Wharf opposes United Coin mine deal
Wharf Resources (TSE), the largest unsecured creditor of United Coin Mines (TSE), says it will fight to have a recent agreement between United Coin and MinVen Gold (TSE) revoked. Under the agreement, …
News
Wedged hole cuts zone at Vior’s Douay project
The wedging of a previously drilled hole on the Douay gold property in the Casa Berardi area of Quebec resulted in the intersection of a known mineralized zone, Societe d’Exploration Miniere Vior (ME)…
Placer’s output almost 1.7 million oz.
New ore discovered at nine operating mines are reported to have more than offset the 1.68 million oz. gold produced to the account of Placer Dome (TSE) in 1991. The Vancouver-based major said gold res…
Alaska production up 4% in 1991
Gold, coal, zinc and silver mining production in Alaska increased to a total value of US$554 million in 1991, a 4% increase over the previous year. A preliminary report on Alaska’s mineral industry re…
Spot prices at a glance (March 09, 1992)
Week’s Price (US) Change Gold* $350.20 + $1.80 Silver* $ 4.11 + $0.04 Platinum* $360.75 + $6.95 Nickel** $ 3.36 – $0.23 Lead** $ 0.24 + $0.01 Copper $ 1.02 – $0.01 Zinc $ 0.54 + $0.02 Courtesy of Scot…
FUTURES PRICES (March 09, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Mar 102.60 101.90 102.20 + 0.20 May 102.60 101.85 102.15 + 0.60 Jun 101.80 101.30 101.55 …. SILVER (in US cents…
Imperial posts third-quarter loss
A writedown of investments in several associated companies contributed to Imperial Metals’ (TSE) net loss of $3.7 million for the third quarter ended Dec. 31. This compares to net income of $240,000 i…
Hecla to develop Grouse Creek
Following an increase in estimated reserves at the Grouse Creek project in south-central Idaho, owner Hecla Mining (NYSE) is planning to bring the property into production. Proven and probable reserve…
EDITORIAL PAGE (March 09, 1992)
It was only a passing reference in Finance Minister Donald Mazankowski’s recent federal budget, but Ottawa’s plan to consider privatizing the Cape Breton Development Corp. (Devco) is a good one. The p…
PEOPLE (March 09, 1992)
Mike Moustakis appointed director.
Toronto Stock Exchange (March 09, 1992)
Recovering from a computer breakdown that forced the exchange to close for more than half a day, the TSE 300 was up 10.85 to 3587.64 today, March 4. The moderate increase followed a record high set on…
TORONTO STOCK EXCHANGE INDICES (March 09, 1992)
Mar 3 Mar 2 Feb 28 Feb 27 Feb 26 High Low Composite “300” 3576.79 3579.47 3580.94 3584.08 3580.46 4009.47 3009.91 Metals & Minerals3115.70 3096.57 3096.02 3094.21 3126.27 3453.06 2502.63 Integrated Mi…