Black Hawk to test Kirkland Lake bet
Black Hawk Mining (TSE) says it will begin drilling on a 24-claim nickel property in McElroy Twp. near Kirkland Lake, Ont., after signing an option agreement for the claims. By spending $475,000 on e…
News
CANMET plans to open new research lab near Val d’Or
The Canada Centre for Mineral and Energy Technology (CANMET), the research and technology arm of Energy, Mines and Resources (EMR) Canada, will establish a mining research laboratory near Val d’Or, Qu…
PEOPLE MEGASTAR VENTURES
Pantelis Tasperas appointed director succeeding Nicolaos Panos.
Calgary to host conference
Calgary has been selected as the site for next year’s Second International Conference on Environmental Issues and Management of Waste in Energy and Mineral Production. A “call for papers” was recentl…
Amax earnings down 36%
General recessionary pressures including lower prices for aluminum, gold and oil resulted in a 36% drop in first quarter earnings for Amax Inc. (NYSE). The New York company recorded net earnings of U…
B.C. geologists get forum’s approval
An independent forum of 13 major earth science societies has given geologists with the British Columbia government a positive review. The Canadian Geoscience Council said after its review that the B.C…
Mineral potential on Indian lands
Completion of a national inventory and data base which identify and rate the mineral potential for economic development on 2,267 reserves across Canada has been announced by Indian Affairs and Norther…
FUTURES PRICES (May 06, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER (HG) (in US cents per lb.) May 107.80 105.80 105.90 — 2.80 Jun 107.60 106.20 105.70 — …
Spot prices at a glance (May 06, 1991)
Price (US) Week’s Change Gold* $356.25 + $ 0.35 Silver* $3.97 + $ 0.03 Platinum* $394.25 + $ 0.80 Nickel** $4.10 …
PRODUCER PRICES (May 06, 1991)
ALUMINUM: MW U.S. Market US63.50-65.75 cents per lb. (Apr. 18, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). C…
Toronto Stock Exchange Newmont drilling sparks Atlanta Gold stock
A new “socialist budget” in Ontario and a drop in both Canadian and U.S. interest rates were among the items to be considered during the week ended April 30. There was little in store for mining in an…
Atlanta moves up on Newmont deal
As European investors moved to buy up shares of Vancouver-based gold explorer, Atlanta Gold (TSE), the issue has risen to $2.85 from its April 6 trading level of $1.26 on heavy volume. Investors are b…