PRODUCER PRICES (October 21, 1991)
ALUMINUM: MW U.S. market US52.60-53.50 cents per lb. (Oct. 3, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADM…
1991
Kennecott extends zone on Lockwood property
Situated near Everett, Wash., the Lockwood property is owned 65% by Island-Arc Resources (VSE) and 35% by Formosa Resources (VSE). The two juniors financed early work on the property which led to Isla…
Arimetco gets copper values above Ann Mason deposit
Copper oxide specialist Arimetco International (TSE) recently obtained some encouraging results from drilling at a huge copper deposit located three miles from its Yerington mine in Nevada. The revers…
NEWS IN BRIEF (October 21, 1991)
Glenvet Resources Ltd. (GVT:VSE) has changed its name to Fort Point Resources Ltd. (FTP:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
Merge of Rio not on Uranium agenda
The proposed merger of Rio Algom (TSE) and in situ leaching specialist Uranium Resources (TSE) will not be discussed at Uranium’s Nov. 7 annual meeting in Dallas. The Texas company has twice postponed…
Spot prices at a glance (October 21, 1991)
Week’s Price (US) Change Gold* $356.40 – $1.20 Silver* $ 4.05 – $0.03 Platinum* $365.75 + $9.00 Nickel** $ 3.35 – $0.07 Lead** $ 0.23 – 0.01 Copper $ 1.07 – 0.01 Zinc $ 0.44 – 0.01 Courtesy of Scotiab…
Companies face criminal charges
Criminal charges have been laid against Royal Oak Mines (TSE) (and its predecessor, Pamour Inc.) by the Ontario Ministry of the Environment in connection with the Oct. 17, 1990, tailings spill at the …
NEWS ROUNDUP (October 21, 1991)
Because of recent changes in management and the threat of another mail strike, Toronto-based Madeleine Mines (TSE) has postponed its annual meeting until further notice. The annual meeting was schedul…
The facade of Soviet mining
Editor’s note: The president of Toronto-based Franco-Nevada Mining Corp., Pierre Lassonde, wrote about his summer trip to the Soviet Union, extractions of which follow. On Aug. 1, 1991, I left New Yor…
New treatment for complex ores gets field test in New Brunswick
The treatment of refractory gold ores has spurted ahead in the last 10 years with plants now operating in Nevada, California and Utah. Canada has not been left out of the picture — the first autoclav…
U.S. REPORT (October 21, 1991)
Despite its success with the Crown Jewel and Kettle River projects in northeastern Washington state, Crown Resources (VSE) does not appear willing to rest on its laurels. Crown is actively searching f…
FUTURES PRICES (October 21, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 105.95 104.80 105.60 – 2.40 Nov 105.15 104.30 105.00 – 2.00 Dec 104.50 102.80 104.10 – 1.90 SILVER (in US cen…