Pegasus floats new offering
An offering worth about $44.6 million, involving the sale of three million units in Canada and Europe only, has been announced by Pegasus Gold (TSE). The gold producer said each unit, to be priced at…
News
Unlisted Trading McNickel up 8 cents
News of McNickel’s plans to earn a 50% interest in a tire recycling joint venture more than doubled the value of the junior explorer’s shares. On thin volume, McNickel gained eight cents to close at 1…
EDITORIAL PAGE Back to basics
“The history of mining until this century was one of small-scale operations, often crude in terms of technology and hazardous to health and safety but nevertheless providing the necessary mineral raw …
Commodity prices decline in April
Declining metals prices contributed to a lower all-commodity price index in April, Scotiabank reported from Toronto. The index fell by 0.9% in April after a slight gain in March. Gold, sulphur and co…
Search for new reserves keeping majors occupied
While Falconbridge Ltd.’s exploration programs are countrywide, the major exploration project in the Sudbury region is the Thayer Lindsley (TL) underground exploration program. The 16-ft. diameter sha…
Trimin sitting on cash
The sale of its 32.9% interest in the Hanson Lake copper-zinc- silver property in northern Saskatchewan boosted earnings for Trimin Resources (TSE) to $7.3 million for the year ended Feb. 28, 1991. Th…
Inco, union form green team
The United Steelworkers of America has teamed up with Inco (TSE) to create an Environmental Awareness Committee, the first of its kind in Canada. To be co-chaired by Inco vice-chairman Walter Curlook…
Alberta Stock Exchange Indigo doubles
Shares of Indigo Gold Mines doubled in price during the week ended June 11 after the company announced an option agreement on the Oweegee Dome property in north-central British Columbia. Bolstered by …
Large porphyry copper deposits drawing attention
Copper has always played an important role in British Columbia’s metal mining industry, consistently accounting for the lion’s share of the province’s yearly metal production on a dollar-value basis. …
METAL PRICES FUTURES PRICES (June 17, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER(HG) (in US cents per lb.) Jun 101.55 99.70 100.40 + 1.10 Jul 102.10 99.80 100.70 + 1.30 Aug 100….
Montreal Exchange New Louvem owner
An agreement-in-principle with St. Genevieve Resources will see Noranda become the majority owner of Societe Miniere Louvem, which is part-owner of the Louvicourt massive sulphide project northeast of…
UPG to build mill in Philippines
United Pacific Gold (VSE) has exercised an option to build a gold and silver recovery plant at its Dipore property in the southern Philippines. The plant, expected to cost about US$800,000, will proc…