Deak Resources reduces debt
After securing $3.4 million in loans from the Northern Ontario Heritage Fund and the FedNor Core Industrial Program, Deak Resources (TSE) has been able to complete agreements for a $3-million private …
News
Spot prices at a glance (March 25, 1991)
Price (US) Week’s Change Gold* $364.20 – $ 1.00 Silver* $ 4.04 – $ 0.02 Platinum* $401.45 – $ 5.05 Nickel** $ 3.98 + $ 0.08 Lead** $ 0.27 $ 0.00 Copper*DA $ 1.08 – $ 0.02 Zinc*DD $ 0.54 + $ 0.00 Court…
EDITORIAL B.C. might be ready for a smelter now
There will be big things happening in British Columbia’s mining industry for the rest of this century, big enough to warrant raising the old question of whether the West Coast needs a copper smelter. …
Toronto Stock Exchange Freewest up as market considers economic
With little else to focus on apart from weak gold prices and a flurry of mixed economic signals, confused investors elected to stay out of the market during the week ended March 19. Although Finance M…
Metall raises $65m from public offering
Metall Mining (TSE) has raised $65 million from a public offering to reduce bank debt and provide funds for other corporate purposes, including the financing of projects in North America, Europe and t…
METAL PRICES FUTURES PRICES (March 25, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER (HG) (in US cents per lb.) Mar 107.85 107.10 107.40 – 3.70 Apr 106.50 106.00 106.80 – 2.45 May 106.20 105.20 105.95 – 2.30 SILVER (in US cen…
Noranda earnings to drop in 1991
Toronto-based Noranda (TSE) foresees lower earnings and cash flows in its four operating divisions this year unless there are unexpected increases in commodity prices or a drop in the value of the Can…
IOCC GOLD OPTIONS (March 25, 1991)
Options Open Series Volume Last Interest May 370 C 5 7.00 20 May 390 C 5 2.70 80 Aug. 370 C 2 17.00 5 Aug. 380 C 12 9.50 90 The New York closing gold price was $364.40 per oz. Last quotations for gold…
TORONTO STOCK EXCHANGE INDICES (March 25, 1991)
Mar. 19 Mar. 18 Mar. 15 Mar 14 Mar. 13 HIGH LOW Composite”300″ 3495.45 3514.99 3517.24 3530.10 3550.70 4009.47 3009.91 Metals & Minerals3153.17 3197.86 3232.29 3246.26 3262.03 3453.06 2502.63 Integrat…
Kalahari starts program on South Dakota project
Vancouver-based Kalahari Resources (VSE) says exploration has commenced at its Keystone gold project in Pennington Cty., S.D. Prospecting Geophysics, a company controlled by consultant Peter Ferdeber,…
TGA, tightens hold on Parlake Resources
TGA Management, a private company that owns a controlling 19.5% stake in Parlake Resources (TSE), is preparing to tighten its hold on the Toronto-based junior exploration company. Under an agreement w…
Crown sticks with exploration as best route to growth
Exploration-oriented juniors which make the transition to gold producers without stumbling are few and far between. Crown Resources (VSE) is something of an anomaly, in that the company has yet to suf…