Better quarter for Cominco Res.
An improved operating performance has enabled Cominco Resources International (TSE) to reduce its losses this year over those reported a year earlier. A modest loss of $76,000 was reported for the rec…
News
Soviet factor skews forecasts for nickel market
Worldwide nickel consumption in balance with production until the late 1990s and annual growth in consumption at a galloping 3.4% after that (at least until 2005.) These were the projections of nickel…
Alberta Stock Exchange (November 25, 1991)
Northfield Minerals picked up 8 cents to close at 83 cents for the week ended Nov. 19 as the company poured its first gold from the Cheminis mine east of Timmins, Ont. More than 1,200 oz. were recover…
PROFILE (November 25, 1991)
Some observers, prompted by Inco Ltd.’s recent staking and drilling activity, note a change in its approach to exploration: a conservative company has become more aggressive in its search for ore. In …
TORONTO STOCK EXCHANGE INDICES (November 25, 1991)
Nov 19 Nov 18 Nov 15 Nov 14 Nov 13 High Low Composite “300” 3515.32 3550.76 3535.48 3575.84 3596.92 4009.47 3009.91 Metals & Minerals 2947.26 2982.22 2999.24 3028.17 3108.57 3453.06 2502.63 Intergrate…
TSE Short Positions (November 25, 1991)
Semi-monthly reports as of October 31, showed 19,829,016 shares of 582 issues compared with 21,518,619 shares of 580 issues on October 15. Larger individual positions included: Amax Gold 70,600, down …
Placer reports record production
The latest financial and operating results released by Placer Dome (TSE) reveal record gold production and considerable progress being made in the company’s efforts to lower overall production costs. …
Correction (November 25, 1991)
Ressources Robex (ME), which has an option to earn a 25% interest in property belonging to Bateman Bay Mining (ME) in the Chibougamau, Que., area, reported probable reserves of 748,200 tons grading 1….
Mining resumes at El Mochito
A labor dispute which disrupted production at the El Mochito lead-zinc mine in Honduras has been resolved. Owner Breakwater Resources (TSE) said operations at the mine resumed on Nov. 7.
Garde lists on ASE
Class A shares and warrants of Garde, Mining Exploration have been listed on the Alberta Stock Exchange. Trading in the shares and warrants will be delayed pending the close of the prospectus offering…
Laramide purchase
Laramide Resources (TSE) has boosted its interest in Norcal Resources (VSE) to 17.5% through the acquisition of 231,593 shares. The transaction was the result of a settlement of outstanding debt.
U.S. REPORT (November 25, 1991)
A study by American Mine Services on the Haile gold property near Kershaw, S.C., has boosted reserves for owner Piedmont Mining (NASDAQ). The study estimated proven and probable reserves minable by op…