Commodity index decline continues
Fuelled by a large decline in the metal and mineral, oil and gas and forest product sub-indices, the all-commodity index of Scotiabank fell by 1.7% in December from the previous month. The all-items i…
News
INSIDER TRADING Noranda sells part of Kerr
While senior executives at Noranda (TSE) continue to position the company to cope with the economic recession, Toronto-based Noranda was recently selling a portion of its position in Kerr Addison Mine…
Toronto Stock Exchange Indices (February 11, 1991)
Feb. 5 Feb. 4 Feb. 1 Jan. 31 Jan. 30 HIGH LOW Composite”300″ 3365.82 3327.91 3293.49 3272.90 3248.69 4009.47 3009.91 Metals & Minerals3030.13 3001.59 2923.25 2918.51 2889.01 3453.06 2502.63 Integrated…
Judge dismisses Barrick action
A New York supreme court judge recently dismissed American Barrick Resources’ (TSE) bid to sue Gold Standard (NASDAQ) for alleged defamation in relation to an ownership dispute over the Mercur gold mi…
Westfield ups Northgate stake
Toronto-based holding company Westfield Minerals (TSE) recently increased its stake in Northgate Exploration (TSE) to about 15% from 10%. Having recently purchased 1.4 million common shares of Northga…
OBITUARY Hector Monette
Hector Monette, noted mining engineer, died recently in Quebec. He was 78. Born in Montreal, Monette graduated from the Military College of Kingston in 1934 and from McGill University in 1936. Upon gr…
Spot prices at a glance (February 11, 1991)
Week’s Price (US) Change Gold* $360.90 — $8.85 Silver* $3.81 Platinum*$379.75 — $6.75 Nickel** $3.85 + $0.01 Lead** $0.27 Copper- $1.08 + $0.01 Zinc $0.53 + $0.01 Courtesy of Scotiabank. Information…
Arizona produces $3-billion worth of minerals
Recently released by the Department of Mines and Mineral Resources, Directory of Active Mines in Arizona — 1991 lists 55 companies, 94 mines and 123 sand-gravel operations. Arizona, the leading nonfu…
Letters to the editor In defence of engineers
It is disheartening to learn that some people have such a poor impression of the abilities and attitudes of professional engineers. Canadian mining engineers have developed innovative mining technique…
Chamber meeting set in Nova Scotia
The Chamber of Mineral Resources of Nova Scotia annual meeting and seminar will take place Feb. 13-14 at Halifax. Guest speakers at the Feb. 13 dinner will include Jack MacIsaac, minister, Nova Scotia…
Murgold consolidates stock, changes name
Murgold Resources (TSE) has consolidated its stock on a 1-for-10 basis and changed its name to Arimathaea Resources (TSE). The company has also completed a private placement of four million units for …
Teeshin finalized Dome deal
The option agreement between Teeshin Resources (VSE) and Timmins Nickel (TSE) to place the Dome Mountain gold project into production has been finalized. Timmins can earn a 60% interest in the project…