LAC expands mill for Bousquet 2 ore
A $15-million expansion program, designed to support an increase in production to 2,000 from 1,500 tons per day, will begin immediately at the East Malartic mill, says owner LAC Minerals (TSE). The ex…
News
Taywin acquiring Mexican property
In concert with numerous other juniors looking further afield for promising mineral properties, Taywin Resources (VSE) recently announced it is participating in a Mexican exploration program involving…
Spot prices at a glance (September 16, 1991)
Week’s Price (US) Change Gold* $347.50 – $ 1.10 Silver* $ 3.97 + $ 0.04 Platinum*$346.50 + $ 2.50 Nickel**$ 3.64 + $ 0.12 Lead** $ 0.25 + $ 0.01 Copper $ 1.06 + $ 0.03 Zinc $ 0.47 + $ 0.01 Courtesy of…
Metal Prices (September 16, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sep 10 Sep 9 Sep 6 Sep 5 Sep 4 Copper 1352-1353 1354-1355 1368-1370 1352-1354 1344-1…
Canarc in control of Polaris-Taku
The purchase of a controlling interest in Rembrandt Gold Mines (ASE), along with a fully diluted 43.6% controlling interest in Suntac Minerals (VSE), has given Canarc Resources (VSE) and its principal…
Curragh uses new coal mine as security for $55 million
The Westray coal mine in New Glasgow, N.S., was officially opened recently by Clifford Frame, chairman of affiliated Curragh Resources (TSE), the lead-zinc producer which also announced a debenture of…
New Canamin in search for copper
With the recent acquisition of interests in two porphyry copper properties, New Canamin Resources (VSE) has joined the search for the next copper mine in British Columbia. The company recently signed …
CIM luncheon
Joseph Mazur will be the guest speaker at a luncheon Sept. 26 hosted by the Toronto branch of the Canadian Institute of Mining and Metallurgy. Mazur is vice-president of administration and communicati…
Montreal Exchange (September 16, 1991)
Indices in declineBoth the market portfolio and mining and minerals index took it on the chin during the week ended Sept. 10, with the former off by 21.7 points and the latter down by 27.3 points. Dai…
TORONTO STOCK EXCHANGE INDICES (September 16, 1991)
Sept 10 Sept 9 Sept 6 Sept 5 Sept 4 High Low Composite “300”3448.15 3478.96 3488.29 3485.49 3486.84 4009.47 3009.91 Metals & Minerals2976.40 3008.09 3026.10 3034.07 3022.42 3453.06 2502.63 Integrated …
Cathedral in the red
Higher production costs at the Sterling gold mine in Nevada pushed Cathedral Gold (TSE) into the red with a loss of $51,000 on revenue of $726,000 for the second quarter ended June 30. The results com…
Correction (September 16, 1991)
Contrary to an earlier report (T.N.M., Sept. 9/91), the 70,000 ft. of drilling done on the Loma de Hierro nickel deposit, 50% owned by Jordex Resources (VSE), in Venezuela was performed by a ministry …