EDITORIAL PAGE (December 09, 1991)
When it comes to developing our mineral wealth, those entrusted with the responsibility of making decisions for the public good sometimes have to weigh between economic development and wilderness pres…
News
Mineral reserves on the decline says MAC chairman
Delegates to the recent Mineral Outlook Conference here were told that everyone is seeking a competitive edge. “However, in today’s world, any such edge is temporary,” said Keith Hendrick, chairman of…
Teddy Bear ousts chairman to attract Canadian investors
Shaken by a lawsuit and recent inquiries from the Ontario Securities Commission (OSC), Teddy Bear Valley Mines (CDN) has replaced long-time chairman Ross Hofmann with Jack Riddell, a director of the c…
Wait for assays sends Fort Knox on frantic ride
Speculation over a second batch of results from Fort Knox Gold Resources’ (TSE) base metal play in Fawcett Twp., near Shining Tree, Ont., boosted the stock over the $3 mark during the first week of De…
FUTURES PRICES (December 09, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec 101.75 100.70 101.60 – 3.05 Jan 101.30 100.30 101.30 – 2.95 Feb 100.75 100.35 100.80 – 2.90 SILVER (in US cen…
OBITUARY (December 09, 1991)
Veteran miner Malcolm “Curly” Alexander died recently in Red Lake, Ont. He was 79. Born in Wakaw, Sask., Alexander began his mining career at Placer Dome’s Sigma mine in Val d’Or, Que., before he was …
Rio Algom cancels Uranium offer
Toronto-based Rio Algom (TSE) has withdrawn its US$6.40 a share offer for the 92% interest in Uranium Resources (TSE) it doesn’t already own because of low uranium prices and the company’s high produc…
Gooseberry contributes to Asamera loss
Operations at the Gooseberry mine and tailings project in Nevada were recently suspended by owner Asamera Minerals (TSE) because the project is not economically viable at current gold and silver price…
Mahogany ups reserves at Tuina copper project
A recent hole on International Mahogany’s (TSE) Tuina copper property in Chile encountered a 90-metre intercept grading 1.55% oxide copper in the San Martin open pit. The company says the most recent …
NO HEADLINE (December 09, 1991)
Giant Pacific purchasing Chutine’s Mexican project Giant Pacific Petroleum (VSE), controlled by Australian entrepreneur Chrisilios Kyriakou, has signed a deal with Chutine Resources (TSE) to acquire 1…
MacBride Lake returns zinc values
Drilling on the MacBride Lake property near Lynn Lake, Man., returned a number of zinc and copper intersections for Eastmin Resources (VSE) and Bellex Resources (VSE). Bellex is earning a 49% interest…
Curragh puts Westray coal mine up for sale
Raising money to build new mines in Canada can be a trying experience, especially in today’s tough market conditions. Lead-zinc producer Curragh Resources (TSE) recently cancelled a planned debenture …