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Previous: VITAFORT INTERNATIONAL CORP, PRE 14A, 2000-03-03 |
Next: BARRINGER LABORATORIES INC, 8-K, 2000-03-03 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
-------------------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 23, 1999
-------------------------
BARRINGER LABORATORIES, INC.
----------------------------------------------------
(Exact name of registrant as specified in its charter)
DELAWARE
--------------------------------------------
(State or other jurisdiction of incorporation)
1-8241 84-0951626
---------------------- -------------------------------
(Commission File Number) (IRS Employer Identification No.)
15000 West 6th Avenue, Suite 300, Golden CO 80401-5047
--------------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 303/277-1687
Not Applicable
-----------------------------------------------------------
(Former name or former address, if changed since last report)
1
<PAGE>
ITEM 5. OTHER EVENTS.
On September, 23, 1999, the Registrant, Barringer Laboratories, Inc.
("Barringer") entered into an Agency Agreement (the "Agreement") with
Inspectorate Griffith USA, Inc. ("Inspectorate"). A copy of the Agreement is
attached as Exhibit 10.3. All discussion in this report regarding the Agreement
is qualified by reference to Exhibit 10.3.
Under the Agreement, Barringer transferred all of its contracts and
customers relating to metals and minerals analytical services performed by
Barringer for customers in the metals and minerals mining industry. In
consideration for the transfer, Barringer will receive an amount equal to (a)
2.5% of all amounts received by Inspectorate under each contract or customer
transferred, or (b) 2.5% of the portion of all such amounts received by
Inspectorate pursuant to a relevant consortium or joint venture agreement in the
event that Inspectorate enters into a consortium or joint venture in relation to
the work to be performed under the contracts or customers transferred .
In addition to the transfer of contracts and customers, the Agreement also
grants Inspectorate the non-exclusive right to use Barringer's trademark, the
right to purchase at fair market value equipment owned by Barringer and used in
the performance of services provided under the contracts transferred, and the
right to offer employment to Barringer employees to assist in the performance by
Inspectorate of services provided under the contracts transferred. The Agreement
has a term of three (3) years and can be terminated for cause as defined in the
Agreement by either party upon giving thirty (30) days notice to the other
party.
Barringer, by essence of the Agreement, has discontinued providing metal
analytical services to the mineral exploration industry. Such action is
consistent with its commitment to emphasize its business of providing
environmental testing services.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
The following exhibits are filed herewith:
NAME OF EXHIBIT EXHIBIT NO.
Agency Agreement 10.3
2
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Dated: March 2, 2000
BARRINGER LABORATORIES, INC.
By: /s/ J. Graham Russell
-------------------------------
J. Graham Russell, President
3
AGENCY AGREEMENT
BETWEEN
INSPECTORATE GRIFFITH USA, INC.
AND
BARRINGER LABORATORIES, INC.
Monday, September 20, 1999
THROUGH
September 20, 2002
<PAGE>
TERMS OF AGREEMENT
The following terms apply to the agreement with Inspectorate, together with
Sections 1 through 4 that are attached:
Representative: Barringer Laboratories, Inc.
Address: 15000 West 6th Avenue, suite 300
Golden, Colorado, 80206
Telephone: (303) 277-1687
Tix:
Fax: (303 277-1689
Inspectorate: Inspectorate America Corporation
5050 Timber Creek
Houston, Texas 77017, USA
Telephone: (713) 948-5104
Tix: 170439
Fax: (713) 948-5174
Contracts The contracts that have been executed by the
Representative and listed in Exhibit A hereto, together
with such other contracts relating to analytical
services for the metals and minerals mining industry as
may from time to time be entered into by Inspectorate
as a result of a referral by the Representative.
Licensed Mark See Exhibit B
Work: Defined in Section 2.1
Form of Agreement: Section 1, General
Section 2, Work and Remuneration
Section 3, License
Section 4, Equipment and Employees
Contact: Andy Roberts -- Vice President Metals and Minerals
Division
Remuneration to
Representative: 2.5% commission on all payments received by
Inspectorate from clients pursuant to the Contracts.
Duration of Agreement: 3 years from Date of Signing
<PAGE>
SECTION 1
GENERAL TERMS
1.1 General Conditions
1.1.1. During the transfer of the Representative's contracts to
Inspectorate the Representative shall promote, maintain and
safeguard the interests of Inspectorate.
1.1.2. The Representative confirms that, for the duration of this
Agreement, it will not directly or indirectly, act for or hold
any interest in, any company or other entity which may be in
competition with Inspectorate within the metals and minerals
testing business.
1.1.3. The Representative shall fulfill its duties with such care,
diligence and skill as may be necessary to conduct business in a
professional manner.
1.1.4. Inspectorate shall provide such information including
publicity, marketing data, technical literature, operating
procedures and communication plans, as it considers necessary or
advisable for the Representative to be able to carry out the
Work.
1.1.5. The Representative shall treat all information (other than
public domain information), data and documentation relating to
Inspectorate or its affiliates as confidential and maintain such
information as confidential both during and after termination or
expiration of this Agreement. Following termination or expiration
of this Agreement all such information, data, equipment and
documentation (including copies) shall be returned to
Inspectorate forthwith.
1.1.6. This Agreement represents the entire agreement between the
parties and supersedes any previous agreement between them. Any
amendments to this Agreement must be in writing and signed by
duly authorized representatives of both parties.
1.2 Various Conditions
1.2.1. Inspectorate reserves the right to audit the financial and
technical books and data of the Representative, but such audit
will be restricted to those areas of the Representative's
business related to the Contracts.
1.2.2. Assignment - Neither party shall be entitled to transfer or
assign any or all of its rights under this Agreement without the
prior written consent of the other party.
<PAGE>
1.2.3. Force Majeure - No failure or omission by either party to carry
out or perform any of the terms or conditions of this Agreement
shall, except in relation to obligations to make payments
hereunder, give rise to any claim against the party in question
or be deemed a breach of this Agreement if, and to extent that,
such failure or omission arises from any cause foreseeable or
not, reasonably beyond the control of that party.
1.3 Communications
1.3.1. Details for any communication or notice to be sent under this
Agreement in respect of either party are set out in the Terms of
Agreement.
1.3.2. Such communications or notices shall be sent by prepaid
registered mail, fax or telex.
1.3.3. Any change to the details for communication or notice for one
party shall be notified to the other party without delay.
1.4 Duration and Provisions on Termination
1.4.1. This Agreement is valid for the period given in the Terms of
Agreement unless terminated in accordance with this Agreement or
with reason by either party by giving 30 (thirty) days' notice to
the other party. Reason means serious breach of the terms of this
Agreement, such as failure to pay monies owed, breach of the
license arrangements set out in Section 3, gross negligence, or
other matters of equal gravity. Failure of a party to give
written notice of any other breach of a term or condition hereof
shall not constitute a waiver thereof
1.4.2. Notice to terminate having been given by one of the parties,
Inspectorate shall set up a final statement listing all current
valid Contracts, work in progress and pending projects,
indicating the amount of commission to which the Representative
shall still be entitled.
1.4.3. The final statement shall cover Contracts that
- Shall have been awarded prior to the date of giving notice
and the services to be rendered shall have not been
completed at the date of expiration or termination of this
Agreement,
- Shall have been entered into following the date of giving
notice and prior to the date of expiration or termination of
this Agreement.
<PAGE>
1.4.4. The Representative shall confirm its Agreement with the final
statement within 30 (thirty) days after receipt. If such
confirmation shall not have been received by Inspectorate within
40 (forty) days of the date that the final statement shall have
been sent by Inspectorate, then the Representative will be
considered as having agreed with the final statement.
1.4.5. No additional commission shall be paid to the Representative
other than will be due in settlement of the final statement.
1.4.6. All documentation, equipment and unused stationery furnished by
Tnspectorate under this Agreement shall remain the property of
Inspectorate upon expiration or termination of the Agreement.
1.4.7. In the event of bankruptcy of either party this Agreement shall
automatically terminate.
1.5 Settlement of Disputes
1.5.1. Any disputes arising between the parties in connection with
this Agreement shall as far as reasonably practicable be settled
amicably between the parties.
1.5.2. If a serious attempt to settle shall fail to settle any
disputed point between the parties, then the dispute shall be
referred to a three member arbitration panel in Houston, Texas
which will proceed in accordance with the rules of the American
Arbitration Association.
1.5.3. This Agreement shall be governed by the laws of the State of
Texas, USA.
1.6 Conduct of Additional Work
1.6.1. In the event that The Representative shall receive inquiries
after the initial transfer of business he will respond quickly or
forward such inquiries to Inspectorate with a view to enabling
Inspectorate to secure additional analytical test work.
1.7 Indemnification
1.7.1. The Representative shall indemnify and hold Inspectorate, each
of its affiliates and each of its or their directors and officers
harmless from any and all costs, claims, liabilities; expense and
loss, including attorneys fees and costs, (a) caused by any
breach by the Representative of this Agreement or (b) as a result
of any breach by the Representative of any the Contracts or any
acts or omissions of the Representative on or prior to the date
hereof This obligation shall survive the expiration or
termination of this Agreement.
<PAGE>
1.7.2. Inspectorate shall indemnify and hold the Representative, each
of its affiliates and each of its or their directors and officers
harmless from any and all costs, claims, liabilities, expense and
loss, including attorneys fees and costs, (a) caused by any
breach by Inspectorate of this Agreement or (b) as a result of
any breach by Inspectorate of any the Contracts or any acts or
omissions of Inspectorate after the date hereof. This obligation
shall survive the expiration or termination of this Agreement.
1.8 Warranties
1.8.1. The Representative warrants that it is not in default, or but
for a requirement that notice be given or that a period of time
elapse or both, would be in default, under any Contract and has
no knowledge of any default in any obligation to be performed by
any other party to any Contract.
1.8.2. Each party warrants that (a) it has all requisite corporate
power and authority to enter into this Agreement and perform its
obligations hereunder and (b) this Agreement constitutes the
legal, valid and binding obligation of that party enforceable in
accordance with its terms.
SECTION 2
WORK AND REMUNERATION
2.1 The Representative shall carry out the following (the "Work"):
2.1.1. Use its best endeavors to assign the Contracts to Inspectorate.
2.1.2. Provide all reasonable assistance to Inspectorate in order to
ensure the successful performance of any Contract assigned to
Inspectorate.
2.1.3. Indicate clearly in all correspondence and dealings relating
directly or indirectly to the Work that it is acting as
representative for Inspectorate. In no event, without the
previous written consent of Inspectorate, shall the
Representative enter into contracts, accept orders or otherwise
purpose to commit or pledge the authority of Inspectorate or give
any promises, warranties or guarantees on behalf of Inspectorate.
2.1.4. The Representative shall not accept any form of payment in cash
or kind from the other parties to the Contracts without the
previous written consent of Inspectorate. Any such payment
received by the Representative shall be promptly forwarded to
Inspectorate.
<PAGE>
2.2 Remuneration
2.2.1. In consideration for carrying out the Work, the Representative
shall be entitled to a commission from Inspectorate based upon
payments received by Inspectorate pursuant to the Contracts. The
conimission is as set out in the Terms of Agreement.
2.2.2. In the event of Inspectorate joining a non-related third party
consortium or a joint venture, the Representative shall receive
commission calculated only on that portion of the remuneration
which will be received by Inspectorate pursuant to the relevant
consortium or joint venture agreement.
2.3 Payments of Remuneration
2.3.1. Remuneration to the Representative shall only become payable
upon receipt of the payment by Inspectorate under the relevant
Contract. Remuneration shall be paid to the Representative within
15 days from such receipt.
2.3.2. Inspectorate shall furnish the Representative with a quarterly
statement covering the invoices issued, payments received and
remunerations earned in the preceding three months.
2.4 Expenses
2.4.1. The Representative shall bear all expenses involved in
connection with its activities unless and until a different
arrangement is made between the parties for any specific case.
SECTION 3
LICENSE
3.1 The Representative grants Inspectorate the non-exclusive right to use the
Licensed Mark for promotional marketing and sales activity in connection
with Inspectorate's efforts to secure the Contracts.
3.2 The grant of the trademark license under this Agreement is unique to
Inspectorate, and may not be transferred, assigned or pledged in whole or
in part by Inspectorate, and Inspectorate shall not have the right to grant
any sublicenses in connection with the Licensed Mark to any third party
other than an affiliate of Inspectorate.
<PAGE>
3.3 Upon termination of this Agreement, Inspectorate shall immediately
discontinue all use of the Licensed Mark, and any term confusingly similar
thereto, shall destroy all printed materials bearing the Licensed Mark, and
shall take such other actions as shall be necessary or advisable to ensure
that all rights in the Licensed Mark and the goodwill connected with it
shall remain the property of the Representative.
SECTION 4
EQUIPMENT AND EMPLOYEES
4.1 Inspectorate may purchase from the Representative any equipment owned by
the Representative to assist in Inspectorate's performance under the
Contracts. Any such purchase shall be on terms acceptable to both parties
and the price of such equipment shall be its fair market value.
4.2 Inspectorate may offer employment to any employees of the Representative to
assist Inspectorate in its performance under any Contract.
Signatories:
Inspectorate America Corporation Barringer Laboratories, Inc.
By: /s/ Andrew Roberts By: /s/ J. Graham Russell
------------------------------ ------------------------------------
Name: Andrew Roberts Name: J. Graham Russell
Title: Vice President Title: President
Date: 9/29/99 Date: 9/23/99
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
1998
1998 January February March April May June
---- ------- -------- ----- ----- --- ----
<S> <C> <C> <C> <C> <C> <C>
Central Am
La Libertad 75086.24 93036.68 104319.36 134553.60 63440.80 84223.12
Greenstone Misc.
Honduras 30764.12 47167.58 29143.10 22880.35 16682.00
Bonanza 20488.60 477.32 357.00 12344.16
Rosita 11003.04 22531.96 37520.16 7575.80
Focal Resources
Occidente
McClelland Hon. 27.85
--------- --------- --------- --------- --------- ---------
Monthly Total: 75086.24 123801.00 182978.58 188705.88 124226.26 188324.88
Columbia Corona 7666.40 11184.00 11122.00 11269.62 4884.84 4992.30
Metallo Res.
GoldPlata 7541.60
Gold Bullet
Sur America
Misc.
Goldfields S.A. 84.00 3235.80
Antioquia 84.00
--------- -------- --------- --------- -------- --------
Monthly Total: 7666.40 11288.00 11122.00 14606.42 4968.84 12833.90
Spain Rio 32335.85 28986.85 49327.44 58842.52 38704.37 37843.56
-------- -------- --------- --------- -------- --------
Monthly Total: 32335.85 28986.85 49327.44 58842.52 38704.37 37843.56
Peru Misc. Peru 7218.50 1477.47 1895.23 3252.06
Buena Ventura 3222.45 3178.49 180.63
Conga 270.00
Food Equipment 131.00
Consultant Serv. 19.20
Pan America
Magallanos
BHP-Tintaya
Auriterm 78.80
Nueva Condor
ASC 868.80
SGS 65.00
Sulliden 130.56
El Misti
Mineur
Yanacocha 5772.92 28408.44
Inversiones 16.61
Southern Peru 6328.89 3145.00
Tapados
Midras Minerals 61.83 108.84
-------- -------- --------- --------- -------- --------
Monthly Total: 10440.95 4885.96 1895.23 3252.06 13515.65 32069.57
Page 1(a)
<PAGE>
<CAPTION>
1998 July August September October November December Yearly Total
---- ---- ------ --------- ------- -------- -------- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
Central Am
La Libertad 50917.00 3761.44 15747.84 5028.28 610094.66
Greenstone Misc. 9875.00 2433.20 1538.48 13846.68
Honduras 48399.45 42770.00 14104.00 3115.00 255025.60
Bonanza 1025.44 2731.00 267.60 37691.12
Rosita 14352.80 2772.00 71.20 95826.76
Focal Resources 517.50 517.60
Occidente 0.00
McClelland Hon. 9.45 111.75 149.15
-------- -------- -------- --------- ------- -------- ----------
Monthly Total: 124579.14 54487.64 30708.14 5028.28 4653.48 111.75
----------
C.A. Total 1013151.37
Columbia Corona 1063.44 218.70 3869.82 3187.52 2219.80 1023.39 62701.83
Metallo Res. 740.50 740.50
GoldPlata 10049.50 12769.00 2343.80 8771.70 39475.60
Gold Bullet 1639.25 916.85 1108.85 3884.95
Sur America 4278.93 144.38 4423.31
Misc. 463.80 60.00 376.75 101.80 1215.30 2196.65
Goldfields S.A. 9319.80
Antioquia 65.20
-------- -------- -------- --------- -------- -------- ----------
Monthly Total: 12307.24 14878.95 7506.22 11153.27 8800.63 2383.07
----------
Col. Total 116891.84
Spain Rio 32471.46 19985.10 23405.99 21091.18 20282.87 19221.33 380488.62
-------- -------- -------- --------- -------- -------- ----------
Monthly Total: 32471.46 19985.10 23405.99 21091.18 20282.87 19221.33
----------
Spain Total 380488.62
Peru Misc. Peru 882.15 316.38 166.50 149.50 108.00 15245.77
Buena Ventura 8581.67
Conga 391.50 3764.70 1585.50 4749.50 6541.90 16303.10
Food Equipment 131.00
Consultant Serv. 19.20 38.40
Pan America 125.73 125.73
Magallanos 1477.26 1477.26
BHP-Tintaya 1512.15 1512.15
Auriterm 76.80
Nueva Condor 619.30 619.30
ASC 888.80
SGS 85.00
Sulliden 130.68
El Misti 207.36 207.36
Mineur 429.30 429.30
Yanacocha 23205.46 6056.28 8161.84 8709.33 4375.42 5895.75 88585.46
Inversiones 5.85 1112.40 1134.86
Southern Peru 1416.27 10513.18 4347.37 5085.12 2714.54 9579.18 43109.55
Tapados 0.00
Midras Minerals 10.57 498.73 57.00 19.95 757.02
-------- -------- -------- --------- -------- -------- ----------
Monthly Total: 28866.68 18896.39 18736.16 15087.80 11967.41 21016.83
----------
Peru Total 177398.88
</TABLE>
Page 1(b)
<PAGE>
<TABLE>
<CAPTION>
1998 January February March April May June
---- ------- -------- ----- ----- --- ----
<S> <C> <C> <C> <C> <C> <C>
U.S. Nv Land 450.45 1588.09
McClelland 1369.00 1290.75 406.75 4894.00 2522.35 3079.70
Newmont 2523.00 234.00 15.00 23.40
Barringer Co. 297.00
General Minerals
Echo Bay
MRDI
Dos Amigos
M K Gold 1261.98
Davonian 153.75 996.90
Homestake 584.76
Romanaco 133.64 1552.27 319.60 430.27
Battle Mtn. 4035.19 17.25 853.85
White Knight 3625.79 7407.57 18388.49
North Mining 78.92
CR Minerals 47.00
Mustang Gold 182.00 1452.80 189.00 187.74
Western States
Crown 303.88
Round Mtn. 6218.14 386.65 346.75
Montana Gold 728.80 711.13 3527.88
Campbell
Misc. 5182.52 950.83 1044.68 4086.46 89.35
Coeur 3476.80 21397.40
Nv. Gold
Luzenac 282.00
Riddle 93.00
Oro Nevada
GD Resource 30.00
Plum Mining
Sedi-Met 374.00
Volipka 67.50
Carrington 170.10
Fritz 80.00
Pioneer Group
Comidor 550.88
-------- -------- --------- --------- -------- ---------
Monthly Total: 25708.98 10340.99 3610.48 10798.48 30657.92 61871.76
Mexico
McClelland 5245.50 467.50 921.50 2188.00
Altiplano 988.65 1015.56 1132.74 126.22
Bolden 9805.55
Crown Mx. 4920.17 4781.45
Holmax
Gambior 4279.24 8044.27
Monarch 276.16 659.68 487.04 249.08
Avino 82.46 82.46 1381.29
Oroca 1304.32 1726.25 16517.24 13987.86 11002.11 21067.63
Page 2(a)
<PAGE>
<CAPTION>
1998 July August September October November December Yearly Total
---- ---- ------ --------- ------- -------- -------- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
U.S. Nv Land 1162.88 3304.26 6483.88
McClelland 1339.75 1161.40 1329.45 731.95 1997.00 2606.05 22724.15
Newmont 1255.50 3640.89 7891.79
Barringer Co. 57.60 3675.58 613.84 666.72 121.50 5432.22
General Minerals 1524.90 1624.80
Echo Bay 2895.12 5623.38 388.56 8905.04
MRDI 712.50 712.50
Dos Amigos 7359.30 -703.78 8856.52
M K Gold 1261.98
Davonian 1150.85
Homestake 584.76
Romanaco 2435.68
Battle Mtn. 12.76 38.25 4957.32
White Knight 5474.24 629.79 1116.57 12808.94 23295.82 14517.87 87105.18
North Mining 86.49 461.39 616.80
CR Minerals 14.90 1110.00 1171.80
Mustang Gold 1991.34
Western States 484.00 37.50 531.50
Crown 303.88
Round Mtn. 6991.54
Montana Gold 2893.44 1422.63 963.10 1544.26 11789.24
Campbell 2052.00 2052.00
Misc. 492.87 387.38 1909.88 1546.12 3341.04 871.46 19882.39
Coeur 13498.00 38372.20
Nv. Gold 1846.49 1899.54 3746.03
Luzenac 84.00 84.00 188.00 188.00 188.00 1034.00
Riddle 93.00
Oro Nevada 3702.36 301.88 4044.26
GD Resource 20.00 50.00
Plum Mining 2971.29 88.20 310.06 2789.55
Sedi-Met 247.20 821.20
Volipka 67.60
Carrington 170.10
Fritz 80.00
Pioneer Group 3462.56 3462.56
Comidor 112.12 663.00
-------- -------- --------- --------- -------- -------- ---------
Monthly Total: 31589.49 20123.86 8499.95 35026.70 45189.34 26218.62
---------
U.S. Total:309736.86
Mexico
McClelland 2503.50 1747.50 582.00 1268.00 3504.35 5608.90 24014.73
Altiplano 362.57 2758.75 1085.05 379.94 1383.37 9212.85
Boldenen 9605.55
Crown Mx. 2123.72 1185.11 2360.54 15370.99
Holmax 642.60 36.45 679.05
Cambior 12323.51
Monarch 1671.98
Avino 591.61 50.35 383.47 739.38 485.11 3796.13
Oroca 1372.68 598.83 65.88 4246.65 71899.43
Page 2(a)
<PAGE>
<CAPTION>
1998 January February March April May June
---- ------- -------- ----- ----- --- ----
<S> <C> <C> <C> <C> <C> <C>
Quellerra 398.52
Pioscho 780.66 8383.89
BLM 1220.17 25.50
Valarie Gold 401.20
Misc. 693.40 73.80 4414.07 277.27 22.00
Cienega 1467.65 2153.05 1528.36 1746.62 1175.67 847.23
New Coast
Corrosion 33.45
Parrena
Hecla
Oliverez 143.85
Cordilleras 4924.21
Bacis 362.61 476.83 1136.66 393.80
San Felipe
Saul Olivarez 36.90
Evaristo Olivarez 98.75
Sotula 3031.64 165.36 491.40
Viceroy 984.38
Sand 8788.76 17096.30 13985.31 7373.75 3228.62
Augusto 7468.98 22336.61 1189.90 512.46
-------- -------- --------- --------- -------- --------
Monthly Total: 28061.66 44533.37 52271.03 41643.78 32804.87 38402.73
Shasta
Gatchell
Homestake
Newmont
Cameco
Calaveras Cement
Florida Canyon
Barrick Goldstrike
-------- --------- --------- --------- -------- ---------
Monthly Total: 0.00 0.00 0.00 0.00 0.00 0.00
-------- --------- --------- --------- --------- ---------
Grand Total: 177279.98 221588.27 301204.76 315748.24 244577.31 280646.39
Page 2(b)
<PAGE>
<CAPTION>
1998 July August September October November December Yearly Total
---- ---- ------ --------- ------- -------- -------- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
Quellerra 365.31 321.43 98.83 1184.90
Pioscho 333.10 2504.23 914.43 1183.82 17080.13
BLM 1254.87
Valarie Gold 6964.13 7933.80 5149.26 9849.88 4630.05 34728.12
Misc. 876.89 1688.18 763.60 84.00 8883.21
Cienega 8918.80
New Coast 5027.40 2060.10 7087.50
Corrosion 33.45
Parrena 80.80 82.80
Hecla 5142.80 38835.06 44353.78 88331.64
Oliverez 221.40 385.05
Cordilleras 3453.56 384.92 8762.69
Bacis 3231.69 147.58 849.57 6597.74
San Felipe 2755.00 6954.00 9709.00
Saul Olivarez 36.90
Evaristo Olivarez 98.75
Sotula 87.15 2805.65 192.66 6773.87
Viceroy 984.38
Sand 163.60 50638.54
Augusto 7344.16 24232.80 20538.14 9853.13 9856.25 103132.53
-------- --------- ---------- --------- -------- --------
Monthly Total: 24268.35 61635.31 34155.72 35712.77 57313.26 87766.94
---------
Mex. Total: 503256.68
Shasta
Gatchell 5887.30 5887.30
Homestake 9905.47 9905.47
Newmont 731.85 731.85
Cameco 384.56 364.56
Calaveras Cement 30.00 30.00
Florida Canyon 2185.45 2185.45
Barrick Goldstrike 2085.35 2085.35
--------- --------- --------- ---------- --------- --------
Monthly Total: 0.00 0.00 0.00 0.00 0.00 20949.88
---------
Shasta Total: 20949.88
--------- --------- --------- --------- --------- ---------
Grand Total: 252069.26 177995.25 125012.18 123110.00 145986.88 156657.82
----------
US/MEX To: 2521874.34
----------
Monthly G. Tot 2521874.34
</TABLE>
Page 2(b)
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
1999
1999 January February March April May June
---- ------- -------- ----- ----- --- ----
<S> <C> <C> <C> <C> <C> <C>
Central Am
La Libertad
Greenstone Misc. 53.88
Honduras 87.30
Bonanza
Rosita
Focal Resources
Occidente
McClelland Hon. 14.90 100.00
--------- -------- --------- --------- --------- ---------
Monthly Total: 156.08 100.00 0.00 0.00 0.00 0.00
Columbia Corona 383.17
El Roble 85.00 52.30 224.10 292.90
GoldPlata 215.50
Gold Bullet 781.50 33.60 2783.75
Geoda Ltd 70.20
Cerromatoso 1239.00
Exman LTDA 232.50 31.05
Fontino Gold 280.00
Reavis Lindsey 1733.55
Centena S.A. 24.25
Misc. 211.70
Goldfields S.A. 1668.50
Antioquia
--------- -------- --------- --------- -------- --------
Monthly Total: 0.00 2105.50 981.57 4741.40 2086.90 427.20
Spain Rio 5644.31 9114.68 23397.62 17909.16 17875.54 16230.79
Institute Tecfhnolog 423.00
--------- -------- --------- --------- -------- --------
Monthly Total: 6067.31 9114.68 23397.62 17909.16 17875.54 16230.79
Peru Misc. Peru 27.75 16.90
Cementos 86.75 1152.00
Conga
Pacific Rim 274.46 900.00
Consultant Serv.
GeoLabs 149.50
Oro Peru 180.95
BHP-Tintaya 645.58
Cyprus
Nueva Condor
ABX 108.00
Attisma 499.27 328.94
Sulliden 130.56
Page 3(a)
<PAGE>
1999 July August September October November December Yearly Total
---- ---- ------ --------- ------- -------- -------- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
Central Am
La Libertad 3739.20 3739.20
Greenstone Misc. 53.88
Honduras 87.30
Bonanza 0.00
Rosita 0.00
Focal Resources 0.00
Occidente 0.00
McClelland Hon. 114.90
--------- -------- --------- --------- -------- --------- ---------
Monthly Total: 3739.20 100.00 0.00 0.00 0.00 0.00
---------
C. A. Total: 3995.28
Columbia Corona 383.17
El Roble 237.00 891.30
GoldPlata 255.75 532.00 1003.25
Gold Bullet 240.50 3839.35
Geoda Ltd 70.20
Cerromatoso 1239.00
Exman LTDA 263.55
Fontino Gold 280.00
Reavis Lindsey 1733.55
Centena S.A. 24.25
Misc. 27.75 239.45
Goldfields S.A. 1668.50
Antioquia 0.00
--------- -------- --------- --------- ------- ------- ---------
Monthly Total: 761.00 532.00 0.00 0.00 0.00 0.00
---------
Col. Total: 9902.02
Spain Rio 8950.45 303.15 99425.70
Institute Tecfhnolog 423.00
--------- -------- --------- --------- ------- ------- ---------
Monthly Total: 8950.45 303.15 0.00 0.00 0.00 0.00
---------
Spain Total: 99848.70
Peru Misc. Peru 965.40 1010.05
Cementos 1238.75
Conga 732.90 732.90
Pacific Rim 1174.46
Consultant Serv. 0.00
GeoLabs 149.50
Oro Peru 180.95
BHP-Tintaya 645.58
Cyprus 120.00 120.00
Nueva Condor 0.00
ABX 108.00
Attisma 828.21
Sulliden 0.00
Page 3(b)
<PAGE>
<CAPTION>
1999 January February March April May June
---- ------- -------- ----- ----- --- ----
<S> <C> <C> <C> <C> <C> <C>
El Misti
Sayapullo 449.28 547.96
Yanacocha 1371.83 3804.61 11564.46 5195.06 7120.22 11871.22
Inversiones 1263.35 535.67
Southern Peru 439.72 2781.24 17810.96
Tapados
Midras Minerals 317.20 157.50 122.40
Pan Am Silver
-------- -------- --------- --------- -------- --------
Monthly Total: 2296.30 4573.27 13100.11 5840.64 12312.88 31599.89
U.S. Nv Land
McClelland 1232.45 272.60 5.00 167.50 72.90
Newmont 4854.53 12713.40 9634.80
Barringer Co. 27.00 595.35 1452.60 287.77 169.60 108.00
General Minerals
Echo Bay 310.00 359.04 1179.36 866.48 1128.80 134.64
Hecla (usa) 2556.77 472.50
Nu-Apex 2986.56 2164.04
Larry McMaster 1246.40
Swoboda Inc. 17.10 652.00
Homestake 107.25 72.64 628.74 470.00 6278.85 81.00
Rosebud
Battle Mtn.
Kennecott 135.00
Big Sky Res. Corp. 136.84
North Mining 147.56 898.58 3030.37
CR Briggs 4072.12
Mustang Gold
Dos Amigos 937.20 75.20
Orko Gold 207.38
CR Minterals 260.00 111.75
Montana Gold 1209.50 1511.83 3278.34 3338.64 3589.95 2265.96
Thiokol 120.00
Misc. 100.00 191.55 195.50 840.10 697.95 316.30
Coeur 627.00
Nv. Gold 62.73 784.13 6519.04
Luzenac 94.00 94.00
American Indep. 2801.25
Carrington Cons. 72.90 38.25
Sedi-Met 135.00 135.00
Nv. Pacific Gold 3000.00 191.10
Thunder Mtn. 242.20 299.95
Western States
Plum Mining 32.40
Pacer Dome 305.25
Page 4(a)
<PAGE>
1999 July August September October November December Yearly Total
---- ---- ------ --------- ------- -------- -------- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
El Misti 0.00
Sayapullo 997.24
Yanacocha 19292.24 36842.99 97062.63
Inversiones 1799.33
Southern Peru 4115.31 25147.23
Tapados 0.00
Midras Minerals 122.50 709.60
Pan Am Silver 1965.91
-------- -------- --------- --------- -------- --------
Monthly Total: 25338.35 36842.99 0.00 0.00 0.00 0.00
---------
Peru Total: 131904.43
U.S. Nv Land 0.00
McClelland 189.50 1939.95
Newmont 9895.76 37098.49
Barringer Co. 54.00 2694.32
General Minerals 0.00
Echo Bay 3978.32
Hecla (usa) 3029.27
Nu-Apex 5150.60
Larry McMaster 1246.40
Swoboda Inc. 105.00 774.10
Homestake 7639.48
Rosebud 22678.85 14033.50 36712.35
Battle Mtn. 0.00
Kennecott 135.00
Big Sky Res. Corp. 648.00 784.84
North Mining 4076.51
CR Briggs 4072.12
Mustang Gold 0.00
Dos Amigos 1012.40
Orko Gold 207.38
CR Minterals 371.75
Montana Gold 1163.36 1764.40 18121.98
Thiokol 120.00
Misc. 1843.68 658.89 4843.94
Coeur 627.00
Nv. Gold 7365.90
Luzenac 188.00
American Indep. 2801.25
Carrington Cons. 111.15
Sedi-Met 270.00
Nv. Pacific Gold 3191.10
Thunder Mtn. 383.25 129.15 1054.55
Western States 20.25 20.25
Plum Mining 32.40
Pacer Dome 305.25
Page 4(b)
<PAGE>
<CAPTION>
1999 January February March April May June
---- ------- -------- ----- ----- --- ----
<S> <C> <C> <C> <C> <C> <C>
Alta Gold 584.40 6.75
Mountain Gold 255.75
Joe Pauley 50.00
Pioneer Group 642.30 227.12
GreyStar 255.00 216.00
Tonkin Springs
-------- -------- --------- --------- -------- ---------
Monthly Total: 12479.96 8273.89 11321.00 30088.16 19188.18 17336.62
Mexico
McClelland 2015.50 2317.78 3277.50 2791.50 2397.25 1790.20
Altiplano 2439.83 270.17 55.33
Guillermo Nevarez 28.45 6.50
Crown Mx. 3383.76 1576.24 4332.88 9542.16
Cozamin 973.09
Comermin 569.92
Norando 8762.91 10594.64
Azco Mining 159.75 3646.57
Avino 17.53 310.08 1337.50 723.08 885.16
Cameco 290.06
Minera Teck 3057.74 987.35 449.33 2400.00
Picacho 290.98 493.08 124.69
Gilbert Perez 75.00
Valerie Gold 6476.20 2655.45 8290.48 19476.02 14151.33 6870.81
Misc. 122.35 23.50 604.50 115.70
Penoles 142.07
Geo Ex. 1604.12 47.00
Pacifico de Desa. 780.72
Corrosion 68.90
San Louis 691.05
Hecia 21679.97 24647.64 37862.92 42687.12 11837.79 8537.84
Arhama 248.00
Cordilleras 813.75 4107.85 2599.20 270.15 60.07 2349.51
Bacis 1483.16 457.94 352.75
Minera Hemlo 2534.20
Mallon 703.28 1160.25 1615.35 5142.48
Aquilon Minera 795.80 180.00
PTM 590.88
Sotula 459.03 9789.97 18280.91 12274.10 25103.42
Independence 3028.16 7912.56 11980.84
Doree 841.97
Augusto 4499.75 2970.51 9107.55 8840.40
-------- -------- --------- --------- -------- ---------
Monthly Total: 39887.11 45394.57 85782.39 123668.60 86805.30 66122.72
Page 5(a)
<PAGE>
1999 July August September October November December Yearly Total
---- ---- ------ --------- ------- -------- -------- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
Alta Gold 591.75
Mountain Gold 255.75
Joe Pauley 50.00
Pioneer Group 869.42
GreyStar 471.00
Tonkin Springs 377.54
-------- -------- --------- --------- -------- --------- ---------
Monthly Total: 36981.65 16585.91 0.00 0.00 0.00 0.00
---------
U.S. Total: 152255.37
Mexico
McClelland 638.00 73.50 15301.50
Altiplano 183.17 2948.50
Guillermo Nevarez 34.95
Crown Mx. 433.88 39783.96 23247.88
Cozamin 973.09
Comermin 569.92
Norando 19344.55
Azco Mining 3806.32
Avino 3273.35
Cameco 290.06
Minera Teck 6894.42
Picacho 415.65 1321.37
Gilbert Perez 75.00
Valerie Gold 2117.64 60037.93
Misc. 47.00 913.05
Penoles 142.07
Geo Ex. 1651.12
Pacifico de Desa. 780.72
Corrosion 68.90
San Louis 12.25 703.30
Hecia 8537.84 527.20 181465.99
Arhama 248.00
Cordilleras 2035.86 12236.39
Bacis 2293.85
Minera Hemlo 124.42 206.15 2864.77
Mallon 4662.07 13283.43
Aquilon Minera 903.80
PTM 590.88
Sotula 15621.30 4632.01 86457.74
Independence 22921.56
Doree 841.97
Augusto 25418.21
-------- -------- --------- --------- -------- --------- ----------
Monthly Total: 34782.08 9464.82 0.00 0.00 0.00 0.00
---------
Mex. Total: 491907.59
Page 5(b)
<PAGE>
<CAPTION>
1999 January February March April May June
---- ------- -------- ----- ----- --- ----
<S> <C> <C> <C> <C> <C> <C>
Shasta:
Getchell 3123.30 91.50
Homestake
Newmont
Tom Billings 88.00
Cameco
Calaveras Cement 89.75
Florida/Apollo 641.45 5970.84 3703.88 525.00
Barrick Goldstrike 2783.85 110.25 278.25 289.10 378.00 283.50
--------- -------- --------- --------- --------- ---------
Monthly Total: 6084.90 110.25 919.70 6351.44 4081.88 808.50
--------- --------- --------- --------- --------- --------
Grand Total: 66971.66 69672.16 135502.39 188599.40 142350.68 132525.72
Page 6(a)
<PAGE>
<CAPTION>
1999 July August September October November December Yearly Total
---- ---- ------ --------- ------- -------- -------- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
Shasta:
Getchell 3426.18 10734.20 17375.18
Homestake 0.00
Newmont 0.00
Tom Billings 88.00
Cameco 0.00
Calaveras Cement 89.75
Florida/Apollo 1602.22 12443.39
Barrick Goldstrike 294.00 4416.95
--------- -------- --------- --------- --------- ---------
Monthly Total: 5322.40 10734.20 0.00 0.00 0.00 0.00
---------
Shasta Total: 34413.27
--------- --------- --------- --------- --------- --------
Grand Total: 115875.13 74463.07 0.00 0.00 0.00 0.00
---------
US/MEX Total: 924226.66
Monthnly G.tot 925960.21
</TABLE>
Page 6(b)
<PAGE>
EXHIBIT B
BARRINGER LABORATORIES INC.
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