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…
News
Metal prices move up in July but decline slightly in August
The metal and mineral sub-index of Scotiabank rose slightly in July but the overall commodity price index dropped by a further 3.7% that month, the bank said in its latest monthly update. The all-item…
Golden Rule adopts poison pill
Calgary-based Golden Rule Resources (TSE) has adopted a shareholders’ rights plan to protect the company from hostile takeovers. Under the plan, if any person or group acquires more than 10% of Golden…
Keno City museum details mining history
“Museum project back on track,” reads a handwritten sign on the community club door of this northern community with a population of about 45. Inside, club President Mike Mancini, 30, dark-haired, spor…
FUTURES PRICES (September 09, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Sep 104.70 104.00 104.45 + 1.55 Oct 104.20 103.65 103.95 + 1.45 Nov 103.40 103.40 103.60 + 1.40 SILVER (in US cen…
Timminco attributes loss to weak demand for magnesium
Timminco’s (TSE) 50th anniversary celebrations have been marred by the release of financial results for the first half of the year. In the first six months, the magnesium producer lost $5.6 million (5…
Gaspesie signs titanium option
Gaspesie, Societe d’Exploration (ME) says it has signed an option to acquire, within three years, an ilmenite deposit containing a minimum of 10 million tons of ore grading 20% titanium oxide (TiO2). …
Spot prices at a glance (September 09, 1991)
Week’s Price (US) Change Gold* $348.60 – $ 6.70 Silver* $ 3.93 – $ 0.02 Platinum* $344.00 + $ 4.10 Nickel** $ 3.52 – $ 0.04 Lead** $ 0.24 $ 0.00 Copper $ 1.03 + $ 0.00 Zinc $ 0.46 – $ 0.00 Courtesy of…
Toronto Stock Exchange (September 09, 1991)
Leading economic indicators released during the week ended Sept. 3 continued to demonstrate that the recession in Canada has ended. But judging by activity before and after the Labour Day weekend, inv…
Toronto Stock Exchange Indices (September 09, 1991)
Sept 03 Sept 02 Aug 30 Aug 29 Aug 28 High Low Composite “300” 3504.86 HOLIDAY 3517.89 3514.88 3521.28 4009.47 3009.91 Metals & Minerals 3031.96 HOLIDAY 3081.75 3101.42 3116.42 3453.06 2502.63 Integrat…
EDITORIAL PAGE (September 09, 1991)
They’re not building mining towns anymore, and that may be just as well. But new mines can still contribute dramatically to the economic well-being of outlying areas and generally bolster regional dev…
Record output for Campbell
A record first-half gold production of 43,700 oz. was reported by Campbell Resources (TSE) from its Joe Mann mine near Chibougamau, Que. The mine also turned out 783,000 lb. copper for Campbell, which…