Inco involved in regreening
Nickel producer Inco (TSE) spends almost $600,000 per year planting grass, trees and other vegetation on 2,000 acres of land in the Sudbury-Copper Cliff area in Ontario. The regreening program has att…
News
WisCan into Shining Tree area
WisCan Resources (TSE) has acquired two blocks of claims in Churchill Twp., near Shining Tree, Ont. The claim blocks lie along the regional geological trend which hosts the Fort Knox discoveries five …
TORONTO STOCK EXCHANGE INDICES (February 17, 1992)
Feb 11 Feb 10 Feb 7 Feb 6 Feb 5 High Low Composite 300 3597.85 3608.50 3596.33 3606.70 3605.85 4009.47 3009.91 Metals & Minerals3031.08 3037.21 3005.25 2998.11 2984.43 3453.06 2502.63 Integrated Mines…
NEWS IN BRIEF (February 17, 1992)
M.A. Hanna Co. of Cleveland reports the closing of an agreement to sell a 20% interest in Iron Ore Co. of Canada.
McKinney option
Consolidated McKinney Resources (VSE) has concluded an option agreement with Citadel Consulting to acquire a 75% interest (subject to a 2% net smelter return) in the Storm Group claims in the Osoyoos …
Toronto Stock Exchange (February 17, 1992)
Shares of Joutel Resources made the active list during the week ended Feb. 11, as Aur Resources prepared to start drilling on the company’s copper-zinc property in northwestern Quebec. Joutel moved up…
Holloway land resolution this spring
Negotiations to create a single mine property at the Holloway gold project east of Matheson, Ont., should be completed within the next couple of months, says Ian Bayer, president of Hemlo Gold Mines (…
PRODUCER PRICES (February 17, 1992)
ALUMINUM: MW U.S. market US57.00-58.25 cents per lb. (Jan. 30, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$2.90-3.10 per lb. (Jan. 23, 1992). CAD…
Alberta Stock Exchange (February 17, 1992)
News of a gold discovery on the Devon property near Matheson, Ont., added a nickel to Kingswood Explorations, which closed at 29 cents on strong volume for the week ended Feb. 11. Hole 92-16 returned …
Tieman takes MNR assignment
The Ontario Ministry of Natural Resources (MNR) recently took on former Ontario Mining and Lands Commissioner Dennis Tieman for a special assignment. Tieman, who was appointed commissioner in 1990, wi…
Spot prices at a glance (February 17, 1992)
Week’s Price (US) Change Gold* $356.35 + $1.40 Silver* $ 4.20 + $0.03 Platinum* $367.50 + $9.25 Nickel** $ 3.51 + $0.04 Lead** $ 0.23 $0.00 Copper $ 0.99 + $0.01 Zinc $ 0.50 – $0.02 Courtesy of Scotia…
FUTURES PRICES (February 17, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Feb 99.10 98.50 98.50 + 1.35 Mar 99.15 98.25 98.60 + 1.05 May 98.70 97.90 98.15 + 0.65 SILVER (in US cents per oz…