METAL PRICES FREE MARKET (June 10, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 4 June 3 May 31 May 30 May 29 Copper 1296-1298 1272-1273 1…
News
U.S. REPORT Placer drops Talapoosa
After completing a first-stage exploration program on the Talapoosa property owned by Athena Gold (VSE), a unit of Placer Dome (TSE) opted to drop the Nevada gold property. Placer had the right to ea…
METAL PRICES PRODUCER PRICES (June 10, 1991)
ALUMINUM: MW U.S. Market US59.25-60.25 cents per lb. (May 23, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.90-3.05 per lb. (May 23, 1991). CAD…
EDITORIAL PAGE Keeping secrets
Public companies have to walk a fine line when it comes to public disclosure. They want to keep existing investors up to date and attract potential investors with information about their current work,…
“If we hadn’t found this zone . . .Holt-McDermott gets more ore
The Mattawasaga discovery, east of American Barrick Resources’ (TSE) Holt-McDermott mine in northeastern Ontario, has quickly grown into a sizable ore zone accounting for 45% of the mine’s reserves. A…
Free trade for geologists
All necessary operational procedures are in place at U.S. Immigration and Naturalization Service offices for Canadian geologists to obtain entry into the U.S. as professionals under the terms of the F…
Cameco plans public offering
In line with its goal to become a private corporation by 1995, Cameco has filed a preliminary prospectus for a $100-million share offering. RBC Dominion Securities, leading a group of underwriters, w…
Inco workers accept contract
Employees at Inco’s (TSE) Sudbury, Ont., nickel operations recently voted to accept a new 3-year wage contract which provides for a wage increase, including cost of living allowances and nickel price …
U.S. REPORT Noranda extends zone at New World
Recent drilling by a unit of Noranda (TSE) on the New World property in Montana encountered gold-silver-copper mineralization in the Homestake Breccia deposit at deeper levels than encountered by prev…
Placer Dome drops Windy property
Junior Big Bar Gold (VSE) is without a mineral property now that Placer Dome (TSE) has terminated an agreement allowing Big Bar to acquire an interest in the Windy property in north-central British Co…
Program planned for GNC claims (June 10, 1991)
A major exploration program will be carried out this season on the GNC claims which surround the Eskay Creek project north of Stewart, B.C. The program will be operated by Corona (TSE) on behalf of Pr…
U.S. REPORT Bull Run sitting on cash
With about US$5.6 million in cash and no debt, Bull Run Gold Mines (NASDAQ) is searching for investment opportunities in the resource field. The company sold its 40% interest in the Big Springs gold m…