Taxation talk in Montreal
Mining taxation is the subject of an international conference this week in Montreal. The conference, to run from Sept. 30 to Oct. 4 at the headquarters of the International Civil Aviation Organization…
1991
Unlisted Trading (September 30, 1991)
The possibility that Black Gregor Explorations may succeed in enlisting major companies as joint venture partners for its two gold properties has excited investors. In a low-high range of 10-28 cents,…
U.S. REPORT (September 30, 1991)
New York-based metals giant Asarco (NYSE) has reached a settlement with the U.S. federal government over alleged health and safety rule violations at its East Helena smelter in Montana. Back in 1988, …
Vancouver Stock Exchange (September 30, 1991)
Despite a boost in the price of gold over the US$350 level again, the resource index remained flat over the week ended Sept. 24 at 533.63 while the composite index managed a 3.82-point gain to finish …
Big Hydro rate hike in works
Ontario mining companies already under pressure from sagging metal prices are preparing to pay more for electricity after Ontario Hydro announced that it will increase its rates by an average of 11.8%…
Deep-drilling polymetallic find Victor a major new discovery for
Crowning 16 years of exploration by Inco (TSE) in the Victor area on the eastern rim of the Sudbury, Ont., basin, three deep drill holes have returned assays that are little short of momentous. Grades…
PEOPLE (September 30, 1991)
Joseph Lechman appointed president.
New Paymaster reserve awaited
An updated reserve report is being prepared by Placer Dome (TSE) and American Reserve Mining (ME) following the completion of the current phase of deep drilling at the Paymaster gold project at Timmin…
Canmine prepares for winter drilling
Canmine Resources (CDN) says it has identified an alteration pipe at its FER copper-zinc property in northern Manitoba that is similar to the pipes found under known volcanogenic orebodies. In January…
Spot prices at a glance (September 30, 1991)
Week’s Price (US) Change Gold* $352.40 + $4.40 Silver* $ 4.24 + $0.15 Platinum* $357.50 + $2.75 Nickel** $ 3.44 – $0.02 Lead** $ 0.24 …. Copper $ 1.06 + $0.03 Zinc $ 0.46 – $0.01 Courtesy of Scotiab…
TORONTO STOCK INDICES
Sept 24 Sept 23 Sept 20 Sept 19 Sept 18 High Low Composite”300″ 3398.10 3396.61 3407.09 3411.95 3418.48 4009.47 3009.91 Metals & Minerals2893.55 2873.74 2894.73 2915.43 2919.88 3453.06 2502.63 Intergr…
Curragh opens new coal mine
Brokers from central Canada recently had their first look at the new underground coal mine here which will provide security for Curragh Resources’ (TSE) latest private placement. Cash flow from the We…