FUTURES PRICES (March 18, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG)(in US cents per lb.) Mar 110.60 110.00 111.10 -0.70 Apr 109.60 109.20 109.25 -1.40 May 108.70 107.60 108.25 -1.50 SILVER (in US cents p…
News
Queenston financed for Robertson plan
Toronto-based Queenston Mining (TSE) recently completed an offering in Europe consisting of 500,000 shares at $1.15 each. Deacon Barclays de Zoete Wedd Ltd. acted as Queenston’s agent in arranging the…
Highwood acquires property interest
Toronto-based Highwood Resources (TSE) is acquiring from Nanisivik Mines the right to earn a 25% interest in a copper exploration project in the High Arctic. The project is on Victoria Island and is b…
Windy finds new zone at MacLeod
Recent drilling has intersected a new low-grade copper zone, the South zone, on the MacLeod Lake property north of Chibougamau, Que. Extending over a strike length of 500 metres, the South zone dips s…
Williams reserves up by 600,000 oz.
Last year’s exploration program at the Williams gold mine near Hemlo, Ont., outlined enough ore to replace 1990 production. This is all Corona (TSE) spokesman Brian Hay was willing to say about explor…
Hydro obliged to save jobs at Elliot Lake: union boss
The Ontario director of the United Steelworkers of America says Ontario Hydro has an obligation to protect the livelihoods of 660 mine workers who still have jobs at Denison Mines’ (TSE) Elliot Lake, …
Contracting doubles Hillsborough profits
Toronto-based Hillsborough Resources (TSE), which is developing the Mt. Hundere lead-zinc project in a joint venture with Curragh Resources (TSE), succeeded in doubling its profits during 1990. For th…
Good copper hole at Deak’s Magusi
Shares of Deak Resources (TSE) rose to new highs after the company reported an intersection of 32.5 ft. grading 3.3% copper from follow-up drilling on its Magusi base metal property in northern Quebec…
Assays awaited on Orex’s Goldboro
A 4-hole test drilling program has been completed by Minnova (TSE) on Exploration Orex’s (ME) Goldboro property in Guysborough Cty., N.S. The program was designed to confirm results from four earlier …
Vancouver Stock Exchange Eurus, Thios prices in retreat
The Vancouver Stock Exchange indices took a breather over the week ended March 13, 1991, after the past month’s mini-rally. The composite index inched up about five and a half points to finish at the …
TORONTO STOCK EXCHANGE INDICES (March 18, 1991)
Mar.12 Mar.11 Mar.8 Mar.7 Mar.6 HIGH LOW Composite “300”3544.41 3555.00 3571.42 3564.04 3571.53 4009.47 3009.91 Metals & Minerals3217.09 3204.19 3235.65 3237.50 3244.10 3453.06 2502.63 Integrated Mine…
FINANCING (March 18, 1991)
Blue Sun Resources Corporation — 1,000,000 units consisting of 1 sh & 2 wts offered @ 40 cents per unit. Crisan Resources Ltd. — 1,400,000 shs offered @ 55 cents per sh. Pulse Resources Ltd. — 1,25…