Gold began the New Year on a bearish note, shedding US$2 to US$350.50 on reports that Russia will end the state monopoly on mining and open up ground for prospecting. The newly founded republic says i…
Initial drilling results from the Pascalis property in northwestern Quebec of Acabit Exploration (ME) returned, over a 4-ft. intersection, 2 ft. of 4.7 oz. gold per ton, 1 ft. of 0.04 oz. and 1 ft. of…
Alberta-based Takla Star Resources (ASE) recently launched a major lawsuit in Ontario seeking the return of a graphite mining property at Graphite Lake, Ont., from Cal Graphite (VSE). Takla Star is al…
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 7 Jan 6 Jan 3 Jan 2 Jan 1 Copper 1130-1131 1133-1134 1150-1151 1146-1147 NA Lead…
ALUMINUM: MW U.S. market US51.00-51.50 cents per lb. (Dec. 26, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CAD…
The sale of one million treasury shares of Gaspesie, Societe d’Explorations Petroliere et Miniere (ME) at 25 cents per share raised $250,000, which the company says will be used mainly for the develop…
A numbered Alberta company has purchased, pending regulatory filings, 29.4 million subordinate-voting shares and 6,250 B shares of Dominion Explorers (TSE) from Landmark Corp. for $200,000 in cash. Th…
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 95.30 94.40 94.45 – 3.25 Feb 95.15 94.85 94.85 – 3.20 Mar 96.10 95.10 95.15 …. SILVER (in US cents per oz.)…
The renegotiation of a purchase option on the Ridgeway mine in South Carolina prompted Kennecott to increase its interest in the operation to 100% from 52% by exercising a right of first refusal. Gala…
A loss of $3.6 million was reported by Breakwater Resources (TSE) for its 1991 third quarter ended Sept. 30, which brings losses for the first nine months of the year to $16 million. The company is co…
The Magnola project in Quebec, aimed at developing a new magnesium production technology, is under review because of the excess capacity in the magnesium market and the economic environment, LavalinTe…
A number of possible acquisitions in Jamaica are currently being reviewed by Prime Explorations, a division of Prime Equities International (VSE). The review follows a visit to Jamaica to examine prop…
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