IOCC Gold Options (July 29, 1991)
Options Open Series Volume Last Interest The New York closing gold price was $367.60 per oz. Last quotations for gold options traded in Montreal and Vancouver as provided at the close of trading each …
1991
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. …
Firm nickel price cited for Timmins Nickel’s strength
Investor interest in shares of Timmins Nickel (TSE) recently drove the issue to a high for the year of $1.38 compared with its low of 42 cents. President Stephen McIntyre attributed the share activity…
Vancouver Stock Exchange (July 29, 1991)
Activity on the Vancouver Stock Exchange remained lacklustre over the week ended July 23 with daily volume relatively quiet at the 14-million-share level. The release of assays results from a number o…