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…
News
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…
View from the West (October 28, 1991)
The headline of an Oregon Lands Coalition newsletter tells it all: “This Country Is Run by Those Who Show Up.” Only recently has the Canadian mining community been showing up. We must redouble our eff…
U.S. REPORT (October 28, 1991)
Drilling on the Gibbs property in Mariposa Cty., Calif., continues to return high-grade gold intersections for owners Dessir Resources (VSE) and A.T.& E. Mining. Dessir is earning a 50% interest in th…
Echo Bay makes oddlot’ offer
Gold producer Echo Bay Mines (TSE) announced a program under which shareholders owning “oddlots” of the company’s stock (fewer shares than a board lot of 100 shares) may either sell their shares or pu…
Cheni considers suspending Lawyers
The recent downgrading of reserves at the Lawyers mine in north-central British Columbia, coupled with low gold and silver prices, has prompted Cheni Gold Mines (TSE) to consider suspending mining ope…
NEWS ROUNDUP (October 28, 1991)
Bachelor Lake Gold Mines (TSE) intends to sell its controlling interest in 74% owned subsidiary Western Premium Resource (VSE) for about $150,000. Bachelor said a letter of agreement has been entered …