METAL PRICES (December 02, 1991)
N.Y. Commodity Exchange Weeks High Low Close Change COPPER (HG) (in US cents per lb.) Dec 105.30 104.60 104.65 + 0.90 Jan 104.60 103.10 104.25 + 1.10 Feb 103.80 103.70 103.70 …. SILVER (in US cents …
News
View from the West (December 02, 1991)
The mining industry, among others, has been repeatedly beaten over the head with the preservationist theme that 12% of the land must be in parks and wilderness areas ever since the publication in 1987…
Noranda unit seeks partners for plant
Development of a potential hydroelectric site and primary aluminum reduction plant in southern Chile is planned by Noranda Aluminum, a unit of Noranda (TSE), and Proyectos de Aysen SA of Santiago. The…
EDITORIAL PAGE (December 02, 1991)
Have some spare time on your hands? Need a little extra cash? Well, we’ve got a project for you. It’s called “bash the uranium mining business” and it’s all paid with taxpayers’ money. The Federal Env…
Nickel miners big winners as cobalt rallies
Uncertainty about cobalt supplies from Zaire, the Western World’s primary producer, continues to buoy the price of the metal in the range of US$25-$30 per lb. In early November, the free market cobalt…
INSIDER TRADING (December 02, 1991)
Robert Hallbauer, president of Vancouver-based resource giant Cominco (TSE), recently earned a paper profit of about $215,000 by exercising stock options. In October, according to the Ontario Securiti…
Applegath firms plan merger
A trio of companies in the Albert Applegath fold, Tundra Gold Mines (VSE), Oneida Resources (VSE) and Golden Pond Resources (VSE) plan to amalgamate into a new company called TGO Resources. The group’…
Montreal Exchange (December 02, 1991)
Healthy trading volumes for the week ended Nov. 26 did not translate into an overall market gain. The general market portfolio index dropped a hefty 27.5 points and the mining and minerals index was o…
Soviet scientists to visit Sudbury
A symposium featuring earth scientists from the Soviet nickel camp at Norilsk in Siberia and their counterparts at Sudbury, Ont., is being organized for Oct. 2-6, 1992, at the Ontario Geological Surve…
Third quarter trims Crown
A third-quarter loss of US$1.2 million trimmed 9-month earnings for Crown Resources (VSE) this year. The company reported earnings of US$145,000 for the nine months ended Sept. 30, compared with US$2….
Fort Knox puts two drills to work at Shining Tree
Fort Knox Gold Resources (TSE) has moved two larger rigs on to its base metal play in the Shining Tree area of northeastern Ontario after the first rig, testing the company’s nickel-copper discovery, …
FMC quarterly earnings slip
Chicago-based FMC Gold (NYSE) produced 95,000 oz. gold in the 1991 third quarter ended Sept. 30, a slight increase from the 89,000 oz. produced in the comparable period last year. But the company’s ne…