1991


U.S. REPORT (October 28, 1991)

Drilling on the Gibbs property in Mariposa Cty., Calif., continues to return high-grade gold intersections for owners Dessir Resources (VSE) and A.T.& E. Mining. Dessir is earning a 50% interest in th…


Metall shuffles mining interests

German mining giant Metallgesellschaft AG recently announced a $195-million transaction designed to streamline its holdings in North America and Australia. Through its 59.3% owned Toronto subsidiary M…


TORONTO STOCK EXCHANGE INDICES (October 28, 1991)

Oct 22 Oct 21 Oct 18 Oct 17 Oct 16 High Low Composite “300” 3467.39 3467.21 3482.34 3466.15 3462.96 4009.47 3009.91 Metals & Minerals 2991.86 3003.25 3031.99 3015.69 3044.31 3453.06 2502.63 Intergrate…


OBITUARY (October 28, 1991)

Noted prospector William Knox, founder of TSE-listed Fort Knox Gold, died recently in Toronto. He was 75. Knox is best known for his involvement in tantalum-columbium discoveries at Oka, Que., and bas…


Integrated claims

Nine Barrington River placer gold claims in the Telegraph Creek area of British Columbia have been sold by Integrated Resources (ASE) to a private Edmonton, Alta., company, Barrington Gold. Subject to…


View from the West (October 28, 1991)

The headline of an Oregon Lands Coalition newsletter tells it all: “This Country Is Run by Those Who Show Up.” Only recently has the Canadian mining community been showing up. We must redouble our eff…


FUTURES PRICES (October 28, 1991)

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 106.60 106.15 106.20 + 0.60 Nov 105.60 105.60 105.65 + 0.65 Dec 105.50 104.40 104.90 + 0.80 SILVER (in US cen…


Timmins Nickel mulling option on Redstone mine

Barring an unforeseen nickel rally, Timmins Nickel (TSE) will not exercise an option to purchase BHP-Utah’s 49% interest in the Redstone mine near Timmins, Ont. The owner of a 51% stake in Redstone, T…


PRODUCER PRICES (October 28, 1991)

ALUMINUM: MW U.S. market US51-55 cents per lb. (Oct. 17, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADMIUM: …


Spot prices at a glance (October 28, 1991)

Week’s Change Price (US) Gold* $362.90 + $6.50 Silver* $ 4.15 + $0.10 Platinum* $367.10 + $1.35 Nickel** $ 3.34 – $0.01 Lead** $ 0.23 …. Copper $ 1.07 …. Zinc $ 0.45 + $0.01 Courtesy of Scotiabank…


Weak prices hurt Inco earnings

Lower third-quarter earnings reflect weaker nickel markets and increased unit production costs at its Canadian operations, Inco (TSE) said. The nickel giant recorded third-quarter earnings of US$4.5 m…


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