PRODUCER PRICES (May 06, 1991)
ALUMINUM: MW U.S. Market US63.50-65.75 cents per lb. (Apr. 18, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). C…
News
Toronto Stock Exchange Newmont drilling sparks Atlanta Gold stock
A new “socialist budget” in Ontario and a drop in both Canadian and U.S. interest rates were among the items to be considered during the week ended April 30. There was little in store for mining in an…
Atlanta moves up on Newmont deal
As European investors moved to buy up shares of Vancouver-based gold explorer, Atlanta Gold (TSE), the issue has risen to $2.85 from its April 6 trading level of $1.26 on heavy volume. Investors are b…
Insider Trading Sherritt executives on buy side
Sherritt Gordon (TSE) Chairman Ian Delaney and President Bruce Walter recently delivered on a promise to invest more of their own money in the Toronto-based metal refiner and fertilizer producer. Acco…
Queenston, Strike plan third drilling phase at Robertson prospect
Encouraged by evidence of volcanogenic massive sulphides, partners Queenston Mining (TSE) and Strike Minerals (CDN) are planning a third drill program for their Robertson copper-zinc prospect near Mat…
Denison closing Elliot Lake mine
Ontario Hydro has already begun shopping around for new uranium sources to replace the amounts supplied under recently cancelled long-term contracts signed with Denison Mines (TSE). While uranium prod…
Goldbelt to consolidate
With a view of making its shares more attractive to potential investors, Goldbelt Mines (VSE) is proposing a 1-for-2 consolidation of its share capital. The company has 16,748,024 shares outstanding …
Smelter problems lower Cominco earnings
Cominco President Robert Hallbauer didn’t mince words at the company’s recent annual meeting when he called 1991 first-quarter results “terrible,” or 1990 “a difficult year.” The company’s problems a…
Vancouver Stock Exchange Takeover bid could stir market
Trading activity in Vancouver may be stuck in a sideways pattern, but some observers think things could change if a takeover battle begins to heat up over St. Philips Resources. Today, May 1, El Cond…
LETTERS TO THE EDITOR Walli nomination receives support
Regarding the article “Haileybury teacher should be recognized” (T.N.M., Apr. 22/91), I fully support Russell Thompkins’ nomination of Ozzie Walli to the Canadian Mining Hall of Fame. I met Ozzie shor…
LETTERS TO THE EDITOR Quotation taken out of context
I am writing with regard to an article, “Trip heightens analysts’ enthusiasm for Chile” (T.N.M., April 15/91), in which our gold analyst was quoted. I am concerned that the quotation attributed to Ele…
Minnova rethinks strategy after Samatosum
The original investments Minnova (TSE) made in the Winston Lake and Ansil mines have been paid off, and the company is in the enviable position of having a substantial cash balance, shareholders learn…