Arimathaea shares
Arimathaea Resources (TSE) reports that all of its US$600,000 principal amount of convertible debentures have been converted and 571,428 shares issued. Also, the company said the expiry date for 461,1…
News
Unlisted Trading (November 25, 1991)
White Star Copper Mines (CDN) emerged as the top trader during the week ended Nov. 19, jumping from 10 cents to 50 cents in a matter of days. The junior says it is negotiating with a major mining comp…
Miller’s Musings (November 25, 1991)
When Professor Michael Porter released his summary report on the Canadian economy a few weeks ago, it caused a media stir. Most reports seemed to imply that Canada’s resource industries are somehow to…
Curragh selling smelter interest (November 25, 1991)
Weak zinc prices, a high Canadian dollar and an investment in Spanish smelting company Asturiana De Zinc were factors in a losing third quarter for Toronto-based zinc-lead miner Curragh Resources (TSE…
Uranium Res. increases profits
Texas company Uranium Resources (TSE) managed to stay in the black during the third quarter of 1991 despite production problems at its Rosita uranium property. Uranium Resources reported net income of…
Inco considers sinking shaft in 1992 to explore Victor
You didn’t have to be a geologist to recognize the value of the rich copper-nickel intersections on display at Inco’s (TSE) recent annual presentation to the Toronto investment community. Polished up …
Global growth on BHP agenda
Australian conglomerate The Broken Hill Proprietary Co., with interests in mining, oil and gas and steel production, is looking to grow internationally. “We actively seek to expand our overseas invest…
PRODUCER PRICES (November 25, 1991)
ALUMINUM: MW U.S. market US53.25-53.00 per lb. (Nov. 7, 1991). ANTIMONY: New York dealer US82-84 per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADMIUM: New Yor…
Cyprus smelter closed for repairs
Colorado-based Cyprus Minerals (NYSE) is shutting down its copper smelter in Miami, Ariz., for four months to repair damage from an incident in early November which involved a breakout of copper matte…
Mint to boost silver content
The Royal Canadian Mint in Ottawa said it plans to increase the silver content in two of its major collector coin programs. The annual commemorative dollar coin will be struck in 1992 in .925 or sterl…
Madsen studying Red Lake mine
Minable reserves within the upper eight levels of the former Madsen gold mine near Red Lake, Ont., are insufficient to justify a resumption of operations, according to a study undertaken by Madsen Gol…
Platoro project placed on hold
The Platoro gold property in Colorado is being placed on a care-and-maintenance basis by its two owners, Panorama Resources (VSE) and a subsidiary of Belgium-based Union Mines, until there is an impro…