NEWS IN BRIEF (November 11, 1991)
Vero Resources (ASE) has optioned its 25% interest in the Dee-J and Dee-South gold prospects in Nevada to BHP-Utah Minerals. The junior has also entered into a joint venture agreement with Golden Rege…
News
Spot prices at a glance (November 11, 1991)
Week’s Price (US) Change Gold* $354.40 – $5.40 Silver* $ 4.07 – $0.04 Platinum* $362.25 – $0.75 Nickel** $ 3.34 – $0.03 Lead** $ 0.23 – $0.01 Copper $ 1.08 – $0.01 Zinc $ 0.45 …. Courtesy of Scotiab…
EDITORIAL PAGE (November 11, 1991)
It’s easy to forget just how much mining contributes to the general economy because so much of mining’s benefits are felt in remote areas. The money individual mines pump into their local communities …
LETTERS TO THE EDITOR (November 11, 1991)
After reading “The facade of Soviet mining,” an excerpt from a paper by Pierre Lassonde (T.N.M., Oct. 21/91), I was disappointed that The Northern Miner could not do any better on the topic of Soviet …
Fort Knox play reminiscent of market activity in the ’80s
It was just like the good old days — back in the mid-1980s — when a successful run on the junior mining market could finance a new Porsche or pay down part of the mortgage. Those who had seen their …
Unlisted Trading (November 11, 1991)
Trading almost 1.5 million shares during the week ended Nov. 5, Willingdon Resources says it has reached an agreement in principle to merge with Sandy K Mines, owner of a high-grade silver-cobalt prop…
INSIDER TRADING (November 11, 1991)
Claude Resources’ (TSE) controlling shareholder BEC International recently reduced its interest in the Saskatoon company at a significant discount to the recent market price. According to the Ontario …
GOLD FUNDS (November 11, 1991)
BGR Central Net Value $8.35 $4.94 Price $7.88 $4.400 Discount 5.71% 10.9% Value $49,729,085 $74,026,920…
TORONTO STOCK EXCHANGE INDICES (November 11, 1991)
Nov 5 Nov 4 Nov 1 Oct 31 Oct 30 High Low Composite “300” 3525.71 3511.77 3512.58 3515.76 3497.60 4009.47 3009.91 Metals & Minerals 3056.02 3031.54 3013.57 3038.01 3004.25 3453.06 2502.63 Intergrated M…
All six holes cut sulphides at Lockwood near Seattle
Since taking on the Lockwood project 30 miles from Seattle, Wash., a unit of Kennecott has drilled six holes on the Hole 8 zone discovery with all of the holes intersecting polymetallic massive sulphi…
FINANCING (November 11, 1991)
North Slope Minerals Inc – 1,250,000 shs offered @ 25 per sh. Founder Resources Inc – 910,000 units consisting of 1 sh and 1/2 wt offered @ 45 cents per unit. Toltec Resources Ltd – 1,000,000 units co…
METAL PRICES (November 11, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov 5 Nov 4 Nov 1 Oct 31 Oct 30 Copper 1348-1349 1343-1344 1359-1360 1377-1378 1377-…