People (May 18, 1992)
Jordan Ethans appointed director.
News
Political fallout already felt in aftermath of mine tragedy
Political fallout is already evident in Halifax and Ottawa following an explosion in the Westray coal mine at Plymouth, N.S., that killed 15 miners instantly and left another 11 missing. A methane gas…
BP Canada up for sale
The control position of BP Canada (TSE) is being sold by oil and gas parent British Petroleum. BP will sell its 56.9% interest in BP Canada for $374 million. Brokerage house RBC Dominion Securities is…
Hemlo in charge at Central Crude
Exercising its ownership position in Central Crude (TSE), Hemlo Gold Mines (TSE) moved to gain control of the board of directors at the junior’s annual meeting in Toronto and operation of the company….
TORONTO STOCK EXCHANGE INDICES (May 18, 1992)
May 12 May 11 May 8 May 7 May 6 High Low Composite”300″3427.89 3427.23 3374.43 3362.90 3361.30 4009.47 3009.91 Metals&Minerals 3089.15 3069.33 2995.50 2985.60 2967.75 3453.06 2502.63 Integrated Mines3…
GOLD FUNDS (May 18, 1992)
BGR Central Net Value $7.69 $5.02 Price $6.00 $4.500 Discount 21.96% 10.4% Value $45,772,000 $75,709,350…
Westray disaster threatens company’s future — Curragh on
Although Curragh Resources (TSE) will likely survive the Westray coal mine disaster in Nova Scotia, it will emerge from the wreckage with a severely damaged reputation in the eyes of investors and cre…
Falco Gold sees future in Africa
With a sharp eye on costs, Falconbridge Gold (TSE) will be turning more and more to southern Africa (especially Zimbabwe) for its expanding exploration and production. “Regrettably, the company has re…
Spot prices at a glance (May 18, 1992)
Week’s Price (US) Change Gold* $334.75 – $2.00 Silver* $ 4.08 + $0.01 Platinum* $352.80 + $0.15 Nickel** $ 3.31 – $0.04 Lead** $ 0.24 $0.00 Copper $ 1.00 + $0.01 Zinc $ 0.61 – $0.02 Courtesy of Scotia…
Methane gas always a hazard in underground coal mines
Lighter than air and colorless, methane is abundant in nature. It is the main component of natural gas and it is a common accompaniment of coal. While the gas is typically odorless, the commercial pro…
Placer’s high-cost mines at risk
Placer Dome’s (TSE) “gross strategy” in the months ahead will be to undercut worldwide average production costs of US$265 at all of its mines while maintaining gold production, President Tony Petrina …
Metal Prices (May 18, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 12 May 11 May 8 May 7 May 6 Copper 1226-1227 1235-1236 1240-1241 1231-1232 1226-…