Spot prices at a glance (July 08, 1991)
Price (US) Week’s Change Gold* $367.75 + $ 1.75 Silver* $ 4.43 + $ 0.01 Platinum* $380.25 + $ 5.35 Nickel** $ 4.01 + $ 0.21 Lead** $ 0.25 …
News
U.S. REPORT USMX gives production nod to Yankee project in Nevada
After completing an internal analysis, USMX (NASDAQ) has approved development of its Yankee gold project in the Alligator Ridge gold trend of Nevada. The Yankee project is now reported to contain pro…
Trimin following different path
Following the sale of its interest in the Hanson Lake copper-zinc deposit near Flin Flon, Man., Trimin Resources (TSE) is moving out of mining and into plastics. Armed with about $9.5 million in cash…
Toronto Stock Exchange Renewed interest in gold sparks rally in
While a US$3.45-per-oz. increase in the price of gold is nothing to get excited about, according to precious metals analysts, it was enough to get gold stocks moving during the week ended July 2. Seve…
Drill program on Katie claims
Preparations for a 5,000-ft. drill program are now in progress on the Katie property, a porphyry copper-gold prospect owned by Yellowjacket Resources (VSE) near Salmo, B.C. The program is being carri…
Wilanour seeking second opinion
Directors of Wilanour Resources (TSE) have elected to hire an independent consultant to determine whether the old Cochenour gold mine near Red Lake, Ont., should be brought back into production. Unhap…
U.S. REPORT Van Stone mine reopened Equinox Res. breathes new
The reopening of the Van Stone mine is a welcome event to local residents who depend primarily on the flagging logging industry for employment. Of the 75 employees at the mine, almost all were hired l…
U.S. REPORT Glamis purchases DRX properties
A block of 54 claims in the Randsburg district of southern California was recently purchased by Glamis Gold (TSE) from DRX Resources (NASDAQ). Glamis paid DRX US$200,000 for the claims and plans to u…
Alberta Stock Exchange Perrex plummets
Taking a big hit on the market for the week ended July 2 was Perrex Resources. Trading over four million shares, the junior gold explorer lost three quarters of its value to close at one penny. Althou…
Unlisted Trading Canmine in Mexico
Following the southerly migration of exploration dollars, Canmine Resources has agreed to acquire a 100% interest in the San Antonio silver property in the province of Chihuahua, Mexico. In exchange …
PROFILE Peter Holmes advances Chutine in Mexico
Interest in Mexico’s mineral deposits has surged recently after the country announced its decision to allow 100% foreign ownership of local companies for up to 12 years. The prospect of free trade amo…
Montreal Exchange Casa Berardi drilling (July 08, 1991)
Trading volumes struggled but the market turned positive during the holiday-shortened week ended July 2. The mining and minerals index jumped by 33.7 points and the market portfolio moved ahead by 5.8…