Rio Algom cancels Uranium offer
Toronto-based Rio Algom (TSE) has withdrawn its US$6.40 a share offer for the 92% interest in Uranium Resources (TSE) it doesn’t already own because of low uranium prices and the company’s high produc…
News
TVX to sell High River stake
TVX Gold (TSE) has agreed to sell its 34.1% stake in High River Gold Mines (TSE) to Restech Canada holdings, a subsidiary of Australia’s Restech International. After the share transaction, the Restech…
PROFILE (December 09, 1991)
Johnson raises funding for Bema’s Chilean project…
Inco options Queen Charlotte properties
A recent option agreement with Doromin Resources (VSE) gives Inco (TSE) the right to explore a number of polymetallic properties held by Doromin on the Queen Charlotte Islands of western British Colum…
Gold price volatility fades as industry matures, says study
The global gold market is “a solid, vital industry” which has reached a mature state, says Metal Market Consultants of Lakewood, Colo., in Gold Situation 1991. The consulting company, in its fifth ann…
Gooseberry contributes to Asamera loss
Operations at the Gooseberry mine and tailings project in Nevada were recently suspended by owner Asamera Minerals (TSE) because the project is not economically viable at current gold and silver price…
NovaGold buying Pine Cove option
Halifax company NovaGold Resources (TSE) has agreed to acquire International Corona’s (TSE) right to earn a 70% stake in the 2,850-hectare Pine Cove gold property in Newfoundland. Since signing an opt…
Dromedary to earn La Choya interest
An option to buy the La Choya gold project in Mexico was recently acquired by Hecla Mining (NYSE). Should Hecla decide to place the property into production, Dromedary Exploration (VSE) has the right …
Westmin reports quarterly loss
A $10.7-million loss was reported by Westmin Resources (TSE) for its 1991 third quarter ended Sept. 30, a sizable increase over the $3.2-million loss reported for the comparable period a year earlier….
PRODUCER PRICES (December 09, 1991)
ALUMINUM: MW U.S. market US51.25-51.75 cents per lb. (Nov. 26, 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). CAD…
MacMillan Gallery to open on GSC’s 150th anniversary
The Pinch mineral collection will settle into its permanent home here in the Viola MacMillan Gallery at the Canadian Museum of Nature in March. The opening will be the culmination of eight years’ effo…
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Halifax-based NovaGold Resources (TSE) expects to begin a second drill program on its base metal property in the California Lake area of northeastern New Brunswick after receiving results from the fir…