Toronto Stock Exchange (November 18, 1991)
A big drop in interest rates brought absentee investors back into the equity markets during the week ended Nov. 12 and sent share prices shooting upward. Although interest-sensitive financial and util…
News
PRODUCER PRICES (November 18, 1991)
ALUMINUM: MW U.S. market US53.25-53.75 per lb. (Oct. 31, 1991). ANTIMONY: New York dealer US82-84 per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADMIUM: New Yo…
FUTURES PRICES (November 18, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 105.25 104.80 105.80 – 1.00 Dec 105.10 103.90 104.60 – 1.95 Jan 103.70 103.50 103.90 …. SILVER (in US cents…
Francoeur mine enters production
The Francoeur gold mine of Richmont Mines (TSE) and LAC Minerals (TSE) near Rouyn-Noranda, Que., entered commercial production recently and is expected to produce 5,200 oz. during the last quarter of …
Princeton losses on the rise
Revenues for the 1991 third quarter ended Sept. 30, were down sharply for Princeton Mining (TSE), falling to $12.5 million from $33.6 million in the third quarter of 1990. The drop is primarily the re…
VSM, Serem test structure
A follow-up 500-metre drilling program has been initiated by VSM Exploration (ME) and Serem Quebec to test the lateral and depth extensions of a gold-bearing structure recently uncovered at the Gand D…
Hall of Fame ponders list of 16 nominees for 8 openings
Departing from its previous procedure, The Canadian Mining Hall of Fame has announced the names of all nominees for induction. Of the 16 names put forward, eight successful candidates will be announce…
Vancouver Stock Exchange (November 18, 1991)
Trading activity on the VSE appeared somewhat volatile during the report period ended at noon today, Nov. 13, with both the composite and resource indices losing ground. A sell-off in some speculative…
Study aims to clarify cyanide use
Canada’s 54 primary gold producers use about 23,000 tons of cyanide a year. There is emphasis on the word “about” as selling the chemical is a highly competitive business and suppliers are loathe to d…
Robex, Bateman in option deal
An option to earn a 25% interest in property in Roy and Mckenzie twps. in the Chibougamau area of Quebec has been acquired by Ressources Robex (ME) from Bateman Bay Mining (ME). To earn its interest, …
Falconbridge to cut output by 12,000 tonnes of nickel
Taking its cue from fellow nickel miners Inco Ltd. (TSE) and SLN of France, Toronto-based Falconbridge Ltd. is cutting back production at operations in Sudbury, Ont., and the Dominican Republic. Falco…
Spot prices at a glance (November 18, 1991)
Week’s Price (US) Change Gold* $356.45 + $2.05 Silver* $ 4.05 – $0.02 Platinum* $363.65 + $1.40 Nickel** $ 3.30 – $0.04 Lead** $ 0.22 – $0.01 Copper $ 1.09 + $0.01 Zinc $ 0.48 + $0.03 Courtesy of Scot…