NEWS IN BRIEF (February 17, 1992)
M.A. Hanna Co. of Cleveland reports the closing of an agreement to sell a 20% interest in Iron Ore Co. of Canada.
News
McKinney option
Consolidated McKinney Resources (VSE) has concluded an option agreement with Citadel Consulting to acquire a 75% interest (subject to a 2% net smelter return) in the Storm Group claims in the Osoyoos …
Toronto Stock Exchange (February 17, 1992)
Shares of Joutel Resources made the active list during the week ended Feb. 11, as Aur Resources prepared to start drilling on the company’s copper-zinc property in northwestern Quebec. Joutel moved up…
Holloway land resolution this spring
Negotiations to create a single mine property at the Holloway gold project east of Matheson, Ont., should be completed within the next couple of months, says Ian Bayer, president of Hemlo Gold Mines (…
PRODUCER PRICES (February 17, 1992)
ALUMINUM: MW U.S. market US57.00-58.25 cents per lb. (Jan. 30, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$2.90-3.10 per lb. (Jan. 23, 1992). CAD…
Alberta Stock Exchange (February 17, 1992)
News of a gold discovery on the Devon property near Matheson, Ont., added a nickel to Kingswood Explorations, which closed at 29 cents on strong volume for the week ended Feb. 11. Hole 92-16 returned …
Tieman takes MNR assignment
The Ontario Ministry of Natural Resources (MNR) recently took on former Ontario Mining and Lands Commissioner Dennis Tieman for a special assignment. Tieman, who was appointed commissioner in 1990, wi…
Spot prices at a glance (February 17, 1992)
Week’s Price (US) Change Gold* $356.35 + $1.40 Silver* $ 4.20 + $0.03 Platinum* $367.50 + $9.25 Nickel** $ 3.51 + $0.04 Lead** $ 0.23 $0.00 Copper $ 0.99 + $0.01 Zinc $ 0.50 – $0.02 Courtesy of Scotia…
FUTURES PRICES (February 17, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Feb 99.10 98.50 98.50 + 1.35 Mar 99.15 98.25 98.60 + 1.05 May 98.70 97.90 98.15 + 0.65 SILVER (in US cents per oz…
Miller’s Musings (February 17, 1992)
Times are tough in Canada. Not only is the economy stalled in a recession, but even when the recovery comes, we will have to find our way in a global village where the street signs keep changing. To c…
Slipping Sleeper lowers Amax Gold’s ’91 earnings
Net earnings for the year ended Dec. 31, 1991, slipped about 25% for miner Amax Gold (NYSE). The company reports net earnings of US$21.2 million, or 35 cents per share, compared with earnings of US$28…
Vancouver Stock Exchange (February 17, 1992)
The VSE indices posted strong gains during the week ended Feb. 11, with the composite index adding 21.43 points to finish at 653.8 and the resource index bouncing off the 500 level to close up by more…