Vancouver Stock Exchange (December 30, 1991)
Despite a generally “grinchy” outlook as the year draws to a close, both the resource and composite indices managed to post small rebounds during our report period ended Dec. 23. The resource index ad…
News
Gold found in Southern England
Southern England, hardly a hotbed of mineral exploration, has recently stirred the interest of the British Geological Survey’s (BGS) minerals group. After students submitted gold-bearing soil samples …
Westar takes coal price cut
The contract price for metallurgical coal exports to Japan from the two mining operations owned by Westar Mining (TSE) in southeastern British Columbia has been cut by US50 cents per tonne. The price …
Spot prices at a glance (December 30, 1991)
Week’s Price (US) Change Gold* $359.40 + $1.90 Silver* $ 3.90 + $0.01 Platinum*$339.85 – $8.90 Nickel** $ 3.25 + $0.01 Lead** $ 0.25 + $0.01 Copper $ 0.98 $0.00 Zinc $ 0.53 + $0.01 Courtesy of Scotiab…
Goldbar adds to strike length at Glover Island gold prospect
The latest results from the Glover Island property in western Newfoundland indicate that the Kettle Pond South gold zone stretches for at least 300 ft. along strike. Stepout holes KPS-3 to KPS-5, desi…
PRODUCER PRICES (December 30, 1991)
ALUMINUM: MW U.S. market US50.00-50.75 cents per lb. (Dec. 12, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CAD…
St Andrew halts bond payments
Toronto-based St Andrew Goldfields (TSE) is suspending interest payments on $9.8-million worth of 5.75% Swiss convertible bonds, after reaching an agreement with bondholders recently. At a meeting in …
Phelps Dodge, Canyon report find
Partners Phelps Dodge (NYSE) and Canyon Resources (NASDAQ) recently initiated metallurgical, engineering and environmental studies to evaluate the economic potential of a significant gold discovery ma…
Cluff raises cash for Ghanian mine; Gold Reserve in Venezuela
Gold Reserve (NASDAQ) says it is forming a Venezuelan subsidiary, Unicorn Mining, to mine for diamonds and gold. On behalf of Unicorn, Gold Reserve has purchased a Venezuelan company with mining equip…
Home Lake allows claims to expire
Home Lake Resources (CDN) will cease exploration on its two properties in Ontario and Quebec, after recent work failed to turn up any significant mineralization. At the Powell Lake property, 130 km we…
Financing (December 30, 1991)
Canadian Comstock Exploration Ltd – 175,000 flow-through shs offered @ 45 cents, also 325,000 non-flow-through shs offered @ 45 cents per sh.
Alberta Stock Exchange (December 30, 1991)
Reports that shareholders approved an amalgamation of Bay Resources and Services with three other companies sent the stock down 3 cents to 2 cents during the week ended Dec. 23. The newly amalgamated …