Metal Prices (August 26, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug 20 Aug 19 Aug 16 Aug 15 Aug 14 Copper 1334-1334 1341-1342 1324-1325 1313-1315 13…
News
Imperial loss first in six years
Low metal prices and depressed equity markets combined to end a 6-year string of profits for Imperial Metals (TSE). The company reported a loss of $4.47 million, or 21 cents per share, during its fisc…
Drilling continues at Brewery Creek
A second-phase program aimed at exploration for new zones and zone extensions will be carried out over the balance of this summer and fall at the Brewery Creek gold property near Dawson, Yukon. The pr…
Toronto Stock Exchange (August 26, 1991)
For the second time this year, gold has failed to live up to its reputation as a sure-fire investment during periods of political upheaval. As Soviet troops rolled into Moscow during the week ended Au…
Gold Fields explores Eskay camp
A recent option agreement allows Gold Fields Mining to earn a 50% interest in the Lakewater property near Eskay Creek by spending $4 million over five years. The northwest British Columbia property is…
New mining rules for Saskatchewan
New environmental regulations for Saskatchewan’s mining industry took effect recently, following approval by the provincial cabinet. “These new regulations make Saskatchewan a world leader in environm…
Prices, closure, rainfall all contribute to MinVen’s loss
Lower gold prices, the closure of the company’s Blackdome mine in British Columbia, and unusually wet weather at the Gilt Edge and Stibnite mines helped deepen losses for MinVen Gold (TSE). The compan…
Giant Pacific plans warrant issue
Toronto-based Giant Pacific Petroleum (VSE) plans to issue 2.8 million special warrants at 18 cents per warrant through a private placement. Proceeds of the fully subscribed placement, in addition to …
LETTERS TO THE EDITOR (August 26, 1991)
The Institute for Managers and Specialists Continuing Engineering Education is the head organization in post-graduate education on non-ferrous metallurgy in the U.S.S.R. The institute is in Sverdlovsk…
Centurion acquires property
Utah-based Centurion Mines (NASDAQ) recently acquired a disseminated gold-copper project, 175 miles northwest of Spokane, Wash., and 30 miles south of the Canadian border. Partially tested by 118 dril…
Gibraltar reports earnings drop
A drop in the price of copper as well as lower investment income pushed earnings down for Gibraltar Mines (TSE) during the first half of 1991. The company reported earnings of $2 million on revenues o…
Gem safari to Thailand
Ronald Stokes, a Vancouver-based mining consultant and gemmologist, will be leading a gem safari to exotic Thailand for three weeks from Jan. 12 to Feb. 1, 1992. This will be the third gem safari led …