Study aims to clarify cyanide use
Canada’s 54 primary gold producers use about 23,000 tons of cyanide a year. There is emphasis on the word “about” as selling the chemical is a highly competitive business and suppliers are loathe to d…
News
TRUE GRIT: Skiers delay garnet mine startup
If all goes according to plan, Polestar Exploration (VSE) and Hawkeye Developments (VSE) expect to have Canada’s only garnet mining and processing facility in production by the fourth quarter of 1992….
Montreal Exchange (November 18, 1991)
Benefiting from a buying mood by investors, the ME recorded a 43.4-point gain in its market portfolio and a 54.6-point gain in its mining and minerals index during the week ended Nov. 12. Daily tradin…
Willingdon and Sandy K negotiate merger terms
Willingdon Resources (CDN) has reached an agreement in principle to merge with Sandy K mines, a private company. Sandy K’s main asset is a high-grade silver and cobalt property in the Gowganda area of…
Former LAC officers plan share offering, TSE listing
Toronto-based Tri Origin Exploration, a private company with mineral properties in Ontario and Australia, plans to make a share offering of $1.5-2.25 million in preparation for listing on The Toronto …
INSIDER TRADING (November 18, 1991)
Vancouver resource giant Cominco (TSE) recently upped its stake in the Windy Craggy copper-cobalt deposit in northwestern British Columbia by converting Geddes Resources (TSE) warrants into shares. Ac…
Hemlo, Glimmer resume drilling on Beatty-Hislop
After a 5-month hiatus, Noranda Exploration has resumed drilling on the Beatty-Hislop gold property near Matheson, Ont., a 60-40 joint venture between Hemlo Gold Mines (TSE) and Glimmer Resources (VSE…
Golden Bear mine interest purchased
A recently completed agreement-in-principle could result in North American Metals (TSE) owning 100% of the Golden Bear mine in northern British Columbia. If a final agreement is completed, North Ameri…
Starmin placement (November 18, 1991)
Starmin Mining (TSE) said it has entered into a 2-stage private placement, subject to regulatory approval, with Craig Arnott worth almost $390,000. The first stage, worth an aggregate $156,750, will c…
PRODUCER PRICES (November 18, 1991)
ALUMINUM: MW U.S. market US53.25-53.75 per lb. (Oct. 31, 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 Yo…
FUTURES PRICES (November 18, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 105.25 104.80 105.80 – 1.00 Dec 105.10 103.90 104.60 – 1.95 Jan 103.70 103.50 103.90 …. SILVER (in US cents…
Falconbridge to cut output by 12,000 tonnes of nickel
Taking its cue from fellow nickel miners Inco Ltd. (TSE) and SLN of France, Toronto-based Falconbridge Ltd. is cutting back production at operations in Sudbury, Ont., and the Dominican Republic. Falco…