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…
News
Platinum cube
It has been estimated that if all of the platinum ever mined in the world was formed into a cube, the cube would measure about 15×15 ft. on each side. South Africa and the Soviet Union supply most of …
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 …
On the Level (October 21, 1991)
I often wonder if the average Canadian really worries about our national debt. To me it’s scary, for it affects almost every facet of our everyday life. This country is in terrible financial straits. …
New Kelore plans to amalgamate with Pan Orvana
Private Vancouver company Pan Orvana Resources has agreed in principle to amalgamate with Toronto-based New Kelore Mines (TSE). Conditional on director, shareholder and regulatory approval, the merger…
Toronto Stock Exchange (October 21, 1991)
Riding on lower interest rates, a firmer gold price and share price advances in New York, the Toronto market rallied to post its largest one-day gain for several months during the week ended Oct. 15. …
Unlisted Trading (October 21, 1991)
Despite a lacklustre market, Black Gregor Explorations’ continuing efforts to enlist major companies as joint venture partners for its properties have sustained investor interest in recent weeks. The …
Minnova drops Fireweed project
After carrying out about 9,000 ft. of drilling on the Fireweed property near Smithers, B.C., Minnova (TSE) decided to terminate its option to earn a 70% interest in the project from Mansfield Minerals…
NovaGold takes technology risk
Gerry McConnell, president of NovaGold Resources (TSE), firmly believes that the long-term survival of his company depends on a healthy degree of risk. That strategy explains NovaGold’s ambitious fora…
Similco strike over
The recent vote in favor of a new collective agreement ends a 4.5-month strike at the Similco open pit copper mine near Princeton, B.C. The mine is owned by Princeton Mining (TSE). Employees will be r…
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…
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…