LAC closes office
LAC Minerals (TSE) will close its exploration office in Kirkland Lake, Ont., on April 15, affecting 12 employees. At least four of them will be offered relocation within the company. LAC’s operations …
News
Gold, oil interests pay off at Horsham
Investments in gold and oil production appear to have paid off handsomely for Toronto-based Horsham (TSE). Horsham, which controls American Barrick Resources (TSE), says net earnings in 1989 increased…
Revenue Canada’s treatment of farm-ins not about to change
In the latter part of 1989, some uncertainty arose about the status of Revenue Canada’s treatment of farm-ins, evidently because a district taxation office in Western Canada veered somewhat from its t…
Metals Week’s conference
Metals Week’s annual ferroalloys conference will be held in Tucson, Ariz., Oct. 25-26. Speakers will review the new harsh realities of the metals market. Contact Maryann Whalen, Metals Week, 42/F, 122…
Results fall short of expectations, Aur says deposit not `pinched
High-grade intersections that fuelled the rapid rise in the price of Aur Resources (TSE) and Societe Miniere Louvem (TSE) shares in mid-1989 failed to materialize among the latest batch of Louvicourt …
Queenston expects royalties from Kirkland Lake to increase
Queenston Mining (TSE) is anticipates rising royalty revenues from its Kirkland Lake properties adjoining the Macassa mine on the west where LAC Minerals (TSE) is stepping up deep exploration and deve…
PRODUCER PRICES (March 05, 1990)
ALUMINUM: MW U.S. Market US65.00- 67.00cents per lb. (Feb. 15, 1990). ANTIMONY: New York dealer US84-86cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CADM…
Improving maintenance costs could save industry billions
Reducing the cost of maintaining underground mining equipment could save the mining industry billions of dollars a year, says Dr. W.R (Bob) Dengler, who heads a prominent mine contracting company. Den…
Coral and Amex cut deal
An agreement has been finalized for the development of the Robertson gold property owned by Coral Gold (TSE). Under the agreement, Amax Gold (NYSE) can earn a 70% interest in the property by spending …
Gold funds as of Feb. 27
MVP BGR Central Capital Net value $12.54% –$6.49% $0.43 Price $11.00% –$6.625% $0.37 Discount 12.28% 2.1%5 –14% Value $74,634,533 $109,330,469 N/A…
FUTURES PRICES (March 05, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in UScents per lb.) Mar113.75 111.50 111.90 1.10 Apr110.50 108.80 108.90 1.35 May107.40 105.80 106.75 SILVER (in UScents per oz.) Mar5…
Franco-Nevada to issue half a million warrants
Toronto-based Franco-Nevada Mining (TSE) says it has agreed to issue 500,000 special warrants at $20.75 each. First Marathon Securities and Gordon Capital Corp. have agreed to purchase the special war…