by South Atlantic Ventures (VSE). Total funding for the project is estimated at US$6 million for mill construction plus US$1 …
Cominco Resources earmarks $2.5 million for Turkey in ”90
The largely untapped mineral resources of Turkey are providing Cominco Resources International (TSE) with an important new exploration focus. Cominco, active in the country since the doors were opened…
Amax earnings down but still strong
While a shift in emphasis to aluminum from molybdenum production continues to pay off for New York-based resource giant Amax (TSE), the company’s earnings were down from last year’s record levels. Ama…
Tight global supplies send price of lead spiralling in London
The spot price of lead on the London Metal Exchange (LME) recently surged to US55 cents per lb. in response to tight metal supplies around the world. Production disruptions and low stocks on the LME h…
Alberta Stock Exchange Naxos gains 70 cents
News that Naxos Resources is acquiring an 80% interest in some placer gold properties on Thibert Creek near Dease Lake, B.C., for $725,000 helped boost that company’s share price by 70 cents to close …
Barrick loses round in fight with Gold Standard for mine
American Barrick Resources (TSE) appears to have lost a round in its legal battle with Utah-based Gold Standard (NASDAQ) because it didn’t file response papers on time with New York Supreme Court last…
Montreal Exchange Spirit Lake drilling
The declining price of gold seemed to have little or no effect on resource issues during the week ended March 20. Moving the other way, the exchange’s mining and minerals index jumped almost 56 points…
Bulk sample for Can-Mac
Owners of the Mon gold project at Discovery Lake, N.W.T., are encouraged by exploration results to date. Can-Mac Exploration (VSE), in the midst of a drilling program, is awaiting the results of a rec…
Bow Valley generates earnings of $25.7 million during 1989
Bow Valley Industries (TSE), the Calgary-based oil and gas company which is developing a high- grade uranium project in Saskatchewan with Denison Mines (TSE), had a profitable year in 1989. Net income…
PRODUCER PRICES (March 26, 1990)
ALUMINUM: MW U.S. Market US68.50- 70.50 cents per lb. (Mar. 8, 1990). ANTIMONY: New York dealer US84-86 cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CAD…