METAL PRICES PRODUCER PRICES (June 10, 1991)
ALUMINUM: MW U.S. Market US59.25-60.25 cents per lb. (May 23, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.90-3.05 per lb. (May 23, 1991). CAD…
News
EDITORIAL PAGE Keeping secrets
Public companies have to walk a fine line when it comes to public disclosure. They want to keep existing investors up to date and attract potential investors with information about their current work,…
“If we hadn’t found this zone . . .Holt-McDermott gets more ore
The Mattawasaga discovery, east of American Barrick Resources’ (TSE) Holt-McDermott mine in northeastern Ontario, has quickly grown into a sizable ore zone accounting for 45% of the mine’s reserves. A…
Free trade for geologists
All necessary operational procedures are in place at U.S. Immigration and Naturalization Service offices for Canadian geologists to obtain entry into the U.S. as professionals under the terms of the F…
Cameco plans public offering
In line with its goal to become a private corporation by 1995, Cameco has filed a preliminary prospectus for a $100-million share offering. RBC Dominion Securities, leading a group of underwriters, w…
Inco workers accept contract
Employees at Inco’s (TSE) Sudbury, Ont., nickel operations recently voted to accept a new 3-year wage contract which provides for a wage increase, including cost of living allowances and nickel price …
U.S. REPORT Noranda extends zone at New World
Recent drilling by a unit of Noranda (TSE) on the New World property in Montana encountered gold-silver-copper mineralization in the Homestake Breccia deposit at deeper levels than encountered by prev…
Placer Dome drops Windy property
Junior Big Bar Gold (VSE) is without a mineral property now that Placer Dome (TSE) has terminated an agreement allowing Big Bar to acquire an interest in the Windy property in north-central British Co…
Program planned for GNC claims (June 10, 1991)
A major exploration program will be carried out this season on the GNC claims which surround the Eskay Creek project north of Stewart, B.C. The program will be operated by Corona (TSE) on behalf of Pr…
U.S. REPORT Bull Run sitting on cash
With about US$5.6 million in cash and no debt, Bull Run Gold Mines (NASDAQ) is searching for investment opportunities in the resource field. The company sold its 40% interest in the Big Springs gold m…
U.S. REPORT Nickel deposit in Maine is feasible says Black Hawk
Results from a feasibility study on the Knox nickel-copper project in Maine indicate that the deposit could be developed at a capital cost of US$40 million and mined at an operating cost of US$1.90 pe…
PDAC Perspectives Quebec takes steps to help juniors, prospectors
Over the past few months, the Quebec government has announced various measures to soften the blow for junior mining companies and prospectors in the province and to help sustain them through economic …