PROFILE (October 14, 1991)
Whenever analysts or investors talk about silver, they think of Idaho-based Hecla Mining, which is celebrating its centenary this year. The company’s pride of place, the Lucky Friday mine near Mullan,…
News
Pacific Sentinel private placement
A recently arranged private placement of 100,000 units at $1.60 per unit brings the cash position of Pacific Sentinel Gold (VSE) to over $3 million. The units include a share plus one share purchase w…
Toronto Stock Exchange (October 14, 1991)
As investors braced themselves for the fourth anniversary of the 1987 stock market crash and another round of quarterly earnings, share prices moved lower during the week ended Oct. 8. Predictions on …
Gold price forces Bell Creek closure
Citing weak gold prices, Canamax Resources (TSE) says it will close its only operating gold mine. The Bell Creek mine and mill near Timmins, Ont., will be the third Canamax gold operation to close wit…
Gold Ridge funding
Funding is now available to complete the mine development and begin operations at the Wingdam placer gold project in the Cariboo mining division of British Columbia, Gold Ridge Resources (VSE) announc…
OBITUARY (October 14, 1991)
Well-known mining engineer Tilmer (Tim) Waterland of Delta, B.C., died recently. He was 90. His career involved positions at a number of mines in British Columbia, including Copper Mountain, Anyox, Pr…
Drilling by Taseko confirms size and grade of Fish Lake
Assay results from a further two holes on the Fish Lake property, 75 miles southwest of Williams Lake, B.C., are confirming size and grade projections made earlier this year by part-owner, Taseko Mine…
EDITORIALS
British Columbia has developed a reputation for having colorful politics, with campaigns in the province typically focused more on personalities than on issues. Things appear to be no different this t…
Spot prices at a glance (October 14, 1991)
Week’s Price (US) Change Gold* $357.60 + $3.20 Silver* $ 4.08 – $0.14 Platinum* $356.75 + $5.50 Nickel** $ 3.42 – $0.02 Lead** $ 0.24 … Copper $ 1.08 +0.02 Zinc $ 0.45 … Courtesy of Scotiabank. In…
Reserves up 27% at Andacollo
A 27% increase in overall minable reserves was reported by Dayton Mining (TSE) for its 100% owned Andacollo gold project in central Chile. That’s good news for Dayton, a technically oriented junior wh…
FUTURES PRICES (October 14, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 108.00 106.50 108.00 0.00 Nov 107.00 105.55 107.00 + 0.65 Dec 107.00 103.90 106.00 + 1.00 SILVER (in US cents…
New players bring new hope for Bathurst area exploration
Residents of this lively seaside community hope that the new blood pouring into northern New Brunswick will have what it takes to find another Brunswick orebody. With the exception of programs sponsor…