U.S. REPORT Silver tarnishes Nerco earnings
Operating income from Nerco’s (NYSE) mineral segment reached US$1.3 million in the 1991 first quarter, down from US$2.9 million for the same three months in 1990. The company said the decrease in ear…
1991
Majors dominate Yukon exploration
Although the mineral exploration season in the Yukon looks slower than the industry would like, some significant projects are in the works this year. The biggest thing we’re going to see is exploratio…
Upgrading studies in mineral economics
Mineral economics is not a highly favored academic pursuit in Canada. There are no post-graduate level programs at any Canadian university and virtually nowhere to gain any type of accreditation. Ther…
Insider Trading Pezim sells stake in Prime, Tymar
About a month before signing a financing deal with Teck (TSE), Vancouver promoter Murray Pezim sold a substantial portion of his holdings in Prime Equities (VSE) and Tymar Resources (TSE). In mid-Mar…
Northern B.C. hosts old and new mining operations
The recent Minerals North conference held in this “pro-mining” northern community provided delegates with a snapshot look at a variety of mines operating in the northern portion of British Columbia. A…
FINANCING (May 13, 1991)
Gagan Gold Corp. — 600,000 shares offered @ 50 cents per share. Idaho Consolidated Metals Corp. — 750,000 units consisting of 1 sh & 1 wt offered @ 55 cents per unit. Golden Ring Resources Inc. –…
FUTURES PRICES (May 13, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER (HG) (in US cents per lb.) May 103.70 102.70 102.90 — 3.00 Jun 102.70 102.70 102.70 — 3.00 Jul …
Equity devising new solutions to problems of mine closure
Equity Silver’s (TSE) 1992 projected mine closure has driven home the environmental cost of doing business as the long-term effects of acid rock drainage are hitting the northern British Columbia mine…
Alberta Stock Exchange Carlin in option deal
Recently entering into a joint venture agreement for the exploration and development of gold property in Oregon was Carlin Gold, which gained a penny to 35 cents on 22,000 shares for the week ended Ma…
Snip adept at juggling logistics of operating in rugged northern B.
The new Snip gold mine operated of Cominco (TSE) in the Iskut River camp of northwestern British Columbia is a case study in juggling the logistics of an isolated location. It’s a fly-in, fly-out situ…
Spot prices at a glance (May 13, 1991)
Price (US) Week’s Change Gold* $356.40 + $ 0.15 Silver* $ 4.03 + $ 0.06 Platinum* $393.50 — $ 0.75 Nickel** $ 4.01 — $ 0.09 Lead** $ 0…
Corona seeks share consolidation
Shareholders of Corona (TSE) will be asked to approve a proposed 1-for-2 consolidation of the company’s subordinate voting shares and common shares and a change in name to International Corona Resourc…