Coins reducing silver stockpile
The silver stockpile of the U.S. defence department has been reduced by 41% through U.S. Mint coinage programs since the Mint began drawing from the stockpile in 1986, The Silver Institute of Washingt…
News
Stratmin plant at full throttle
Full production at the St-Aime-du-Lac-des-Iles graphite concentrator north of Montreal will resume Nov. 25 after having been operated on a part-time basis since April, Stratmin Graphite, a 75% owned s…
Salmo venture land package grows
Proceeds from a recent private placement agreement will be used by the Salmo joint venture to further explore the Katie copper-gold property and newly acquired claim blocks surrounding the Katie prope…
Kowalski launches Founder Resources
Former Metalore Resources (TSE) geologist Barbara Kowalski has successfully launched a new junior exploration company with a mandate to develop three claim groups near Beardmore in northern Ontario. S…
Alberta Stock Exchange (November 18, 1991)
Investors added 50 cents to Biron Bay Resources after the company annouanced results from its Summit project in the Steeple Rock mining district of New Mexico. Closing at $1.10 for the week ended Nov….
PEOPLE (November 11, 1991)
Tony White appointed director.
GOLD FUNDS (November 11, 1991)
BGR Central Net Value $8.35 $4.94 Price $7.88 $4.400 Discount 5.71% 10.9% Value $49,729,085 $74,026,920…
U.S. REPORT (November 11, 1991)
Less than five months after the official opening the Van Stone zinc-lead mine in northeastern Washington, Equinox Resources (TSE) has been forced to suspend operations because of low zinc prices. The …
Soocana split
Shareholders of Soocana Explorations (ASE) approved a 2-for-1-share split, the company says. Soocana is planning a rights offering, subject to regulatory approval, designed to raise finds for an explo…
Federal-provincial agreement to benefit northern Ontario
With mining revenues down and prospecting activities barely a shadow of what they might be, the governments of Canada and of Ontario have injected $95 million into the Northern Ontario Development Agr…
Earnings slip for Amax Gold (November 11, 1991)
A drop in gold output as well as an increase in production costs negatively affected the earnings of Amax Gold (NYSE) for the period ended Sept. 30. Earnings for the third quarter dropped to US$5.4 mi…
Soviet resources focus of symposium
The Colorado School of Mines campus in Golden will be the site of the first international symposium on the vast mineral deposits in Russia and other republics of the Soviet Union on Nov. 18-21. “The i…