FUTURES PRICES (May 13, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER (HG) (in US cents per lb.) May 103.70 102.70 102.90 — 3.00 Jun 102.70 102.70 102.70 — 3.00 Jul …
News
PDAC Perspectives How the OGS can serve its Toronto clientele
In July, 1986, the Ministry of Northern Development and Mines (MNDM) announced its decision to relocate from Toronto to Sudbury. Industry sources immediately expressed concern as to how this would aff…
Sherritt searches for nickel feed
Finding feedstock for its nickel refinery in Fort Saskatchewan, Alta., remains a priority for Sherritt Gordon (TSE), President Ian Delaney recently told a meeting of financial analysts in Toronto. Boo…
U.S. REPORT Silver tarnishes Nerco earnings
Operating income from Nerco’s (NYSE) mineral segment reached US$1.3 million in the 1991 first quarter, down from US$2.9 million for the same three months in 1990. The company said the decrease in ear…
Majors dominate Yukon exploration
Although the mineral exploration season in the Yukon looks slower than the industry would like, some significant projects are in the works this year. The biggest thing we’re going to see is exploratio…
Alberta Stock Exchange Carlin in option deal
Recently entering into a joint venture agreement for the exploration and development of gold property in Oregon was Carlin Gold, which gained a penny to 35 cents on 22,000 shares for the week ended Ma…
Corona seeks share consolidation
Shareholders of Corona (TSE) will be asked to approve a proposed 1-for-2 consolidation of the company’s subordinate voting shares and common shares and a change in name to International Corona Resourc…
Placer options Dellaterra claims
A draft formal option and joint venture agreement was received by Dellaterra Resources (VSE) from major company, Placer Dome (TSE). Under the terms of the agreement, Placer will pay Dellaterra $50,000…
Smelter proposal based on custom facility on tidewater
Several small copper smelters operated in British Columbia during the early part of this century, but each died with the exhaustion of reserves of the nearby mines. During the growth of the province’s…
Sikaman completes Bogosu sale
Sale of its interest in the Bogosu gold project in Ghana, Africa, has been completed, Sikaman Gold Resources (TSE) said. The Toronto-based company also announced the sale of two other property interes…
Toronto Stock Exchange Shares react to fears of `double dip’
Growing concern that a “double dip” recession could force share prices below their current trading levels kept investors on the sidelines during the period ended May 7. A leading Toronto analyst, who…
Taseko retains Fish Lake deposit
Persistence appears to have paid off for Taseko Mines (VSE), a Vancouver-based junior that has been battling base metal giant Cominco (TSE) for the past six years to regain control of its Fish Lake co…