Alberta Stock Exchange (October 14, 1991)
The market reacted strongly to assays released from Takla Star Resources’ AOK property in northern British Columbia, sending the stock down 35 cents to 20 cents during the week ended Oct. 8. Takla say…
News
Test milling planned for Tillicum
A recent agreement between Columbia Gold Mines (VSE) and the Goldstream mine joint venture will provide for test milling and concentrating of gold reserves from Columbia’s Tillicum property near Burto…
U.S. REPORT (October 14, 1991)
With the first phase of this year’s drilling now complete, partners Arizona Star (VSE) and Glamis Gold (TSE) expect to start a second-phase program shortly on the Imperial County joint venture in sout…
New autoclave officially opened at Campbell mine
Gold producer Placer Dome (TSE) officially opened its new pressure oxidation plant at the Campbell mine near Red Lake, Ont., on Oct. 3. The new autoclave facility will provide a major environmental bo…
NO HEADLINE (October 14, 1991)
PRODUCER PRICES ALUMINUM: MW U.S. market US54.25-55.50 cents per lb. (Sep. 26, 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…
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 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…