Montreal Exchange (October 07, 1991)
While most senior gold miners lost ground during the week ended Oct. 1, Cambior (TSE) picked up 38 cents to close at $9.38 on moderate volume. Two major banks have agreed to underwrite a 330,000-oz. g…
News
Madeleine Mines plans to raise $5 million for treatment centre
Trading in Madeleine Mines (TSE) was halted recently after the company said it is planning to raise $5 million for the development of a treatment facility designed to produce copper and nickel by elec…
NEWS IN BRIEF (October 07, 1991)
Millrock Development Corp. (MRK.A:VSE) has changed its name to Delta Gold Mining Corporation (DTG:VSE) with a consolidation of capital on a 1-new-for-3-old share basis.
Spot prices at a glance (October 07, 1991)
Week’s Price (US) Change Gold* $354.40 + $2.00 Silver* $ 4.22 – $0.02 Platinum* $351.25 – $6.25 Nickel** $ 3.44 … Lead** $ 0.24 … Copper $ 1.06 … Zinc $ 0.45 – $0.01 Courtesy of Scotiabank. Info…
Construction set to start this spring at Stronsay project
The British Columbia government recently approved a mine development certificate for the Stronsay project, a zinc-lead deposit about 240 km northwest of Fort St. John. Formerly known as Cirque, the St…
Golden Ring looks to Jamaica
A recent property deal with Trev (ASE) gives Golden Ring Resources (VSE), a junior in the Prime Equities group, a new focus in central Jamaica. Golden Ring can acquire a 100% interest in the 43-sq.-mi…
Rock & Roll drilling resumes
Partners Eurus Resource (VSE) and Thios Resources (VSE) have mobilized a drill rig to test several targets on their Rock & Roll property in northwestern British Columbia. Drilling on the property earl…
Low prices force Rio to close North America’s only tin mine
North America will lose its only producing primary tin mine following a decision by Rio Algom (TSE) to close its East Kemptville operation about 60 km northeast of here. The open pit mine, which opene…
Costs lowered at Dome mine
Cash production costs at the Dome gold mine of Placer Dome (TSE) at Timmins, Ont., averaged US$312 per oz. during the first six months of 1991, compared with US$444 for the same period last year, the …
TAP launches own lawsuit
Legal action has been commenced against Richard Homburg, The Halifax Herald Ltd. and others claiming general damages for libel and slander, and special and punitive damages, TAP Capital (TSE) said. TA…
Prairie reactor under discussion
The possibility of a nuclear reactor being built in Sas-katchewan will be examined by provincial utility SaskPower Corp. and federal agency Atomic Energy of Canada Ltd. (AECL). The province and Ottawa…
Black Cliff options Chile tailings dumps
Toronto-based Black Cliff Mines (TSE) has signed an option agreement with a Chilean company to earn a 70% interest in several gold-silver-copper tailings deposits near Atacama in central Chile. The ag…