FREE MARKET (November 25, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov 19 Nov 18 Nov 15 Nov 14 Nov 13 Copper 1311-1312 1326-1327 1357-1358 1341-1342 13…
News
VSM completes more drilling
Recent drilling on the Grevet zinc project in northwestern Quebec has intersected two new zinc-bearing horizons north of the Orphee zone. Although the mineralization is not economical, partners VSM Ex…
New offering planned by Barrick
A public offering worth $113 million is planned by American Barrick Resources (TSE). The offering of four million common shares was announced on a “bought basis” at $28.25 per share. The shares will b…
TSE Short Positions (November 25, 1991)
Semi-monthly reports as of October 31, showed 19,829,016 shares of 582 issues compared with 21,518,619 shares of 580 issues on October 15. Larger individual positions included: Amax Gold 70,600, down …
Soviet factor skews forecasts for nickel market
Worldwide nickel consumption in balance with production until the late 1990s and annual growth in consumption at a galloping 3.4% after that (at least until 2005.) These were the projections of nickel…
Gold loan accounting rules aim to end inconsistencies
Canadian gold producers were recently issued a new set of accounting guidelines that requires them to change the way they account for gold loans in their financial statements. Effective, Nov. 20, the …
GOLD FUNDS (November 25, 1991)
BGR Central Net Value $8.22 $4.95 Price $7.50 $4.450 Discount 8.75% 10.1% Value $48,936,000 $74,868,135…
OBITUARY (November 25, 1991)
Noted consulting engineer Arthur Stewart Bayne died earlier this month. He was 81. Born in England, Bayne graduated from Queen’s University in Kingston, Ont., with a degree in mining and metallurgy an…
LETTERS TO THE EDITOR (November 18, 1991)
Your story “Gays River mine, mill up for sale” (T.N.M., Nov. 4/91) quotes a minable reserve for the Westminer Canada project of 570,000 tons grading 8.4% zinc and 5.1% lead. This tonnage was the minab…
Alberta Stock Exchange (November 18, 1991)
Investors added 50 cents to Biron Bay Resources after the company annouanced results from its Summit project in the Steeple Rock mining district of New Mexico. Closing at $1.10 for the week ended Nov….
Westar reports more losses
An increase in the value of the Canadian dollar as well as a drop in coal shipments and price pushed Westar Mining (TSE) into a loss position. The company reports a loss of $1.6 million in the third q…
Black Cliff plans feasibility study
A feasibility study will be performed on two properties in Chile by Fluor Daniel Wright Engineers, Black Cliff Mines (TSE) reports. The study on the Los Loros and Los Carrera properties in the South A…