FREE MARKET (October 28, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 22 Oct 21 Oct 18 Oct 17 Oct 16 Copper 1375-1376 1365-1366 1382-1383 1380-1381 13…
News
LETTERS TO THE EDITOR (October 28, 1991)
May we suggest the time is ripe, after 76 years, to change the name and focus of your publication. Would not “The North American Miner” be more appropriate? The landslide victories of the New Democrat…
Cheni considers suspending Lawyers
The recent downgrading of reserves at the Lawyers mine in north-central British Columbia, coupled with low gold and silver prices, has prompted Cheni Gold Mines (TSE) to consider suspending mining ope…
Gold price hits US$360 on new estimates from Soviets
For the first time since mid-August, evidence that the Soviet Union is harboring much less gold than western analysts had been estimating has pushed the precious metal above US$360 per oz. Analysts ag…
Great Lakes intends to make rights offering
Great Lakes Minerals (TSE) said it intends to make a rights offering for its Ontario shareholders, who would receive one right for each common share owned. Five rights plus a subscription price (yet t…
EDITORIAL PAGE (October 28, 1991)
The recent U.S. court of appeals’ decision to throw out an Environmental Protection Agency (EPA) ban on asbestos is good news for the asbestos mining industry in Quebec and British Columbia, but it’s …
GOLD FUNDS (October 28, 1991)
BGR Central Net Value $8.56 $5.01 Price $7.63 $4.450 Discount 10.97% 11.2% Value $50,989,185 $74,868,135…
Matachewan awaits day in court
Matachewan Consolidated Mines (TSE) is looking forward to its day in court after the Ontario Ministry of the Environment laid criminal charges against the junior company and two of its officers. Crimi…
American Barrick earnings increase 81% in third quarter
Driven by an astute hedging program and lower operating costs at six gold mines, American Barrick Resources (TSE) reported record earnings in both the third quarter and nine months ended Sept. 30. Thi…
Alberta Stock Exchange (October 28, 1991)
Edmonton-based Integrated Resources has sold its producing Barrington River placer claims in northern British Columbia for $800,000 and a 1.3-million-share stake in the new owner, a private company ca…
FINANCING (October 28, 1991)
International Corona Corporation – 300,000 class A Subordinate voting shs offered @ $8.25 per sh. Garde, Mining Exploration Company Inc. – 860,000 units consisting of 1 class A sh and 1 wt offered @ 4…
Fort Knox hits nickel-copper at Shining tree
Results from Fort Knox Gold Resources (TSE) claims in the Shining Tree area of northeastern Ontario have boosted the company’s stock and ignited further staking in the area. Following up a narrow nick…