Vendors, operators battle over NPI royalties
The confusion surrounding net profits royalties (NPIs) and their definition is resurfacing once again, this time in the form of a dispute between American Barrick Resources (TSE) and part-time prospec…
News
Dynatec, Redpath pioneer latest shaft-sinking innovations
If there was a market for used mine shafts, Canada would surely be one of the world’s principal suppliers. About 95% of the shafts would be rectangular with most of the remainder square. The term “squ…
Spot prices at a glance (July 29, 1991)
Week’s Price (US) Change Gold* $367.00 -$ 2.20 Silver* $4.23 -$ 0.17 Platinum* $374.25 -$ 5.75 Nickel** $3.75 -$ 0.16 Lead** $0.25 $ 0.00 Copper $1.00 $ 0.00 Zinc $0.48 $ 0.00 Courtesy of Scotiabank. …
Redfern placement with Comstate
Vancouver-based Redfern Resources (TSE) has agreed, subject to regulatory approval, to issue 26,316 shares at $3.80 each to Calgary exploration company Comstate Resources (TSE). Redfern said it expect…
Spectrum stepout cuts 30-ft. zone with coarse gold
Assay results are expected shortly from a recent hole drilled on the Spectrum property which returned a 15-ft. interval containing coarse-grained visible gold. The current work program is being funded…
Falco Gold closes asset purchase
In exchange for a debt-equity package worth about $11 million, Falconbridge Gold (TSE) has acquired its parent’s African gold assets and has an option to purchase all of Falconbridge’s gold properties…
Drilling starts at Copper Canyon
Before starting follow-up drilling on the Copper Canyon project in northwestern British Columbia, Consolidated Rhodes Resources (VSE) will conduct a $100,000 program of trenching, mapping and addition…
Silver Butte, American Fibre get mixed results from SIB
The best hole of nine recently drilled on the SIB claims in the Eskay Creek region of northwest British Columbia returned a 9.8-ft. intersection grading 0.23 oz. gold and 54.9 oz. silver per ton from …
Toronto Stock Exchange Indices (July 29, 1991)
July 23 July 22 July19 July 18 July 17 High Low Composite”300″ 3535.37 3545.38 3561.30 3561.19 3541.83 4009.47 3009.91 Metals & Minerals3217.36 3258.41 3276.94 3299.99 3251.53 3453.06 2502.63 Integrat…
Billiton drilling extends zone at Blende zinc-lead property
Drilling on the Blende property in central Yukon has extended the new zone of mineralization encountered in the first hole of this season’s drilling program. The previously released discovery hole int…
Barrick rebounds from failed merger with record earnings
A 46% leap in first half earnings helped American Barrick Resources (TSE) rebound from the initial effects of its failed merger discussions with Newmont Mining (NYSE). When talks aimed at combining th…
Brunswick loses $10 million
A lengthy strike at the Brunswick mine continued to decimate Brunswick Mining & Smelting’s (TSE) earnings well into the second quarter. For the three months ended June 31, the lead-zinc producer repor…