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…
News
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…
Mishibishu activity grinds to a halt
Activity in the Mishibishu Lake area of northern Ontario has come to a virtual standstill over the past year, following a string of disappointments for the area’s two major players, Central Crude (TSE…
Stepout drilling at Fish Lake boosts metal content sharply
Stepout drilling at the Fish Lake property, southwest of Williams Lake, B.C., is confirming results encountered in the first hole of this year’s drilling program. As a result, contained gold and coppe…
Supply-demand equations shifting for industrial minerals
Three studies published by Roskill Information Services of London look at the fortunes of the industrial minerals magnesium, kaolin and natural graphite. Magnesium, according to Roskill, always genera…
PEOPLE (September 23, 1991)
R. MacDonald appointed chief financial officer and senior vice-president, finance.
Conference on industrial minerals
The third annual Canadian conference on markets for industrial minerals, Industrial Minerals ’91, scheduled for Oct. 22-23 at Toronto’s King Edward Hotel, will include a presentation of interest to co…