NEWS IN BRIEF Brunswick lays off 100 workers
Toronto-based Brunswick Mining & Smelting (TSE), the 67% owned Noranda (TSE) subsidiary, says it is laying off 100 workers from its Belldune smelter in New Brunswick as part of a workforce restructuri…
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Glimmer’s share value falls despite exploration success
Faced with a 48% short-term drop in the value of its shares, Glimmer Resources (VSE) is scrambling to come up with ways to increase shareholder liquidity. Trading on an anemic Vancouver market, Glimm…
U.S. REPORT Amax, Piedmont drilling cuts wide intersections at
A drilling program at the Haile gold mine in South Carolina is returning a number of good intersections as Amax Gold (NYSE) continues its earn-in program. The best hole returned a 110-ft. intersectio…
IOCC GOLD OPTIONS Cl.Cose Tuesday, July 2
Options Open Series Volume Last Interest The New York closing gold price was $367,80 per oz. Last quotations for gold options traded in Montreal and Vancouver as provided at the close of trading each …
Metal prices hurt commodity index
Weaker metal prices in May helped push the all-commodity price index of Scotiabank down by 1% from April. “Base metal prices moved significantly lower in May and June. Copper and nickel are still at…
Drilling under way at Birk Creek
A 6,000-ft. drilling program is under way at the Birk Creek property in the Adams Plateau area of south-central British Columbia. Falconbridge, operator of the program, can earn a 60% interest in the…
METAL PRICES FUTURES PRICES (July 08, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER (HG) (in US cents per lb.) Jul 103.25 101.00 103.20 + 1.65 Aug 103.40 102.15 103.45 + 2.50 Sep …
Saskatchewan authorities OK Preview Lake project
Environmental authorities in Saskatchewan have given Westward Explorations and partners Uranerz Exploration and Mining and Cameco permission to proceed with development of their Preview Lake project a…
Joe Mann’s performance beating earlier predictions
With deepening of the No. 2 shaft to 3,000 ft. planned to get under way early in 1992, the Joe Mann gold-copper mine of Campbell Resources (TSE) will be well on the road to becoming a 100,000-oz.-per-…
METAL PRICES FREE MARKET (July 08, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 2 July 1 June 28 June 27 June 26 Copper 1412-1413 1402-1403 13…
NEWS IN BRIEF Rockford writes down gold properties
Toronto-based Rockford Minerals (TSE) says that as of December 31, 1990, it has written down the carrying value of its Larder Lake and Swansea gold projects from an aggregate of $7.4 million to an agg…
NEWS IN BRIEF St Andrew trading shares for bonds
St Andrew Goldfields (TSE) has reached an agreement with Banque Indosuez of Geneva Switzerland to offer 14.4 million newly created preferred shares in exchange for $20.9 million in 5.75% Swiss franc b…