METAL PRICES (October 14, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 8 Oct 7 Oct 4 Oct 3 Oct 2 Copper 1364-1366 1345-1346 1352-1353 1353-1354 1328-13…
Articles by Northern Miner Staff
Dryden completes drilling on QC property near Iskut
A recent drill program by Dryden Resource (VSE) returned encouraging results from both a gold- quartz vein system and a porphyry copper-gold system on the QC property in northern British Columbia. Dry…
TORONTO STOCK EXCHANGE INDICES (October 14, 1991)
Oct 8 Oct 7 Oct 4 Oct 3 Oct 2 High Low Composite “300” 3353.71 3357.13 3378.87 3393.28 3393.59 4009.47 3009.91 Metals & Minerals 2761.97 2761.80 2779.61 2804.84 2836.52 3453.06 2502.63 Intergrated Min…
SOQUEM signs option deals with a pair of Quebec juniors
The mining exploration arm of the Quebec government, SOQUEM, recently made a number of property deals and financings with Quebec juniors. North of Schefferville, SOQUEM may earn (subject to the necess…
Audrey raising $40 million for Mobrun
Audrey Resources (TSE) is taking steps to obtain the $40 million it needs to repay debt and finance development of the Mobrun polymetallic mine near Rouyn-Noranda, Que., over the next three years. Rec…
INSIDER TRADING (October 14, 1991)
The rising price of Redstone Resources (TSE) shares recently gave President David Harquail, the chance to liquidate a portion of his holdings in the Toronto-based royalty company. According to Ontario…
Montreal Exchange (October 14, 1991)
Volumes were steady but trading turned downward during the week ended Oct. 8, with the market portfolio off by more than 25 points and the mining and minerals index down by 26.7 points. Daily volumes …
Feasibility positive for Minera’s Ivan
Results of a feasibility study on the Ivan copper project in northern Chile justify a positive production decision, says owner Minera Rayrock (TSE). If the initial cash cost is US$20 million and opera…
Drill results from SMC zone
Assay results were released by Adrian Resources (VSE) for the first four holes drilled to test the SMC zone discovery on the Sky Creek property in the Iskut River region of northwestern British Columb…
Gold price forces Bell Creek closure
Citing weak gold prices, Canamax Resources (TSE) says it will close its only operating gold mine. The Bell Creek mine and mill near Timmins, Ont., will be the third Canamax gold operation to close wit…
Drilling by Taseko confirms size and grade of Fish Lake
Assay results from a further two holes on the Fish Lake property, 75 miles southwest of Williams Lake, B.C., are confirming size and grade projections made earlier this year by part-owner, Taseko Mine…
Guest Column (October 14, 1991)
At least 25% of Canadians live in rural, often remote, single-industry communities. The 115 communities dependent on the minerals and metals industry alone contributed 4.5% of Canada’s Gross Domestic …