Metal Prices (December 09, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 3 Dec 2 Nov 29 Nov 28 Nov 27 Copper 1318-1320 1340-1345 1312-1313 1341-1345 1366…
News
Courageous calls for amalgamation
Shareholders of American Chromium (ASE) and Courageous Exploration (ASE) will be asked to approve a merger at special meetings on Dec. 17. If the merger is approved, shareholders will receive one comm…
PEOPLE (December 09, 1991)
John Cave and Frank Burylo appointed directors.
International team locates large ocean deposit
A team of Canadian, Australian and Papua New Guinean scientists has discovered a large metallic mineral deposit forming on the ocean floor off the Papua New Guinean island of New Britain. Although Pac…
TORONTO STACK EXCHANGE INDICES
Dec 3 Dec 2 Nov 29 Nov 28 Nov 27 High Low Composite “300” 3453.41 3456.38 3448.51 3436.92 3440.12 4009.47 3009.91 Metals & Minerals 2834.08 2851.27 2846.05 2854.58 2850.03 3453.06 2502.63 Intergrated …
Metall, MIM complete deal
Toronto-based Metall Mining (TSE) has completed the purchase from MIM Holdings of 301,400 A shares and about 3.4 million B (subordinate voting) shares of Teck (TSE), pursuant to a September agreement….
LETTERS TO THE EDITOR (December 09, 1991)
Regarding the editorial “When Ottawa sells gold” (T.N.M., Nov. 18/91), I find it difficult to understand how it is in the best interest of the country to be dumping our gold reserves on world markets …
Cream Silver wins legal battle
The Supreme Court of British Columbia has ruled that Cream Silver Mines (VSE) is entitled to compensation for the loss of mineral claims “expropriated” by the provincial government in 1988. As of mid-…
Wilanour study in agreement with TVX view
An independent study sponsored by one of the minority partners in the Wilanour gold project near Cochenour, Ont., has confirmed the accuracy of previous reserve estimates by Toronto-based TVX Gold (TS…
Galleon options BMR ground
A joint venture to explore the Will property near Clearwater, B.C., was formed between Galleon Mining (VSE) and BMR Gold (TSE). BMR can earn a 100% interest in the property in return for a $5,000 opti…
Spot prices at a glance (December 09, 1991)
Week’s Price (US) Change Gold* $365.70 – $0.80 Silver* $ 4.05 – $0.05 Platinum* $365.50 – $1.75 Nickel** $ 3.19 – $0.04 Lead** $ 0.24 + $0.01 Copper{ $ 1.06 – $0.03 Zinc $ 0.56 + $0.03 Courtesy of Sco…
Mink to explore for gold in Mali
Vancouver-based Mink Mineral Resources (VSE) is preparing to explore a 400-sq.-km concession in Mali after signing a joint venture deal with the government of the West African republic. Mink Resources…