News



METAL PRICES (August 19, 1991)

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 101.40 100.40 101.03 + 0.30 Sept 101.50 100.20 101.35 + 0.55 Oct 100.75 100.00 100.75 + 0.45 SILVER (in US ce…


Output up for Placer Dome, profit down

Despite increased gold production, Placer Dome (TSE) reported a substantial decline in this year’s first-half earnings from 1990 levels because of lower gold prices and a reduced contribution from bas…


New Mexican option for Chutine

As part of its strategy to tie up additional ground along the Sonora porphyry copper belt, Chutine Resources (VSE) has agreed to option a 400-hectare property near Moctezuma, Mexico. Under the agreeme…


NEWS IN BRIEF (August 19, 1991)

Vanex Resources Ltd. (VX:VSE) has changed its name to Poplar Resources Ltd. (PPX:VSE) with a consoli-dation of capital on a 1-new-for-4-old share basis.


LETTERS TO THE EDITOR (August 19, 1991)

The Odds `n’ Sods column “Revisiting Quebec’s north in the 1950s” (T.N.M., July 29/91) is an offensive and provocative article which The Northern Miner, with its long experience of the North country, …


Redstone boosts Falcondo interest

Agreement to boost its interest in the Falconbridge Dominicana (Falcondo) nickel operation from 1.7% to 2.2% has been reached, Redstone Resources (TSE) reported. Falcondo produces 68 million lb. nicke…


Sindor shelves Lisbon Valley

Denver-based Sindor Resources (TSE) has suspended development of the Lisbon Valley copper project in Utah after receiving the results of recent technical and financing studies. The company will also c…



Westar Mining losses mount

Low coal prices and the high level of the Canadian dollar continue to take their toll on Westar Mining (TSE). The company reported a net loss of $9.8 million for its 1991 second quarter and a loss of …


IOCC GOLD OPTIONS (August 19, 1991)

The New York closing gold price was $350.00 per oz. Last quotations for gold options traded in Montreal and Vancouver as provided at the close of trading each Tuesday by the Montreal Exchange. Only th…


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