PEOPLE (September 02, 1991)
James Watt appointed president.
News
Correction (September 02, 1991)
The participation of Westfield Minerals and Whim Creek Consolidated in the WX syndicate (T.N.M., Aug. 26/91) was incorrectly reported by NovaGold Resources (TSE) in a press release. NovaGold has an op…
EDITORIAL PAGE (September 02, 1991)
There are few rays of sunshine for junior gold companies these days. The precious metal has lost a great deal of its lustre over the past decade. The gold price has been on a downtrend since the Ameri…
LETTERS TO THE EDITOR (September 02, 1991)
Further to the article “Temagami claims’ status uncertain following court decision,” by Virginia Heffernan (T.N.M., Aug. 26/91), I would like to make the following points. — The Sudbury anomaly is 60…
Inco to invest in African diamonds
Nickel producer Inco (TSE) will try its luck in the diamond business after signing an agreement with the government of Ghana. In a joint announcement with Lazare Kaplan International, a New York-based…
Tantalus moving drill to test new zone at Treaty Creek
A drill rig is being moved to test the recent discovery of a new zone of base and precious mineralization on the Treaty Creek property in northwestern British Columbia. The prospecting discovery was m…
Canadians respond to Mexican investment changes
Many major Canadian mining companies have opened offices in Mexico in response to a series of changes instituted by the Mexican government to make the mining industry more attractive to both foreign a…
FMC options gold prospect from Vera Cruz
According to a recent joint venture agreement, a unit of FMC Gold (NYSE) is about to begin an exploration program on a gold prospect held by Vera Cruz Minerals (VSE) near Carrizozo in Lincoln Cty., N….
QPA convention set for Sept. 11-13
The annual convention of the Quebec Prospectors Association will take place Sept. 11-13 at Rouyn-Noranda, Que. Theme of the 1991 convention is “Exploring to secure the future.” In addition to the usua…
Mining companies announce layoffs
Layoffs were announced this summer at several British Columbia mining operations, the most recent affecting 98 employees at the Myra Falls underground copper-zinc mine complex operated by Westmin Reso…
FUTURES PRICES (September 02, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US per lb.) Sep 103.00 101.50 102.90 + 3.80 Oct 102.35 101.50 102.50 + 3.80 Nov 101.40 101.05 102.20 SILVER (in US cents per oz.) S…
PRODUCER PRICES (September 02, 1991)
ALUMINUM: MW U.S. market US57.50-58.25 cents per lb. (Aug. 15, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.15-3.25 per lb. (July 18, 1991). CAD…