Cheni reports more losses
A drop in grades, coupled with lower gold and silver prices, helped push Cheni Gold Mines (TSE) into the red with a loss of $3.7 million or 33 cents per share for the nine months ended Sept. 30. The l…
News
Vancouver Stock Exchange (November 04, 1991)
Gold reversed a promising uptrend during the week ended Oct. 29, dipping back below the US$360-per-oz. level to settle at US$357. Trading activity on the VSE remained relatively quiet, but both the re…
Flett suggests Billiton likely to take on balance of Selbaie
Ownership of the Selbaie zinc-copper mine in northwestern Quebec may soon be in the hands of Billiton Metals Canada, hinted President Andrew Flett at a recent luncheon gathering hosted by the Toronto …
METAL PRICES (November 04, 1991)
ALUMINUM: MW U.S. market US51-55 cents per lb. (Oct. 17, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADMIUM: …
FREE MARKET (November 04, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 29 Oct 28 Oct 25 Oct 24 Oct 23 Copper 1384-1385 1386-1387 1374-1375 1383-1385 13…
Aur, Louvem prepare for challenge of funding
By completing a feasibility study on their Louvicourt Twp. property, Aur Resources (TSE) and Societe Miniere Louvem (TSE) have done the easy part in their bid to bring the project into production, ana…
Metal potential in Greenland
The Geological Survey of Greenland (GGU) has released three open file reports, including gold and base metal potential of the Ingia area in central west Greenland. The report presents an evaluation of…
EDITORIAL PAGE (November 04, 1991)
A recent report on Canadian competitiveness by Harvard professor Michael Porter cites this country’s reliance on natural resources as one of the country’s economic problems. Prosperity has come easily…
Drilling continues at Scott Lake
A pair of drill rigs has been stationed at the Scott Lake base metal property in the Chibougamau, Que., area where project partners Thunderwood Resources (TSE), the operator, and Greenstone Resources …
Encouraging results at Santoy
Encouraging trenching results from the Santoy Lake gold property in northern Saskatchewan were reported by joint venture partners Claude Resources (TSE) and Manchester Resources (ASE). Two zones have …
Low metal prices, high dollar offset Cominco’s better output
A loss of $22.1 million is reported by Cominco (TSE) for its third quarter ended Sept. 30, which brings the company’s loss for the first nine months of this year to a total of $25 million. This compar…
INSIDER TRADING (November 04, 1991)
Oklahoma oilman George Kaiser struck a bargain when he secured control of Toronto-based palladium-platinum explorer Madeleine Mines (TSE). According to the Ontario Securities Commission OSC Bulletin, …