Alberta Stock Exchange (February 17, 1992)
News of a gold discovery on the Devon property near Matheson, Ont., added a nickel to Kingswood Explorations, which closed at 29 cents on strong volume for the week ended Feb. 11. Hole 92-16 returned …
Articles by Northern Miner Staff
Vancouver Stock Exchange (February 17, 1992)
The VSE indices posted strong gains during the week ended Feb. 11, with the composite index adding 21.43 points to finish at 653.8 and the resource index bouncing off the 500 level to close up by more…
Fort Rupert shareholders approve Kingswood takeover
Shareholders of Fort Rupert Resources have cleared the way for a takeover by Kingswood Explorations (ASE). Under the deal, which is subject to regulatory approval, Kingswood will issue one of its shar…
Low prices, high dollar hurt Cominco
A net loss of $41.3 million was reported by Cominco (TSE) for 1991, compared to a profit of $54.8 million in 1990. The company attributed its drop in earnings primarily to the worldwide decline in met…
Newmont, Uzbekistan to join in gold venture
Newmont Mining (NYSE), North America’s biggest gold miner, is planning to team up with the second largest gold producer of the former Soviet republics to extract ore from low-grade deposits. Newmont C…
Metal Prices (February 17, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 11 Feb 10 Feb 7 Feb 6 Feb 5 Copper 1206-1207 1189-1191 1189-1191 1198-1199 1201-…
Montreal Exchange (February 17, 1992)
Drilling activity at the Douay gold property of Societe d’Exploration Miniere Vior helped to propel the stock upwards during the week ended Feb. 11. The junior, which gained 15 cents to 70 cents on al…
Tieman takes MNR assignment
The Ontario Ministry of Natural Resources (MNR) recently took on former Ontario Mining and Lands Commissioner Dennis Tieman for a special assignment. Tieman, who was appointed commissioner in 1990, wi…
Spot prices at a glance (February 17, 1992)
Week’s Price (US) Change Gold* $356.35 + $1.40 Silver* $ 4.20 + $0.03 Platinum* $367.50 + $9.25 Nickel** $ 3.51 + $0.04 Lead** $ 0.23 $0.00 Copper $ 0.99 + $0.01 Zinc $ 0.50 – $0.02 Courtesy of Scotia…
FUTURES PRICES (February 17, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Feb 99.10 98.50 98.50 + 1.35 Mar 99.15 98.25 98.60 + 1.05 May 98.70 97.90 98.15 + 0.65 SILVER (in US cents per oz…
Western Quebec drills Dubuisson
Two drill rigs are active on the Dubuisson East gold property in the Val d’Or, Que., area, Western Quebec Mines (TSE) reports. Western, which optioned the property from Republic Goldfields (VSE), is t…
Minnova moves rigs to Rouyn
Toronto-based Minnova (TSE) is moving two rigs on to the Golden Briar (Flag) property in Rouyn and Beauchastel twps., Que., to test for deep mineralized structures. The scheduled program, which consis…