Metal Prices FREE MARKET (April 22, 1991)
ondon Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date April 16 April 15 April 12 April 11 April 10 Copper 1359-1361 1353-1354 1376-1378 137…
News
Teck buys stake in Prime, picks up property options
Following the collapse of an estimated $5-million financing deal earlier this year with a “major mining company” widely believed to be Kennecott, Prime Equities (VSE) has negotiated a funding deal wit…
No comment yet on Brunswick strike
Striking miners at Brunswick Mining & Smelting’s (TSE) lead-zinc operation in New Brunswick recently voted 64% against the company’s latest offer, which included a 24% wage increase over 42 months. Re…
Inco chairman in optimistic mood
If Inco’s (TSE) performance is any indication of the overall health of the industry, base metal mining may be on the verge of a turnaround. As Chairman Donald Phillips stressed at the opening of this …
GOLD FUNDS (April 22, 1991)
Gold funds as of Apr. 16 BGR Central Net Value $9.19 $5.09 Price $7.63 $4.800 Discount 16.97% 5.7% Value $54,739,816 $80,756,640…
Van Stone up and running
Shipments of zinc concentrates from the Van Stone zinc mine owned by Equinox Resources (TSE) and a syndicate of European investors have started. The concentrate is shipped from the mine in northern Wa…
Alcan posts dismal first quarter
Blaming economic woes in both North America and Brazil, two of the company’s most important markets, Alcan Aluminium reported a net loss of US$1 million (3 cents per share) for the first quarter of 19…
U.S. REPORT Eastmaque reports record production
The American Girl Mining joint venture reported record production for the month of March, producing 7,345 oz. gold from its open pit and underground operations. Eastmaque Gold Mines (TSE) owns a 50% i…
Asbestos group
An agreement has been signed between the Asbestos Institute of Montreal and the asbestos industry of the Soviet Union aimed at improving health and safety in the industry. The International Fibre Safe…
Cons. Professor’s Dupont project has serious implications for the
The uncertainty clouding Consolidated Professor’s (TSE) designation under Ontario’s Environmental Assessment Act (EAA) could have a dramatic impact on the approval process for Canadian mines, says Rog…
Unlisted Trading Peat financing
Trading volumes for the junior mining issues slumped during the week ended April 16 as investors continued to wait out the recession. But in the meantime, Peat Resources announced the company is just …
Goldstrike’s growing output boosts Barrick’s earnings
American Barrick Resources (TSE), the power house of the North American gold mining industry, continues to build on its own success. The Toronto-based company reported record first-quarter earnings of…