Falling metals prices drag commodity index
A sharp drop in metals prices in November contributed to a reduction of 1.3% in Scotiabank’s all- commodity price index for that month. Economist Patricia Mohr reported a 2.9% monthly drop in the meta…
News
Echo Bay swapping shares for mines in Muscocho deal
Equity interests in three associated companies are being traded by Echo Bay Mines (TSE) for partial ownership of two fairly new gold mines in the Wawa area of northern Ontario. The large North America…
Obituaries (January 08, 1990)
William Eplett, president of International Platinum and a director of Corona Corp., died Dec. 20. He was 56. Eplett graduated with honors in business administration from the University of Western Onta…
Giant Resources debt woes no problem for Golden Star
Debt problems currently being experienced by Giant Resources of Australia may prove to be a blessing in disguise for Edmonton zinc-silver producer Golden Star Resources (TSE). Giant Resources recently…
Contrary to magazine report, Barrick not using pontoons
Reports from Arizona that American Barrick Resources (TSE) is about to incorporate dredging equipment and pontoons into its Goldstrike mine development plan are inaccurate, a spokesman for the company…
Canamax renegotiates Amax loan agreement
Vancouver-based Canamax Resources (TSE) has renegotiated the terms under which it will repay the $7.3 million it owes to Colorado affiliate Amax Gold (TSE). At a special meeting in Toronto, shareholde…
Agnico-Eagle board declares dividend (January 08, 1990)
The board of directors of Toronto- based Agnico-Eagle Mines (TSE) recently declared a US10 cents per share dividend payable May 1, 1990, to shareholders of record April 3, 1990.
Renewed interest in base metals greets 1990s
Long-awaited signs of a significant renewal in the amount of base metal exploration activity in Canada have appeared just as a new decade gets under way. Senior and junior mining companies alike are p…
NEWMONT GOLD TABLE
Total Geologic Gold Reserves1 Reserves2 Thousands Oz. Oz. Oz. u4Deposits of tons per ton (thousands) (thousands)004 Gold Quarry/…
Effects of 1989 restructurings kick in as 1990 gets under way
As a new decade gets under way, it is certain that last year’s wave of mergers, acquisitions and corporate restructuring efforts will begin to take effect on a number of mining companies. The mining i…
Metal Prices PRODUCER PRICES (January 08, 1990)
ALUMINUM: MW U.S. Market US72.50 cents – 74.00 cents per lb. (Dec 21, 1989). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.40-$4.50(US) per lb. (D…
Dividends (January 08, 1990)
LAC Minerals (TSE) has declared a semi-annual dividend of 7 cents , an increase of 1 cents , on its common shares, payable Dec. 1 to shareholders of record Nov. 10.