Platinum sinks below gold
For the first time in six years, platinum prices dropped below gold on the London Metal Exchange. During the last few days of July, platinum traded in the US$359-362 range, just shy of the presstime g…
News
Minnova cuts high grade at Seneca
Recent drilling on the Seneca property about 65 miles east of Vancouver intersected a narrow zone of rich massive sulphide mineralization. Minnova (TSE) is earning a 51% interest in the property from …
Unlisted Trading (August 05, 1991)
Preparing for a listing on The Toronto Stock Exchange, CanQuest Resources traded heavily for the week ended July 30. On a volume of 217,500 shares, the Vancouver-based junior picked up a nickel to clo…
Ecstall starts program on Forgold polymetallic project
A field exploration program budgeted at $410,000 is under way on the Forgold claims, 25 km north of Eskay Creek in the Iskut River region of northwestern British Columbia. The 2-phase exploration effo…
Corona unveils plans to divest non-gold assets
The board of International Corona (TSE) has approved a restructuring plan aimed at separating Corona’s precious metals business from its various other interests. The previously announced plan calls fo…
EDITORIAL PAGE (August 05, 1991)
International Corona shareholders are going to be busy for the next six weeks sifting through analyses of the company’s proposed restructuring that are already pouring forth from mining analysts. But …
Forget’s tactics rile Audrey, brokers
Audrey Resources (TSE) President Guy Hebert will resume discussions this week with representatives of Minnova (TSE) over development plans for the Mobrun polymetallic mine near Rouyn-Noranda, Que. Heb…
Alberta Stock Exchange (August 05, 1991)
Reports that Ontex Resources has struck a deal with Placer Dome for further exploration on the Brookbank gold property near Beardmore, Ont., boosted the junior stock by 50 cents to $2.50 during the we…
Montreal Exchange (August 05, 1991)
The general market portfolio index gained more than 15 points and the mining and minerals index almost three points in mainly lacklustre trading during the week ended July 30. Daily volumes ranged bet…
Radisson names new president
Quebec-based mining company Radisson Mining Resources (ME) reported the election of a new president and a settlement with its creditors. The new president is Jean-Marie Dupont. Appointed vice-presiden…
METAL PRICES (August 05, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 100.50 99.95 100.10 + 0.50 Sep 100.90 100.15 100.40 + 0.90 Oct 100.25 100.25 100.05 SILVER (in US cents per o…
Gold funds (August 05, 1991)
BGR Central Net Value $9.12 $5.18 Price $8.375 $5.000 Discount 8.13% 3.5% Value $54,278,513 $84,121,500…