Vancouver Stock Exchange (October 14, 1991)
Despite the odd pocket of excitement and an upward move in gold bullion toward the US$360 mark, the resource index continued its slide toward the 500-point level, closing the week ended Oct. 8 at 514….
News
Montreal Exchange (October 14, 1991)
Volumes were steady but trading turned downward during the week ended Oct. 8, with the market portfolio off by more than 25 points and the mining and minerals index down by 26.7 points. Daily volumes …
LETTERS TO THE EDITOR (October 14, 1991)
After 25 years of reading your paper and being actively involved in the mining exploration industry, I think M.R. Brown’s column “Mining ranks behind native issues, clams, dragonflies” (T.N.M., Sept. …
PEOPLE (October 14, 1991)
John Paterson appointed vice-president, operations and director.
GOLD FUNDS (October 14, 1991)
BGR Central Net Value $8.43 $5.03 Price $7.88 $4.400 Discount 6.57% 12.5% Value $50,185,674 $74,026,920…
Feasibility positive for Minera’s Ivan
Results of a feasibility study on the Ivan copper project in northern Chile justify a positive production decision, says owner Minera Rayrock (TSE). If the initial cash cost is US$20 million and opera…
New autoclave officially opened at Campbell mine
Gold producer Placer Dome (TSE) officially opened its new pressure oxidation plant at the Campbell mine near Red Lake, Ont., on Oct. 3. The new autoclave facility will provide a major environmental bo…
Drifting ongoing at Sleeping Giant
Drifting which began in July continues on the 770-, 970- and 1,360-ft. levels at the Sleeping Giant gold project north of Amos, Que., to test the continuity of mineralized areas 1,000 ft. north of the…
Gold Hawk options Ontario property
Consolidated Gold Hawk Resources (ASE) reports optioning a gold property in Rickaby Twp. in the Beardmore-Geraldton area of northwestern Ontario. Surface sampling has been encouraging; the company say…
Dryden completes drilling on QC property near Iskut
A recent drill program by Dryden Resource (VSE) returned encouraging results from both a gold- quartz vein system and a porphyry copper-gold system on the QC property in northern British Columbia. Dry…
Freeport seeks to extend mining contract in Indonesia
A new contract of work being negotiated with the Indonesian government would allow Freeport Indonesia, a subsidiary of Freeport-McMoRan Copper & Gold (NYSE) of Louisiana, to mine and explore a large a…
NO HEADLINE (October 14, 1991)
PRODUCER PRICES ALUMINUM: MW U.S. market US54.25-55.50 cents per lb. (Sep. 26, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep…