Guest Column (October 14, 1991)
At least 25% of Canadians live in rural, often remote, single-industry communities. The 115 communities dependent on the minerals and metals industry alone contributed 4.5% of Canada’s Gross Domestic …
News
Shareholders give nod to Corona restructuring proposal
Shareholders of International Corona (TSE) voted overwhelmingly in favor of a controversial proposal to become a pure gold mining company by transferring its non-gold assets into a new public company,…
NWMA sponsors report competition
A new feature has been added to this year’s Northwest Mining Association annual convention and trade show to be held in Spokane, Wash., Dec. 1-6. The well-attended convention attracts participants fro…
NEWS ROUNDUP (October 14, 1991)
Because of supply disruptions and technical difficulties, zinc metal production at Noranda Minerals’ electrolytic reduction plant at Valleyfield, Que., is expected to be below its 230,000-tonne-per-ye…
TORONTO STOCK EXCHANGE INDICES (October 14, 1991)
Oct 8 Oct 7 Oct 4 Oct 3 Oct 2 High Low Composite “300” 3353.71 3357.13 3378.87 3393.28 3393.59 4009.47 3009.91 Metals & Minerals 2761.97 2761.80 2779.61 2804.84 2836.52 3453.06 2502.63 Intergrated Min…
High-tech end uses anticipate growth in demand for gallium
From computer chips to compact disk players, from solar cells in satellites to the phased-array radar systems which operated during the Persian Gulf War, gallium plays a key role in many areas of toda…
Unlisted Trading (October 07, 1991)
The market seems to have ignored the results of a separate feasibility study on Teddy Bear Valley Mines’ portion of the Lightning gold zone near Matheson, Ont., into which Hemlo Gold Mines, Freewest R…
U.S. REPORT (October 07, 1991)
Copper oxide specialist Arimetco International (TSE) is teaming up with Holcorp Mines (CDN) to acquire a 100% interest in 305 unpatented mining claims located beside Arimetco’s Yerrington mine in Lyon…
Eastmaque losses mount
Although the company is operating on a positive cash flow basis, Eastmaque Gold Mines (TSE) continues to report losses. For the three months ended June 30, the company lost $500,000 on revenues of $5….
GOLD FUNDS (October 07, 1991)
BGR Central Net Value $8.31 $5.02 Price $7.63 $4.400 Discount 8.26% 12.4% Value $49,485,036 $74,026,920…
FREE MARKET (October 07, 1991)
TSpot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 1 Sep 30 Sep 27 Sep 26 Sep 25 Copper 1324-1325 1333-1334 1349-1350 1360-1362 1348-1350 Lead 306-307 3…
Giant Pacific changing to Red Rock
Giant Pacific Petroleum (VSE) is awaiting permission from the Vancouver Stock Exchange to change its name to Red Rock Mining and consolidate its share capital on a 1-for-10 basis. Having gained shareh…