Toronto Stock Exchange (October 28, 1991)
Gold lost none of its new-found glitter during the week ended Oct. 22, as analysts continued to assess the impact of new revelations about Soviet reserves on future supply. A feasibility study release…
News
Montreal Exchange (October 28, 1991)
A feasibility study released by Aur Resources and Societe Miniere Louvem for the Louvicourt copper-zinc-gold deposit northeast of Val d’Or., Que., recommends that initial mining commence in late 1993,…
Madeleine avoids injunction with promise to comply
Toronto-based Madeleine Mines (TSE) has agreed to prepare applications needed to obtain an operating permit for its Lac des Iles palladium/platinum project near Thunder Bay, Ont., within the next six …
Asbestos miner Cassiar bankrupt
Operating problems coupled with cost overruns have forced Princeton Mining (TSE) to seek court protection under the Companies’ Creditors Arrangement Act for its wholly owned subsidiary, Cassiar Mining…
Study dismisses link between uranium tailings and cancer
Residents of this small community in the heart of the Kawartha Lakes tourist region received some good news recently from the Ontario Ministry of Health. An investigation by the ministry into possible…
FREE MARKET (October 28, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 22 Oct 21 Oct 18 Oct 17 Oct 16 Copper 1375-1376 1365-1366 1382-1383 1380-1381 13…
Mining wary of NDP’s victories
Now that Michael Harcourt has led the New Democratic Party to victory in the recent British Columbia election, the province’s business community is waiting to see if the premier-elect will be as moder…
Court of appeal rejects U.S. ban on asbestos
A decision by the U.S. court of appeals to strike down a ban by the U.S. Environmental Protection Agency (EPA) on asbestos marks a significant step in controlling, rather than banning outright, a dang…
PROFILE (October 28, 1991)
Although the New Democratic Party scored a majority victory in British Columbia’s provincial election last week, Curragh Resources will continue with its plan to develop 70% owned Stronsay, a zinc-lea…
LETTERS TO THE EDITOR (October 28, 1991)
May we suggest the time is ripe, after 76 years, to change the name and focus of your publication. Would not “The North American Miner” be more appropriate? The landslide victories of the New Democrat…
American Barrick earnings increase 81% in third quarter
Driven by an astute hedging program and lower operating costs at six gold mines, American Barrick Resources (TSE) reported record earnings in both the third quarter and nine months ended Sept. 30. Thi…
FUTURES PRICES (October 28, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 106.60 106.15 106.20 + 0.60 Nov 105.60 105.60 105.65 + 0.65 Dec 105.50 104.40 104.90 + 0.80 SILVER (in US cen…