FREE MARKET (October 07, 1991)
TSpot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 1 Sep 30 Sep 27 Sep 26 Sep 25 Copper 1324-1325 1333-1334 1349-1350 1360-1362 1348-1350 Lead 306-307 3…
News
Kaiser poised to control Madeleine
Oaklahoma-based Kaiser-Francis Oil recently boosted its stake in Madeleine Mines (TSE) to 32%, fuelling speculation that Chairman George Kaiser is about to succeed Patrick Sheridan as president of Mad…
Proposed assessment rate alarms Ontario gold mines
Recently the Ontario Gold Mines Compensation Committee met with the Workers’ Compensation Board (WCB) in Toronto to review proposed assessment rate increases for 1992. While WCB is proposing a 2.9% in…
Black Cliff options Chile tailings dumps
Toronto-based Black Cliff Mines (TSE) has signed an option agreement with a Chilean company to earn a 70% interest in several gold-silver-copper tailings deposits near Atacama in central Chile. The ag…
Study estimates 18% return at Holloway project
A feasibility study recently completed on the Lightning gold zone near Matheson, Ont., indicates that the deposit would generate a 17.9% rate of return on a stand-alone basis. The study is based on a …
PEOPLE (October 07, 1991)
Sadia Cohen appointed president.
Guest Column (October 07, 1991)
The visit earlier this year by University of Toronto professor Tony Naldrett and myself to the Noril’sk mining camp in Siberia was arranged by the Soviet Academy of Sciences and hosted by the Noril’sk…
LETTERS TO THE EDITOR (October 07, 1991)
Gold has, over the centuries, been regarded as a protection in case of public and personal troubles. All governments keep a supply in their treasuries. Individuals were hiding some wherever they consi…
Giant Pacific changing to Red Rock
Giant Pacific Petroleum (VSE) is awaiting permission from the Vancouver Stock Exchange to change its name to Red Rock Mining and consolidate its share capital on a 1-for-10 basis. Having gained shareh…
TORONTO STOCK EXCHANGE INDICES (October 07, 1991)
Oct 1 Sept 30 Sept 27 Sept 26 Sept 25 High Low Composite “300” 3395.26 3387.88 3381.78 3385.14 3390.08 4009.47 3009.91 Metals & Minerals 2856.23 2852.52 2844.16 2867.53 2878.43 3453.06 2502.63 Intergr…
PRODUCER PRICES (October 07, 1991)
ALUMINUM: MW U.S. market US55.25-56.25 cents per lb. (Sep. 19, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.15-3.25 per lb. (Jul. 18, 1991). CAD…
Montreal Exchange (October 07, 1991)
While most senior gold miners lost ground during the week ended Oct. 1, Cambior (TSE) picked up 38 cents to close at $9.38 on moderate volume. Two major banks have agreed to underwrite a 330,000-oz. g…