FUTURES PRICES (November 25, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 104.90 103.80 104.25 – 1.55 Dec 104.55 103.20 103.75 – 0.85 Jan 103.50 103.40 103.15 – 0.75 SILVER (in US cen…
News
Alberta Stock Exchange (November 25, 1991)
Northfield Minerals picked up 8 cents to close at 83 cents for the week ended Nov. 19 as the company poured its first gold from the Cheminis mine east of Timmins, Ont. More than 1,200 oz. were recover…
PRODUCER PRICES (November 25, 1991)
ALUMINUM: MW U.S. market US53.25-53.00 per lb. (Nov. 7, 1991). ANTIMONY: New York dealer US82-84 per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADMIUM: New Yor…
White Star rises as talks continue on Kidd property
Shares of White Star Copper Mines (CDN) have soared since the junior announced that it is negotiating with a “major mining company” to explore its Kidd Creek area play near Timmins, Ont. White Star’s …
Unlisted Trading (November 25, 1991)
White Star Copper Mines (CDN) emerged as the top trader during the week ended Nov. 19, jumping from 10 cents to 50 cents in a matter of days. The junior says it is negotiating with a major mining comp…
Dasher offering
Consolidated Dasher Resources (VSE) plans a rights offering, subject to regulatory approval, in Ontario and British Columbia. One right will be issued for one share; three rights and 15 cents will per…
Amax gets permit for Hayden Hill after 2-year wait
Final permits for the Hayden Hill gold project northwest of Susanville, Calif., have been received by owner Amax Gold (NYSE), clearing the way for an immediate construction start. Amax completed a pos…
Laramide purchase
Laramide Resources (TSE) has boosted its interest in Norcal Resources (VSE) to 17.5% through the acquisition of 231,593 shares. The transaction was the result of a settlement of outstanding debt.
Miller’s Musings (November 25, 1991)
When Professor Michael Porter released his summary report on the Canadian economy a few weeks ago, it caused a media stir. Most reports seemed to imply that Canada’s resource industries are somehow to…
PROFILE (November 25, 1991)
Some observers, prompted by Inco Ltd.’s recent staking and drilling activity, note a change in its approach to exploration: a conservative company has become more aggressive in its search for ore. In …
FINANCING (November 25, 1991)
Silverstone Resources Ltd – 1,500,000 shs offered @ 17 per sh.
MinVen outlines terms of United Coin merger
Colorado-based MinVen Gold (TSE) is set to secure the 66% interest in the Golden Reward mine it doesn’t already own by agreeing to merge with United Coin Mines (TSE) of Toronto. After freezing conditi…