Cambior, Kimex review Porcupine
Partners Cambior (TSE) and Kimex Resources (ME) are planning a “preliminary economic evaluation” of the Porcupine gold property near Rouyn-Noranda, Que., after receiving results from four holes drille…
1992
Cradle Mountain raises $100,000
Vancouver-based Cradle Mountain Canada (ASE) has completed a private placement of 1.06 million shares at 10 cents per share. Proceeds of the transaction will be used for working capital and to pay out…
Reynolds opens mine in Guyana
Reynolds International, a unit of Reynolds Metals (NYSE), and the government of Guyana recently celebrated the startup of their joint enterprise, Aroaima Bauxite. Aroaima hosts more than 25 million to…
Battle zone gives second success at Westmin’s Myra
Ongoing drilling by Westmin Resources (TSE) is returning more encouraging results from the Gap-Battle zone area of the Myra Falls mine property near Campbell River, B.C. Westmin produces copper and zi…
FUTURES PRICES (January 06, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 98.30 97.40 97.70 0.00 Feb 98.20 98.20 98.05 + 0.25 Mar 99.10 98.10 …. SILVER (in US cents per oz.) Jan 385…
Metal Prices (January 06, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 31 Dec 30 Dec 27 Dec 26 Dec 25 Copper NA 1165-1166 NA NA NA Lead NA 295-296 NA N…
Producer Prices (January 06, 1992)
ALUMINUM: MW U.S. market US50.75-51.25 cents per lb. (Dec. 19, 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). CAD…
Corona announces plans to merge Prime, Stikine
Minority shareholders of Stikine Resources will have the opportunity in early 1992 to tender their shares to International Corona (TSE) in exchange for preferred shares of Corona at $70 per share. The…
Montreal Exchange (January 06, 1992)
Daily trading volumes plummeted during the holiday-shortened week ended Dec. 30, but both the general market portfolio index and the mining and minerals index soared. The former gained 51.6 points and…
Northgate offering delayed for now
Toronto-based Northgate Exploration (TSE) has delayed its rights offering and the terms of the offering may change. The company says the offering has not received the anti- cipated final regulatory ap…
Metal prices boost commodity index
Stronger zinc, gold and copper prices more than offset weaker nickel, lead and aluminum prices in November, helping the commodity price index of Scotiabank edge up for the second straight month. Howev…
1991 — A Look Back (January 06, 1992)
Low metal prices and a nation-wide recession shattered central Canada’s once vibrant mining sector in 1991. As mines closed, balance sheets bled and exploration geologists fled to more hospitable envi…