Alberta Stock Exchange Golconda falls 34 cents
During the week ended April 16, shares of Golconda Resources fell 34 cents to close at 77 cents on volume of nearly one million shares after the company released mediocre assay results from the first …
News
U.S. gold industry faces concentration
Ownership of the U.S. gold industry is likely to become increasingly concentrated during the next decade as producers grapple with rising interest charges, stringent environmental regulation and a pro…
Prime to build Iskut Valley road
The British Columbia government will provide financial assistance to Prime Resources Group (VSE) to build the 38-km portion of the Iskut Valley road west from Highway 37 to the Volcano Creek junction….
Copper combates zebra mussels
According to a recent report in Canadian Copper, a study is under way at the University of Toronto to evaluate the effectiveness of using copper and copper alloys to prevent the adhesion of zebra muss…
TORONTO STOCK EXCHANGE INDICES (April 22, 1991)
Apr. 16 Apr. 15 Apr. 12 Apr. 11 Apr. 10 HIGH LOW Composite”300″ 3539.73 3516.43 3509.39 3504.84 3494.06 4009.47 3009.91 Metals & Minerals3147.92 3120.02 3123.67 3116.87 3079.56 3453.06 2502.63 Integra…
U.S. REPORT New assay standards available
According to the Nevada Bureau of Mines and Geology, there are widespread reports among prospectors and geologists of specific laboratories or assayers whose results are suspect, unreliable or unverif…
Fuda buys Tyranite control
Salvatore Fuda, president of junior explorer Ontex Resources (TSE), recently acquired control of Tyranite Mines (CDN) by purchasing 1.4 million common shares of Tyranite under a private agreement. Whe…
U.S. REPORT ASARCO signs new wage deal
New York-based metals producer Asarco (NYSE) has signed a new 3-year wage deal with the United Steelworkers union which represents 130 employees at the company’s Glover, Miss., smelter and refinery. T…
Foreign element an integral part of mining activity across Canada
Over the years, Canada has “exported” much of its mining know-how and expertise. In return, it has benefited from the presence of overseas corporations willing to take a chance on the country, its peo…
Toronto Stock Exchange First-quarter profits push shares to record
The New York Stock Exchange’s Dow Jones Industrial Average reached an all-time high of 3,004.45 during the week ended April 17, as a number of key companies began releasing their first-quarter earning…
Hillsborough profit up
Higher contract revenues from the Westray coal project in Nova Scotia and the Mt. Hundere lead-zinc project in the Yukon helped Hillsborough Resources (TSE) double its profit in the first quarter of t…
Geology makes Red Lake high-potential area
Red Lake is still one of the high potential mining camps of Ontario, according to regional geologist Brian Atkinson. The primary reason is clearly the geology despite the widespread covering of overbu…