Arimathaea sells Mid-East stake
Toronto-based Arimathaea Resources (TSE) recently sold its 19.9% stake in Australian company Mid-East Minerals at an average of just over A30 cent per share, resulting in a net profit of US$990,000. T…
News
NEWS IN BRIEF (October 14, 1991)
Tandem Resources (ME) reported increasing its interest in North American Rare Metals (ME) to 28.5% by purchasing 770,000 shares on the open market.
Spot prices at a glance (October 14, 1991)
Week’s Price (US) Change Gold* $357.60 + $3.20 Silver* $ 4.08 – $0.14 Platinum* $356.75 + $5.50 Nickel** $ 3.42 – $0.02 Lead** $ 0.24 … Copper $ 1.08 +0.02 Zinc $ 0.45 … Courtesy of Scotiabank. In…
FUTURES PRICES (October 14, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 108.00 106.50 108.00 0.00 Nov 107.00 105.55 107.00 + 0.65 Dec 107.00 103.90 106.00 + 1.00 SILVER (in US cents…
New players bring new hope for Bathurst area exploration
Residents of this lively seaside community hope that the new blood pouring into northern New Brunswick will have what it takes to find another Brunswick orebody. With the exception of programs sponsor…
CIM workshop
The Metallurgical Society of the Canadian Institute of Mining, Metallurgy and Petroleum will host a workshop on Nov. 4-5 at Toronto’s Bristol Place Hotel. Topic is “metallurgy and materials science in…
Galactic selling 48% stake in Ridgeway mine
In a move to clean up its balance sheet, Galactic Resources (TSE) has entered into an option agreement to sell its 48% interest in the Ridgeway open pit gold mine in South Carolina to Placer Dome (TSE…
EDITORIALS
British Columbia has developed a reputation for having colorful politics, with campaigns in the province typically focused more on personalities than on issues. Things appear to be no different this t…
METAL PRICES (October 14, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 8 Oct 7 Oct 4 Oct 3 Oct 2 Copper 1364-1366 1345-1346 1352-1353 1353-1354 1328-13…
Dryden completes drilling on QC property near Iskut
A recent drill program by Dryden Resource (VSE) returned encouraging results from both a gold- quartz vein system and a porphyry copper-gold system on the QC property in northern British Columbia. Dry…
TORONTO STOCK EXCHANGE INDICES (October 14, 1991)
Oct 8 Oct 7 Oct 4 Oct 3 Oct 2 High Low Composite “300” 3353.71 3357.13 3378.87 3393.28 3393.59 4009.47 3009.91 Metals & Minerals 2761.97 2761.80 2779.61 2804.84 2836.52 3453.06 2502.63 Intergrated Min…
Gold Ridge funding
Funding is now available to complete the mine development and begin operations at the Wingdam placer gold project in the Cariboo mining division of British Columbia, Gold Ridge Resources (VSE) announc…