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 …
1991
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…
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…
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…
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…
Judge queries Pezim case ruling
A judge with the British Columbia Supreme Court disagrees with part of a ruling of the B.C. Securities Commission concerning a case against promoter Murray Pezim and two associates over insider-tradin…
Pilot plant next step for Peat
If Peat Resources (CDN) is successful in securing private sector financing, the company will construct a $4.5-million pilot plant to produce tonnage-scale quantities of peat fuel. Peat President Leon …
Potash Corp. profit up
The first-quarter profit of Potash Corp. of Saskatchewan is expected to be in the range of $11-13 million, up from $3.6 million in the year-earlier period, said Chairman Charles Childers. Childers rec…
FUTURES PRICES (April 22, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in UScl per lb.) Apr 108.35 108.10 108.15 +1.45 May 108.80 108.10 108.55 +1.40 Jun 108.05 107.95 108.05 +1.65 SILVER (in UScl per oz.)…