Spot prices at a glance (August 26, 1991)
Week’s Price (US) Change Gold* $ 356.20 – $ 0.30 Silver* $ 3.93 – $ 0.02 Platinum*$345.50 + $ 2.75 Nickel**$ 3.72 $ 0.00 Lead** $ 0.24 – $ 0.01 Copper $ 1.00 – $ 0.01 Zinc $ 0.47 – $ 0.00 Courtesy of …
Articles by Northern Miner Staff
NEWS IN BRIEF (August 26, 1991)
Rouyn Mining Resources Inc. (ROU:ME) has changed its name to Richmont Mines Inc. (RIC:ME).
Minnova options Murgor claims
Exploration is under way at Murgor Resources’ (VSE) gold property in Fancamp Twp., Que., south of Chibougamau, Que., following an agreement between Murgor and Minnova (TSE). Under the option deal, Min…
Contest winner visits Sudbury
Winner of an all-expense paid 3-day trip to Sudbury at the end of July, the grand prize in an Ontario Mining Week contest organized in June by the Ontario Mining Association (OMA), was Caroline Jung, …
Prices, closure, rainfall all contribute to MinVen’s loss
Lower gold prices, the closure of the company’s Blackdome mine in British Columbia, and unusually wet weather at the Gilt Edge and Stibnite mines helped deepen losses for MinVen Gold (TSE). The compan…
Newhawk pursues theory of bulk tonnage at Sulphurets
Project operator Newhawk Gold Mines (TSE) released assays for the first three holes drilled on two of five bulk-tonnage copper-gold targets being tested on its 60% owned Sulphurets property north of S…
Montreal Exchange (August 26, 1991)
Political troubles in the Soviet Union didn’t sit too well with investors around the world, whose immediate reaction was to get out of the market. In Montreal, the pattern was no different. Both the m…
Echo Bay boosts quarterly earnings
A 5% decline in production costs boosted Echo Bay Mines’ (TSE) second-quarter earnings to US$4.7 million (five cents per share) from US$800,000 (one cent per share) in 1990. The company lowered its av…
PRODUCER PRICES (August 26, 1991)
ALUMINUM: MW U.S. market US57.75-58.50 cents per lb. (Aug. 8, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.15-3.25 per lb. (July 18, 1991). CADM…
LETTERS TO THE EDITOR (August 26, 1991)
The Institute for Managers and Specialists Continuing Engineering Education is the head organization in post-graduate education on non-ferrous metallurgy in the U.S.S.R. The institute is in Sverdlovsk…
Triathlon draws 140 competitors
The eighth annual Great Porcupine Goldrush Triathlon attracted 140 competitors on 49 teams to Timmins, Ont., this summer. There were 86 entrants (30 teams) in the 55-km competitive event, and 54 entra…
Imperial loss first in six years
Low metal prices and depressed equity markets combined to end a 6-year string of profits for Imperial Metals (TSE). The company reported a loss of $4.47 million, or 21 cents per share, during its fisc…