Vancouver Stock Exchange (September 16, 1991)
Market indices turned downward during the week ended Sept. 10; the resource index closed at 550.54 for a loss of 7.50 points and the composite index slipped by less than a point to close at 566.83. Ta…
News
EDITORIAL PAGE (September 16, 1991)
This country can’t afford the labor dispute its army of public servants have thrust upon it, the largest strike in our history. But even less can it afford to do other than support the government’s ef…
Paymaster drilling sets eastern limit
Partners American Reserve Mining (ME) and Placer Dome (TSE) have defined the eastern limits of gold mineralization at the Paymaster mine project, immediately adjacent to the old Paymaster mine in Timm…
Inco shelves some Sudbury plans to cut output
Following a summer decline in nickel prices, Inco (TSE) says it will cut back on production, reducing Canadian output for the balance of 1991 by about 10 million lb. Inco, which produces its own nicke…
N.W.T. exploration continues to wane
Exploration expenditures in the Northwest Territories are expected to decline by about 13% in 1991, following a 31% drop last year. Based on the results of a telephone survey of companies working in t…
Thunderwood, Greenstone extend zone at Scott Lake
Scott Lake project partners Thunderwood Resources (TSE) and Greenstone Resources (TSE) have increased the extent of copper-zinc mineralization at the property near Chibougamau, Que. Results from a 28,…
Vior, Mazarin in property deal with Cameco
A joint-venture agreement has been signed by Societe d’Exploration Miniere Vior (ME) and Societe d’Exploration Miniere Mazarin (ME) with Cameco (TSE) which will allow Cameco to earn a 60% interest in …
Drilling extends strike at Chuchi for BP, Digger
Drilling on the Chuchi Lake porphyry copper-gold property in north-central British Columbia has extended the mineralized strike length to at least 1,000 metres with a recent higher-grade gold intersec…
Noranda group buys shares in Yellowjack
Associated companies Hemlo Gold Mines (TSE) and Brenda Mines (TSE) recently agreed to buy 186,567 shares of Yellowjack Resources (VSE) in order to exercise an option to acquire a 51% interest in Yello…
PRODUCER PRICES (September 16, 1991)
ALUMINUM: MW U.S. market US57.50-58.25 cents per lb. (Aug. 15, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.15-3.25 per lb. (July 18, 1991). CAD…
FUTURES PRICES (September 16, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US per lb.) Sep 106.80 105.80 106.65 + 2.20 Oct 105.65 105.10 105.75 + 1.80 Dec 105.10 104.30 104.90 ____ SILVER (in US cents per o…
Metal Prices (September 16, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sep 10 Sep 9 Sep 6 Sep 5 Sep 4 Copper 1352-1353 1354-1355 1368-1370 1352-1354 1344-1…