Spot prices at a glance (July 01, 1991)
Price (US) Week’sChange Gold* $366.00 — $ 1.30 Silver* $ 4.42 — $ 0.01 Platinum* $374.90 + $ 6.65 Nickel** $ 3.80 — $ 0.06 Lead** $ 0.25 …
1991
Montreal Exchange More Cambior drilling
Encouraged by the results from a drilling program at the Sleeping Giant gold property north of Amos, Que., Cambior has approved a further $3.6-million expenditure for underground exploration. The Val …
EDITORIAL PAGE Tax Freedom Day
It might be because the GST comes up every time a cash register rings, but it seems the average Canadian’s tax burden has grown substantially over the past year. In fact, according to the Vancouver-ba…
Noranda earning interest in Norite
Exploration funding for the Norite property owned by Consolidated Pine Channel Gold (VSE) has been arranged through a unit of Noranda (TSE). Pine Channel signed a letter of intent giving Noranda the r…
Kennecott in Mexican venture
Based on a recent letter of intent, Kalahari Resources (VSE) and a unit of Kennecott plan to form a joint venture to explore the La Parranda group of mining concessions in the state of Chihuahua, Mexi…
Chase gearing up to develop Taysan
By the end of 1993, Chase Resources (VSE) hopes to have a bankable feasibility study in hand for its Taysan copper-gold project in the Philippines. The company plans to start the first phase of a dev…
Sherritt bids for oil firm to ensure refinery’s fuel supply
In a bid to secure long-term fuel supplies for its Alberta nickel refinery, Sherritt Gordon (TSE) has signed a letter of intent to acquire all the outstanding shares of Canada Northwest Energy Ltd. Un…
PEOPLE ARIES RESOURCES
Leslie Hart appointed president and chief executive officer; Robert Downes appointed director.
King Miner from Con crowned during N.W.T.’s Mining Week
A stope miner at the Con mine of Nerco Minerals in the Northwest Territories, Trevor Martin, won four of 16 events to take the overall title at the recent King Miner contest. The event was part of th…
PEOPLE GREYHAWK RESOURCES
David Rennie appointed president; Robert Lambie appointed director.
U.S. REPORT Galactic-Cornucopia merger in jeopardy
A merger between Galactic Resources (TSE) and Cornucopia Resources (TSE) may not be completed after Galactic failed to meet a condition of the merger agreement. The boards of the two companies agreed…
Copper Council meets in Quebec
About 90 delegates gathered here recently to attend a quarterly meeting of the American Copper Council and take part in, among other activities, a discussion on free trade agreements in North America….