Guest Column (November 04, 1991)
In my early trading youth in the U.S., a company that successfully climbed the corporate ladder would follow a definitive path in the trading of its securities. When it first went public, it would be …
News
Teck hurt by Cominco losses
Net earnings of $6.1 million or seven cents per share were reported by Teck (TSE) for its 1991 third quarter ended Sept. 30, down significantly from the $22.5 million or 27 cents per share reported in…
Mineral outlook conference set
The ninth annual Canadian Mineral Outlook Conference, to be hosted by Energy Mines and Resources (EMR) Canada and the Mining Association of Canada (MAC), is set for Nov. 26 at Ottawa. Theme of the 1-d…
Spot prices at a glance (November 04, 1991)
Week’s Price (US) Change Gold* $359.80 – $3.10 Silver* $ 4.11 – $0.04 Platinum* $363.00 – $4.10 Nickel** $ 3.37 + $0.03 Lead** $ 0.24 + $0.01 Copper $ 1.09 + $0.02 Zinc $ 0.45 …. Courtesy of Scotiab…
FUTURES PRICES (November 04, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 108.40 106.75 108.40 + 2.75 Dec 108.00 106.20 107.85 + 2.95 Jan 106.60 105.35 106.55 …. SILVER (in US cents…
CIM Newfoundland meeting to feature industrial minerals
The Newfoundland branch of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) will hold its 38th annual meeting on Nov. 7-9 in St. John’s. It will begin with a day-long Open House by the…
NEWS ROUNDUP (November 04, 1991)
Onitap Resources (TSE) says Exploration Orex (ME) defaulted on its July 1, $25,000 instalment payment for the purchase of the Goldboro deposit in Nova Scotia and has failed to make any subsequent mont…
Denison sells Sicily oil interest
Toronto-based Denison Mines (TSE) recently agreed to sell its 10% interest in the Vega oilfield offshore Sicily to an unnamed buyer who will assume $29.2 million in debt. As a result, Petromarine Ital…
Sudbury hosts royal visit
The mining town of Sudbury recently welcomed the Prince and Princess of Wales, who visited the northern Ontario community as part of a 6-day provincial tour. In honor of the visit, nickel producer Inc…
Teck options Montgay project
A letter of intent has been signed by Ressources William (ME) with Teck Exploration, a unit of Teck (TSE), which will permit Teck Exploration to earn a 51% interest in the 38-claim Montgay property ab…
Preliminary estimate boosts reserves at South Kemess
A recent preliminary reserve estimate has almost doubled reserves on the South Kemess property in north-central British Columbia to 140 million tons grading 0.23% copper and 0.017 oz. gold per ton. Th…
Cheni reports more losses
A drop in grades, coupled with lower gold and silver prices, helped push Cheni Gold Mines (TSE) into the red with a loss of $3.7 million or 33 cents per share for the nine months ended Sept. 30. The l…