Spot prices at a glance (October 28, 1991)
Week’s Change Price (US) Gold* $362.90 + $6.50 Silver* $ 4.15 + $0.10 Platinum* $367.10 + $1.35 Nickel** $ 3.34 – $0.01 Lead** $ 0.23 …. Copper $ 1.07 …. Zinc $ 0.45 + $0.01 Courtesy of Scotiabank…
News
Weak prices hurt Inco earnings
Lower third-quarter earnings reflect weaker nickel markets and increased unit production costs at its Canadian operations, Inco (TSE) said. The nickel giant recorded third-quarter earnings of US$4.5 m…
PEOPLE (October 28, 1991)
Dan MacIsaac appointed senior vice-president.
Western Copper plans work on Williams Creek feasibility
Because of favorable results from this year’s drilling program, partners Western Copper Holdings (VSE) and Thermal Exploration (ASE) plan to proceed with an independent reserve calculation and pit des…
Cal Graphite sells Sudbury property
Graphite producer Cal Graphite (VSE) reported selling its Sudbury, Ont., property that was acquired for chemical upgrading of its graphite production. The company, which mines graphite in central Onta…
Diamond sampling at Guyana project
Preliminary bulk testing of diamond-bearing gravels on a 400-sq.-km Guyana concession optioned by South American Goldfields (TSE) from Golden Star Resources (TSE) commenced recently. Approximately 25 …
Teck hits zinc-gold zone at Tache
Surface sampling by Teck (TSE) has identified a massive sulphide horizon on the Tache Lake property just outside the town of Chibougamau, Que. Labelled the East zone, the new horizon has been exposed …
PEOPLE (October 21, 1991)
Donald Currie appointed director.
Meeting cancelled
The First International Symposium on Sulphide Dust Explosions, Mine Fires & Emergencies (SDEMF&E), scheduled to be held in Bathurst, N.B., Oct. 27-31, 1991, has been cancelled because of the low numbe…
El Condor expects to double reserves at Kemess project
With this year’s first-phase drilling program on the South Kemess property complete, 60% owner and operator El Condor Resources (VSE) is predicting a doubling of reserves. St. Philips Resources (VSE) …
Kookaburra adds to Santa Fe
A recently signed letter of intent could result in Kookaburra Gold (VSE) acquiring a group of claims adjacent to its Santa Fe South property near Hawthorne, Nev., from Princeton Mining (TSE). The agre…
Alberta Stock Exchange (October 21, 1991)
Taking the word “gold” out of its name and replacing it with “technologies” did a lot to boost the value of North American Gold during the week ended Oct. 15. Trading more than 260,000 shares, the Mic…