Metall, MIM complete deal
Toronto-based Metall Mining (TSE) has completed the purchase from MIM Holdings of 301,400 A shares and about 3.4 million B (subordinate voting) shares of Teck (TSE), pursuant to a September agreement….
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LETTERS TO THE EDITOR (December 09, 1991)
Regarding the editorial “When Ottawa sells gold” (T.N.M., Nov. 18/91), I find it difficult to understand how it is in the best interest of the country to be dumping our gold reserves on world markets …
Cream Silver wins legal battle
The Supreme Court of British Columbia has ruled that Cream Silver Mines (VSE) is entitled to compensation for the loss of mineral claims “expropriated” by the provincial government in 1988. As of mid-…
Wilanour study in agreement with TVX view
An independent study sponsored by one of the minority partners in the Wilanour gold project near Cochenour, Ont., has confirmed the accuracy of previous reserve estimates by Toronto-based TVX Gold (TS…
Galleon options BMR ground
A joint venture to explore the Will property near Clearwater, B.C., was formed between Galleon Mining (VSE) and BMR Gold (TSE). BMR can earn a 100% interest in the property in return for a $5,000 opti…
Spot prices at a glance (December 09, 1991)
Week’s Price (US) Change Gold* $365.70 – $0.80 Silver* $ 4.05 – $0.05 Platinum* $365.50 – $1.75 Nickel** $ 3.19 – $0.04 Lead** $ 0.24 + $0.01 Copper{ $ 1.06 – $0.03 Zinc $ 0.56 + $0.03 Courtesy of Sco…
Mink to explore for gold in Mali
Vancouver-based Mink Mineral Resources (VSE) is preparing to explore a 400-sq.-km concession in Mali after signing a joint venture deal with the government of the West African republic. Mink Resources…
U.S. REPORT (December 09, 1991)
The Securities and Exchange Commission in Washington, D.C., approved proposals this year advanced by the National Association of Securities Dealers (NASD) to raise the basic listing requirements and m…
EDITORIAL PAGE (December 09, 1991)
When it comes to developing our mineral wealth, those entrusted with the responsibility of making decisions for the public good sometimes have to weigh between economic development and wilderness pres…
Newfoundland Goldbar cuts gold values at Glover Island
Newfoundland Goldbar Resources, a Newfoundland-based exploration company, has intersected encouraging gold mineralization at Varna Gold’s (ASE) Glover Island property in Western Newfoundland. The main…
Mineral reserves on the decline says MAC chairman
Delegates to the recent Mineral Outlook Conference here were told that everyone is seeking a competitive edge. “However, in today’s world, any such edge is temporary,” said Keith Hendrick, chairman of…
Nickel miners big winners as cobalt rallies
Uncertainty about cobalt supplies from Zaire, the Western World’s primary producer, continues to buoy the price of the metal in the range of US$25-$30 per lb. In early November, the free market cobalt…