Bull Run extends share purchase
Colorado-based Bull Run Gold Mines (NASDAQ) says its directors have extended the share repurchase plan approved last December. Under the extended plan, Bull Run may purchase up to two million of its c…
1991
Renabie closing looms closer
Mining operations at the Renabie gold mine near Wawa, Ont., will cease permanently as early as Aug. 4 and no later than Sept. 30, says Renabie Gold Mines, a subsidiary of International Corona (TSE). A…
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…
Alberta Stock Exchange (July 29, 1991)
Despite havoc in the retail markets, the Alberta market kept its head above water during the first half of 1991. While trading activity and dollar value decreased by 7.2% and 25.5% respectively, the n…
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…
Yukon natives negotiate claims
The Council for Yukon Indians, Na-cho Ny’a’k Dun First Nation, the Yukon government and the federal Department of Indian Affairs and Northern Development recently completed negotiations on the princip…
El Condor raises funds for work on Kemess development program
In order to finance what is being touted as “Canada’s largest development program,” El Condor Resources (VSE) recently completed an 800,000-unit financing for ongoing exploration of the Kemess copper-…
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…
Toronto Stock Exchange (July 29, 1991)
After switching into high gear, the summer doldrums were interrupted during the week ended July 23 by the first trickle of second-quarter earnings. Despite earlier warnings by management, the market w…
METAL PRICES (July 29, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 23 July 22 July 19 July 18 July 17 Copper 1316-1318 1321-1323 1315-1317 1329-133…
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. …