Canarc in control of Polaris-Taku
The purchase of a controlling interest in Rembrandt Gold Mines (ASE), along with a fully diluted 43.6% controlling interest in Suntac Minerals (VSE), has given Canarc Resources (VSE) and its principal…
News
Spot prices at a glance (September 16, 1991)
Week’s Price (US) Change Gold* $347.50 – $ 1.10 Silver* $ 3.97 + $ 0.04 Platinum*$346.50 + $ 2.50 Nickel**$ 3.64 + $ 0.12 Lead** $ 0.25 + $ 0.01 Copper $ 1.06 + $ 0.03 Zinc $ 0.47 + $ 0.01 Courtesy of…
Giant Bay active in Malaysia
Bioleaching technology specialist Giant Bay Resources (TSE) is moving to take advantage of opportunities in northeast Malaysia following the decline of the communist party there. The Vancouver-based c…
Infill drilling at Tulsequah confirms continuity of grade
Initial results from infill drilling at the Tulsequah Chief property in northwestern British Columbia are confirming the deposit’s continuity at grades similar to those released in reserve estimates. …
Newhawk reports results from drilling at Sulphurets
More assay results were released by Newhawk Gold Mines (TSE) from a recent surface drill program aimed at testing a number of bulk-tonnage targets on the Sulphurets property north of Stewart, B.C. The…
TORONTO STOCK EXCHANGE INDICES (September 16, 1991)
Sept 10 Sept 9 Sept 6 Sept 5 Sept 4 High Low Composite “300”3448.15 3478.96 3488.29 3485.49 3486.84 4009.47 3009.91 Metals & Minerals2976.40 3008.09 3026.10 3034.07 3022.42 3453.06 2502.63 Integrated …
Cathedral in the red
Higher production costs at the Sterling gold mine in Nevada pushed Cathedral Gold (TSE) into the red with a loss of $51,000 on revenue of $726,000 for the second quarter ended June 30. The results com…
Permits approved for Adonos project
Permits needed for the re-opening of the Idaho Springs mining property in Colorado have been approved, Adonos Resources (VSE) reported. Adonos, which has a 50% interest in the project, said the proper…
Canada retains top position among gold coin producers
Canada retained its position as the top world user of gold for coinage during 1990, requiring more than one million oz. to mint the popular Maple Leaf bullion coin, according to a report published by …
Alberta Stock Exchange (September 16, 1991)
Taking top spot on the most active list for the week ended Sept. 10 was Stampeder Exploration, a generally quiet trader with mineral properties near Timmins, Ont. Trading 539,500 shares, the junior al…
Timmins Nickel cuts loss as operating costs decline
Despite a substantial drop in the price of its main commodity, Timmins Nickel (TSE) has boosted annual operating profits by 73%. For the 12 months ended May 31, the small producer sold 2.8 million lb….
Partners sign Omai agreement
A mineral agreement covering the business conditions for the development and operation of the Omai gold project in Guyana in South America has been signed, Cambior (TSE) reported. Partners in the mini…