Noranda, Placer Dome open Mexican offices
North America’s top mining companies are moving in to take advantage of the Mexican government’s attempt to attract investment by allowing foreigners to purchase full control of local concerns. Norand…
News
Chilean government allows Placer to evaluate Andacollo
A wholly owned Chilean subsidiary of Placer Dome (TSE) was recently awarded the right to evaluate the feasibility of developing a mine at the Andacollo porphyry copper deposit in northern Chile. The a…
Tenajon, Royal Scot in merger talks
Associated companies Tenajon Resources (VSE) and Royal Scot Resources (VSE) recently agreed to start negotiations aimed at merging the two companies. Both companies have gold properties near Stewart,…
Cominco sells stake in Indian smelter
After-tax proceeds of about $2.4 million were realized by Cominco (TSE) from the recent sale of its 40% shareholding in Cominco Binani Zinc, a company which operates a zinc smelter in southern India. …
Toronto Stock Exchange Barrick, Newmont talks spark Franco-Nevada
Talk of a possible merger involving Newmont Mining and American Barrick Resources provided a much needed shot in the arm to a long suffering gold sector during the week ended May 28. Accompanied by a …
Montreal Exchange Share values jump
The stock market rallied during the week ended May 28, with the market portfolio jumping by 32.6 points and the mining and minerals index climbing by 44.7 points. Daily trading volumes ranged between …
Alberta Stock Exchange Golconda up 18 cents
Planning to launch a second drilling phase on each of three gold properties, Golconda Resources traded heavily in the week ended May 28, gaining 18 cents to close at 60 cents. The Calgary-based explo…
Vancouver Stock Exchange NCA sees heavy action
The VSE remained relatively stable during the week ended May 28. The composite index was virtually unchanged at the 560 level while the resource index staged a rebound to finish at 518.8, up by 13.7 p…
Program planned for GNC claims (June 03, 1991)
A major exploration program will be carried out this season on the GNC claims which surround the Eskay Creek project north of Stewart, B.C. The program will be operated by Corona (TSE) on behalf of Pr…
Spot prices at a glance (June 03, 1991)
Price (US) Week’s Change Gold* $360.75 + $ 4.00 Silver* $ 4.14 + $ 0.05 Platinum* $392.65 — $ 0.10 Nickel** $ 3.74 + $ 0.08 Lead**…
METAL PRICES FUTURES PRICES (June 03, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jun 101.50 99.80 99.90 — 1.10 Jul 99.45 98.80 99.20 — 0.30 Aug 98.80 98.80 98.80 — SILVER (in US cents per o…
Hemlo to write down Central Crude
Hemlo Gold Mines (TSE) is considering taking a writedown on its investment in the Eagle River, Ont., gold joint venture with Central Crude (TSE), said President John Harvey at the company’s recent ann…