La Coipa cash machine’ closest mine to heaven
As is customary in Latin America, a padre offered the benediction at the recent official inauguration of the expanded La Coipa mine, 140 km from here, in the Chilean Andes. He blessed the plant itself…
News
Brunswick’s fate questioned after Noranda’s latest loss
Mindful that zinc prices aren’t going to improve in the near future, Noranda (TSE) is attempting to turn its 64.6% owned Brunswick Mining and Smelting (TSE) complex into a more cost-efficient operatio…
Property deal by Vior, Inco
Quebec City-based Societe d’Exploration Miniere Vior (ME) and Inco (TSE) have negotiated a deal which will see Vior expand its gold property portfolio and Inco increase its interest in the junior. The…
PEOPLE (November 04, 1991)
Paul Reinhart appointed to the board.
Quilchena play
A 50% owned affiliate of Laramide Resources (TSE), private company Quilchena Resources, reports the completion of surface work and the drilling of three holes on porphyry copper-gold property near Asp…
Teck hurt by Cominco losses
Net earnings of $6.1 million or seven cents per share were reported by Teck (TSE) for its 1991 third quarter ended Sept. 30, down significantly from the $22.5 million or 27 cents per share reported in…
Mineral outlook conference set
The ninth annual Canadian Mineral Outlook Conference, to be hosted by Energy Mines and Resources (EMR) Canada and the Mining Association of Canada (MAC), is set for Nov. 26 at Ottawa. Theme of the 1-d…
Monk ramp hits wide gold zone
A 300-ft. ramp being driven into the B zone on Monk Gold and Resources’ (ASE) property near Wawa, Ont., has hit a wider-than-expected vertical shear grading up to 0.28 oz. gold per ton. Quartz veins c…
Cheni reports more losses
A drop in grades, coupled with lower gold and silver prices, helped push Cheni Gold Mines (TSE) into the red with a loss of $3.7 million or 33 cents per share for the nine months ended Sept. 30. The l…
Vancouver Stock Exchange (November 04, 1991)
Gold reversed a promising uptrend during the week ended Oct. 29, dipping back below the US$360-per-oz. level to settle at US$357. Trading activity on the VSE remained relatively quiet, but both the re…
Flett suggests Billiton likely to take on balance of Selbaie
Ownership of the Selbaie zinc-copper mine in northwestern Quebec may soon be in the hands of Billiton Metals Canada, hinted President Andrew Flett at a recent luncheon gathering hosted by the Toronto …
METAL PRICES (November 04, 1991)
ALUMINUM: MW U.S. market US51-55 cents per lb. (Oct. 17, 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. 26, 1991). CADMIUM: …