Gold King eyeing production at Adelaide
Denver- based Gold King Consolidated (NASDAQ) plans to be in production within the first half of 1990 at the recently acquired Adelaide Crown open pit gold mine in Humboldt Cty., Nev. The mining lease…
1990
Individuals leave lasting impression on mining’s map
It’s easy to forget that the multi million-dollar industry runs as much on people as it does on mines and stocks. In 1989, some in the business made millions while others lost all. Murray Pezim, for o…
Editorial Jan 8, 1990 An old view on free trade
Henry George, an ardent American proponent of free trade 100 years age, made these comments which still hold meaning today: It might be in the interest of lighting companies to restrict the number a…
Fleck extension
Euralba Mining, an Australian company, has been granted an extension on an option agreement by Fleck Resources (VSE). Under the terms of their new agreement, Euralba has the right to exercise its righ…
Shareholders get top dollar as Falconbridge sale unfolds
It was no secret that Alf Powis and Noranda Inc. (TSE) wanted Falconbridge Ltd. Noranda had been foiled once before in a takeover bid for the free world’s second largest nickel producer and its lucrat…
Gold slump hurts Yukon, base metals activity up
A swing back to base metals and a renewed interest in copper highlighted the past year’s mineral exploration season despite a significant downturn, a federal geologist told the annual Geoscience Forum…
Hecla, Mispec deal
Hecla Mining has acquired an option on the Cape Spencer, N.B., gold property owned by Mispec Resources (ME). Under the terms of their agreement, Hecla has the right to earn a 51% interest in the claim…
Montreal Exchange Wrightbar advances
The Christmas holiday may have shortened the trading week to three days, but the news was mostly cheery. The metals and minerals index closed up 18.6 points, while the general market portfolio index m…
Gold funds as of Dec 27
MVP BGR Central Capital Net value $12.39 $6.43 $0.50 Price $10.875 $6.50 $0.35 Discount 12.23% 1.1% 30% Value $73,775,115 $109,357,95…
News in Brief (January 01, 1990)
Pegasus Gold (TSE) has declared a 10 cents (US) dividend on its common shares payable Jan 5 to shareholders of record Dec 22.
New B.C. mining tax laws take effect
New streamlined and updated mining tax laws for British Columbia mines will take effect in January, 1990, Mines Minister Jack Davis recently announced. “This simplifies administration, encourages inve…
Hard times for Hardrock during funding search
Toronto-based junior Hardrock Extension (TSE) says it is “exploring all avenues” to raise funds for exploration work on its gold property near Geraldton, Ont. An underground exploration program was pl…