Where would you rather have your gold mine?
Where would you rather have your gold mine? The U.S. or Canada? Exploration potential, cost of exploration and development, and generally shareholder reward continue to favor the U.S. over Canada. A c…
News
FUTURES PRICES (April 15, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Apr 107.50 106.60 106.70 — 2.69 May 108.20 106.65 107.15 — 2.55 Jun 107.00 106.40 106.40 — 2.05 SILVER (in US …
Spot prices at a glance (April 15, 1991)
Week’s Price (US) Change Gold* $363.65 + $ 5.80 Silver* $ 4.02 — $ 0.05 Platinum* $406.00 + $ 7.50 Nickel** $ 4.13 + $ 0.05 Lead** $ 0.28 $ 0.00 Copper{ $ 1.12 + $ 0.01 Zinc{{ $ 0.59 + $ 0.04 Courtes…
Financing agreement will let Nugget Pond work resume
An agreement in principle has been reached between privately owned National Mineral Corp. and Bitech Corp. (ASE) that will see exploration work resume on the latter’s Nugget Pond gold property in nort…
PEOPLE STRAND RESOURCES
Henri Zausznica appointed a director.
PEOPLE CHELAN RESOURCES (April 15, 1991)
Malcolm Stevenson appointed president of the board succeeding Kenneth Herrmann who resigned.
Holmer acquiring Chevron interest
Holmer Gold Mines has agreed to acquire Chevron Minerals’ interest in the Bristol Twp. gold property near Timmins, Ont., for 400,000 shares of Holmer. The agreement is subject to regulatory approval. …
Vancouver Stock Exchange Goldbelt plans exploration work
The VSE resource and composite indices remained little changed over the week ended April 9. The resource index posted a 4-point drop to 570.34 while the composite index remained virtually unchanged at…
High interest rates, low prices make 1990 `a disappointing year”
Any way you look at it, the year 1990 will not be remembered fondly by many Canadian mining companies that have seen their profits plunge in the wake of falling metal prices, high interest rates and r…
Samatosum drilling extends new zone
Underground drilling at the Samatosum mine near Kamloops, B.C., has extended the strike length of the new zone of mineralization to about 50 metres in total. The Samatosum mine is owned 70% by Minnova…
Coventant to merge with El Condor
Exploration budgets totalling about $2.5 million are being planned for a number of projects in British Columbia’s “Golden Triangle” held directly and indirectly by Goldbelt Mines (VSE). Goldbelt and a…
WAMIC plans fiesta day
The Women’s Association of the Mining Industry of Canada (WAMIC) will present its “South of the Border Fiesta” at Sheehan’s farm at Caledon East (northeast of Toronto) on Sept. 7 between 11 a.m. and 6…