Citadel finds new zones in Jamaica
Grab samples from an old trench on the Job’s Hill property in Jamaica have returned assays of up to 8.9% copper, 0.14% molybdenum, 0.12 oz. gold per ton and 2.2 oz. silver for Citadel Gold Mines (TSE)…
News
Galactic cuts first-half loss while Ridgeway output falls
The net loss for Galactic Resources (TSE) totalled US$2.15 million during the 1991 first half, compared to net income of US$6.98 million in the same period last year. The loss includes an after-tax ga…
FUTURES PRICES (August 26, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 99.75 99.20 99.20 – 1.10 Sep 99.80 99.00 99.10 – 1.25 Oct 98.90 98.90 98.70 – 2.05 SILVER (in US cents per oz…
NO HEADLINE (August 26, 1991)
Options Open Series Volume Last Interest Aug 360 P 15 3.00 0 The New York closing gold price was $357.50 per oz. Last quotations for gold options traded in Montreal and Vancouver as provided at the cl…
GUEST COLUMN (August 26, 1991)
With the proclamation of the 1989 Mining Amendment Act (MAA) on June 3, the mining industry is faced with the most significant amendments ever made to Ontario’s Mining Act. At the annual general meeti…
Temagami claims’ status uncertain following court decision
A 9,800-sq.-km area near Cobalt, Ont., may be reopened for staking if the Ontario government and Teme-Augama Anishnabai band agree to lift a 20-year-old land caution on the mineral-rich ground. Follow…
Alberta Stock Exchange (August 26, 1991)
North American Gold was the top trader on the Alberta Stock Exchange for the week ended Aug. 20 with 286,300 shares changing hands. It closed down 38 cents at $3.75, representing more than $1 million …
Westmin posts first-half loss despite lower operating costs
Despite reductions in operating costs, Westmin Resources (TSE) reported a net loss of $5.85 million in the 1991 second quarter after preferred dividends, and a net loss of $11.03 million in the 1991 f…
Canchrome boosts project tonnage
A new reserve figure has been calculated by Canchrome Mines (ME) for its Reed-Belanger chromite property 10 km south of Thetford Mines, Que. The new figure, 5.5 million tonnes grading 6.63% Cr2O3, is …
Unlisted trading
Reports from the bush don’t seem to have awakened the market from its summer lull. News about Wye Resources’ encounter of a mineralized zone on the Gorham property, five miles north of Thunder Bay, On…
Asamera’s second quarter shows sharp improvement
The latest results for gold and silver producer Asamera Minerals (TSE) show a turn for the better with net income of US$4.23 million for the 1991 second quarter ended June 30. This compares with a los…
Centurion acquires property
Utah-based Centurion Mines (NASDAQ) recently acquired a disseminated gold-copper project, 175 miles northwest of Spokane, Wash., and 30 miles south of the Canadian border. Partially tested by 118 dril…