Pronto in default on Wilanour bet
According to a notice from partner TVX Gold (TSE), Pronto Explorations (TSE) is in default of joint venture payments totalling $613,942 — Pronto’s share of expenses for the Wilanour property at Red L…
News
Spot prices at a glance (June 10, 1991)
Price (US) Week’s Change Gold* $361.60 + $ 0.85 Silver* $ 4.17 + $ 0.03 Platinum* $378.50 — $14.15 Nickel** $ 3.70 — $ 0.04 Lead** $ 0.24 …
U.S. REPORT Cominco Resources tests imported ore
A 20,000-tonne test shipment of imported nickel ore is expected to be received this month at the Glenbrook nickel smelter in Riddle, Ore. Cominco Resources International (TSE), which owns 50% of the …
U.S. REPORT Production decision for Beartrack expected from FMC by
A production decision is expected sometime later this year for the advanced Beartrack gold project in Lemhi Cty., Idaho. FMC Gold (NYSE) has a 71% interest in the property comprised of the North and…
Lenora considers Mexico for potential exploration work
With cash in its treasury, Greater Lenora Resources (TSE) is looking for development from its Canadian property interests in Quebec, Ontario, Saskatchewan and the Yukon, and is even looking to Mexico …
Atlas acquiring Nerco properties
Directors of Atlas (NYSE) recently approved an agreement-in-principle with a unit of Nerco (TSE) whereby Atlas will acquire Nerco’s interest in about 751 unpatented mineral claims in Nevada and Oregon…
MVP offer to Swiss bondholders
Toronto-based MVP Capital (TSE) is preparing to make an exchange offer to European holders of 13.3 million Swiss Francs ($10.7 million) worth of secured convertible bonds. Assuming MVP can raise the n…
Technology keeps platinum on a roller coaster
News that Japanese automaker Nissan has developed a platinum-free catalytic converter recently sent platinum futures prices in New York falling and palladium prices climbing. It was a brief market fl…
EDITORIAL PAGE Co-ordinating efforts on Mining Week
Any effort to increase public awareness of mining’s positive role in Canadians’ lives is laudable. Devoting one week in the year to tell the mining industry’s story is one such effort. An example is …
Insider Trading Inco executives buy low, sell near high
A number of Inco (TSE) executives made a substantial profit recently after exercising options at a hefty discount to the nickel miner’s May 29 trading price of US$38.62. According to the Ontario Secu…
Court rules against Tagish on Eskay Creek dispute
Tagish Resources struck out once again in its bid to gain title to the TOK 3-6 claims which host the bulk of reserves on the Eskay Creek gold property north of Stewart, B.C. Eskay Creek is owned 50% …
Falco to construct new SO2 plant
A liquid sulpher dioxide plant will be built at the Kidd Creek mine in Timmins, Ont., following an agreement between Falconbridge and Masulex, a major supplier of SO2 and sulphuric acid. Under the agr…