Spot prices at a glance (April 01, 1991)
Week’s Price (US) Change Gold* $357.10 — $ 7.10 Silver* $ 3.90 — $ 0.14 Platinum* $390.00 — $11.45 Nickel** $ 4.05 + $ 0.07 Lead** $ 0.27 $ 0.00 Copper{ $ 1.09 + $ 0.01 Zinc{{ $ 0.54 + $ 0.00 Court…
News
Early start for Chuchi Lake
A $1 million exploration program funded by Digger Resources (VSE) and equal partner BP Resources Canada (TSE) is under way at the Chuchi Lake copper-gold project in north-central British Columbia. The…
Samatosum may have new zone below known reserves
Underground drilling at the Samatosum mine has intersected high-grade mineralization 10 metres below the known extent of reserves. The Samatosum mine, near Kamloops, B.C., is a 70-30 joint venture bet…
TSE volumes, value decline
While the value of shares traded on the Toronto Stock Exchange was down 23.5% in 1990 from 1989 levels, the exchange remains second only to the New York exchange in North America. In 1990, $64 billion…
Quebec offers bright spot as PDAC rides out rocky time
There was a hint of anxiety in the air at this year’s annual Prospectors and Developers Association of Canada (PDAC) convention in Toronto, as representatives of the mining community pondered a rocky …
Mackiw honored at AIME banquet
Vladimir Mackiw, retired executive vice-president of Sherritt Gordon, was recently honored by the American Institute of Mining, Metallurgical and Petroleum Engineers (AIME) at its annual banquet. Mack…
Princeton earnings drop
Higher costs and lower revenues brought about a sizable drop in earnings for Princeton Mining (TSE) in 1990 over the previous year. Princeton reported earnings of $10.8 million for 1990, a significant…
Forbex buys Poirier stake
Forbex Mining (ME) has reached an agreement with Bonanza Metals (ASE) to acquire the latter company’s 50% interest in the past-producing Poirier base metal property in northwestern Quebec. The deal ca…
Homestake gives to Golden Bear
Despite writing down its investment in North American Metals (TSE) by US$32.2 million last year, Homestake Mining (NYSE) recently provided the company about $2.3 million in additional financing. North…
METAL PRICES FUTURES PRICES (March 25, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER (HG) (in US cents per lb.) Mar 107.85 107.10 107.40 – 3.70 Apr 106.50 106.00 106.80 – 2.45 May 106.20 105.20 105.95 – 2.30 SILVER (in US cen…
U.S. REPORT Pegasus to option Fischer property
A letter of understanding has been signed by Pegasus Gold (TSE) and Fischer-Watt Gold (NASDAQ) allowing Pegasus to earn a 77% interest in the Emigrant Gulch prospect in Park Cty., Mont. To earn the in…
Noranda earnings to drop in 1991
Toronto-based Noranda (TSE) foresees lower earnings and cash flows in its four operating divisions this year unless there are unexpected increases in commodity prices or a drop in the value of the Can…