Gold hedgers’ hesitation may cost them millions
Time is running out for gold mining companies that plan to hedge their 1992 production. As of June 30, 1991, North American gold producers had sold forward only 29% of 1992 production at US$420, accor…
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Analysts look to Russia for hints on gold
Precious metal stocks, already bloodied by low gold prices, took another beating recently as fears of a big sell-off in the Soviet Union kept the yellow metal below its 52-week trading range of US$350…
Custom milling can make the difference for some new mines
Mining is a capital intensive industry. One major concern for any project hoping to enter commercial production is a milling facility, for which the cost may or may not be a determining factor. The ow…
PRODUCER PRICES (September 23, 1991)
ALUMINUM: MW U.S. market US56.50-58.00 cents per lb. (Sep. 12, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.15-3.25 per lb. (Jul. 18, 1991). CAD…
Toronto Stock Exchange (September 23, 1991)
A much anticipated drop in U.S. and Canadian interest rates during the week ended Sept. 17 failed to generate much enthusiasm for equities. As the gold price continued to hover at the low end of its U…
Spot prices at a glance (September 23, 1991)
Price (US) Week’s Change Gold* $348.00 + $0.50 Silver* $ 4.09 + $0.12 Platinum* $354.75 + $8.25 Nickel** $ 3.46 – $0.18 Lead** $ 0.24 – $0.01 Copper $ 1.03 – $0.03 Zinc $ 0.47 $0.00 Courtesy of Scotia…
TORONTO STOCK EXCHANGE INDICES (September 23, 1991)
Sept 17 Sept 16 Sept 13 Sept 12 Sept 11 High Low Composite “300”3417.96 3428.17 3421.14 3437.59 3429.74 4009.47 3009.91 Metals & Minerals2934.88 2965.90 2956.75 2959.59 2966.18 3453.06 2502.63 Intergr…
FINANCING (September 23, 1991)
Cree Lake Resources Corp – 950,000 units consisting of 1 sh and 1 wt offered @ $1.25 per unit. Commonwealth Gold Corporation – 2,500,000 units consisting of 1 sh and 1 wt offered @ 49 cents per unit.
GOLD FUNDS (September 23, 1991)
BGR Central Net Value $8.23 $4.87 Price $7.38 $4.350 Discount 10.36% 10.7% Value $48,987,129 $73,185,705…
Choice orebody split between two premier gold producers
It’s a mere printed line on a claims map and no more than a surveyed picket line in the bush, yet it represents the division between the Bousquet No. 2 mine of LAC Minerals (TSE) and the LaRonde mine …
Placer Dome’s Sigma mine mixes nostalgia with high-tech
Second in longevity among the troika of classic mines started by Dome Mines and Campbell Red Lake Mines in eastern Canada, the Sigma mine in Val d’Or, Que., is a creature of contrasts. The Placer Dome…
American Mining Congress supports new free-trade deal
The American Mining Congress (AMC) supports negotiation of a North American free-trade agreement involving Canada, the U.S. and Mexico but wants negotiators to “proceed carefully and with a clear sens…