1991

Imperial loss first in six years

Low metal prices and depressed equity markets combined to end a 6-year string of profits for Imperial Metals (TSE). The company reported a loss of $4.47 million, or 21 cents per share, during its fisc…


Toronto Stock Exchange (August 26, 1991)

For the second time this year, gold has failed to live up to its reputation as a sure-fire investment during periods of political upheaval. As Soviet troops rolled into Moscow during the week ended Au…


Gold Fields explores Eskay camp

A recent option agreement allows Gold Fields Mining to earn a 50% interest in the Lakewater property near Eskay Creek by spending $4 million over five years. The northwest British Columbia property is…


New mining rules for Saskatchewan

New environmental regulations for Saskatchewan’s mining industry took effect recently, following approval by the provincial cabinet. “These new regulations make Saskatchewan a world leader in environm…



Giant Pacific plans warrant issue

Toronto-based Giant Pacific Petroleum (VSE) plans to issue 2.8 million special warrants at 18 cents per warrant through a private placement. Proceeds of the fully subscribed placement, in addition to …


LETTERS TO THE EDITOR (August 26, 1991)

The Institute for Managers and Specialists Continuing Engineering Education is the head organization in post-graduate education on non-ferrous metallurgy in the U.S.S.R. The institute is in Sverdlovsk…


Gem safari to Thailand

Ronald Stokes, a Vancouver-based mining consultant and gemmologist, will be leading a gem safari to exotic Thailand for three weeks from Jan. 12 to Feb. 1, 1992. This will be the third gem safari led …


Spot prices at a glance (August 26, 1991)

Week’s Price (US) Change Gold* $ 356.20 – $ 0.30 Silver* $ 3.93 – $ 0.02 Platinum*$345.50 + $ 2.75 Nickel**$ 3.72 $ 0.00 Lead** $ 0.24 – $ 0.01 Copper $ 1.00 – $ 0.01 Zinc $ 0.47 – $ 0.00 Courtesy of …



Second-quarter loss for Inland

Junior producer Inland Gold and Silver (NASDAQ) reported a net loss of US$95,356 from sales of US$846,500 for its 1991 second quarter, compared with net income of US$80,484 from gold sales of US$848,0…


Tanqueray strikes deal with Westmin

Under a new agreement with Westmin Resources (TSE), Tanqueray Resources (ASE) has the option to earn a 100% interest in the Little Stull Lake gold project in northeastern Manitoba. Currently, the Calg…


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