1991

INSIDER TRADING (December 30, 1991)

American Barrick Resources (TSE) Vice-President Kenneth Thomas recently earned a substantial profit by exercising options on the Toronto-based gold producer’s stock. According to the Ontario Securitie…


Home Lake allows claims to expire

Home Lake Resources (CDN) will cease exploration on its two properties in Ontario and Quebec, after recent work failed to turn up any significant mineralization. At the Powell Lake property, 130 km we…


Westar takes coal price cut

The contract price for metallurgical coal exports to Japan from the two mining operations owned by Westar Mining (TSE) in southeastern British Columbia has been cut by US50 cents per tonne. The price …


Vancouver Stock Exchange (December 30, 1991)

Despite a generally “grinchy” outlook as the year draws to a close, both the resource and composite indices managed to post small rebounds during our report period ended Dec. 23. The resource index ad…


Ten new copper smelters planned

Plans for at least 10 new copper smelters worldwide are under consideration, reports the U.S. Bureau of Mines. But although big copper producers like Chile are expected to proceed with construction, C…


Spot prices at a glance (December 30, 1991)

Week’s Price (US) Change Gold* $359.40 + $1.90 Silver* $ 3.90 + $0.01 Platinum*$339.85 – $8.90 Nickel** $ 3.25 + $0.01 Lead** $ 0.25 + $0.01 Copper $ 0.98 $0.00 Zinc $ 0.53 + $0.01 Courtesy of Scotiab…


NEWS ROUNDUP (December 30, 1991)

Vancouver-based Athabaska Gold Resources (TSE) has obtained financing to acquire from Chevron Minerals the 40% interest it doesn’t already own in the Nicholas Lake gold project in the Northwest Territ…


EDITORIAL PAGE (December 30, 1991)

We know we’re going to take a lot of ribbing, but there really was no other choice. Margaret Witte, our Mining Man of the Year for 1991, was the newsmaker who made things happen in 1991 — assembling …


Battle Mountain ups reserves at Jewel

Stepout drilling over the past year on the Crown Jewel property in northeastern Washington state has boosted preliminary estimates of reserves to 8.7 million tons grading 0.19 oz. gold per ton. The ne…


Recapturing the `lost art’ of narrow vein mining

Narrow vein mining. Something our fathers knew a great deal about but very nearly a lost art today. To help remedy the deficiency, the Quebec Mining Association (QMA) recently sponsored a “narrow vein…


Alberta Stock Exchange (December 30, 1991)

Reports that shareholders approved an amalgamation of Bay Resources and Services with three other companies sent the stock down 3 cents to 2 cents during the week ended Dec. 23. The newly amalgamated …



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