Vancouver Stock Exchange (August 26, 1991)
Uncertainty surrounding recent events in the Soviet Union sent VSE indices on a wild ride over the reporting period ended Aug. 20. The composite index touched a low of 551.61 before rebounding to clos…
News
Drilling to start at Norite project
Drilling is expected to begin shortly at the Norite project in northern Saskatchewan. The property is owned by Consolidated Pine Channel Gold (VSE) and is under option to Noranda (TSE) which can earn …
Wetsuits keep raise workers dry
A Canadian mining contractor working at a project in Indonesia recently resorted to wetsuits to prevent its workers from possibly contacting hypothermia. Ram Raising of Timmins, owned by Redpath and a…
NEWS IN BRIEF (August 26, 1991)
Rouyn Mining Resources Inc. (ROU:ME) has changed its name to Richmont Mines Inc. (RIC:ME).
Globex, Noranda in option deal
An option agreement to earn up to a 70% interest in the Lyndhurst project north of Rouyn-Noranda, Que., from Globex Mining Enterprises (ME) has been signed by Noranda Exploration, a unit of Noranda (T…
Westmin posts first-half loss despite lower operating costs
Despite reductions in operating costs, Westmin Resources (TSE) reported a net loss of $5.85 million in the 1991 second quarter after preferred dividends, and a net loss of $11.03 million in the 1991 f…
Promising assays for Kirkton
Kirkton Resources (CDN) has received some encouraging results from a recently completed trenching and sampling program on its Shunsby base metal prospect in the Swayze greenstone belt southwest of Tim…
PRODUCER PRICES (August 26, 1991)
ALUMINUM: MW U.S. market US57.75-58.50 cents per lb. (Aug. 8, 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). CADM…
PEOPLE (August 26, 1991)
William Trimble appointed president and director; Fraser Martin appointed secretary/director.
BOOK BRIEFS (August 26, 1991)
Yesterday, Today and Tomorrow, by Matt Bray and Ross Danaher. Published by The Association of Mining Municipalities of Ontario. 45 Hillside Drive North, Elliot Lake, Ont. P5A 1X5. 38 pages. The Associ…
Cambior shifts to base metals with U.S. acquisition
Gold producer Cambior (TSE) has made a move into the base metal field south of the border by acquiring a company with copper prospects in Arizona, Idaho and Nevada. A wholly owned subsidiary, Cambior …
EDITORIAL PAGE (August 26, 1991)
The failure of gold to react to the crisis in Moscow is clear evidence that gold is just another commodity on the world’s trading markets. But then the world has become blase about political crises al…