Noranda group buys shares in Yellowjack
Associated companies Hemlo Gold Mines (TSE) and Brenda Mines (TSE) recently agreed to buy 186,567 shares of Yellowjack Resources (VSE) in order to exercise an option to acquire a 51% interest in Yello…
News
PRODUCER PRICES (September 16, 1991)
ALUMINUM: MW U.S. market US57.50-58.25 cents per lb. (Aug. 15, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.15-3.25 per lb. (July 18, 1991). CAD…
FUTURES PRICES (September 16, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US per lb.) Sep 106.80 105.80 106.65 + 2.20 Oct 105.65 105.10 105.75 + 1.80 Dec 105.10 104.30 104.90 ____ SILVER (in US cents per o…
Metal Prices (September 16, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sep 10 Sep 9 Sep 6 Sep 5 Sep 4 Copper 1352-1353 1354-1355 1368-1370 1352-1354 1344-1…
CIM luncheon
Joseph Mazur will be the guest speaker at a luncheon Sept. 26 hosted by the Toronto branch of the Canadian Institute of Mining and Metallurgy. Mazur is vice-president of administration and communicati…
Audrey, Minnova reach agreement on Mobrun
Having reached a new agreement, Audrey Resources (TSE) and partner Minnova (TSE) are set to commence further exploration and development work at the Mobrun polymetallic mine near Rouyn-Noranda, Que. S…
Drilling to start at AOK claims of Takla Star
An initial 9,000-ft. drilling program by Takla Star Resources (ASE) is about to begin on the company’s AOK gold-copper property located about eight miles southwest of Placer Dome’s Mt. Milligan gold-c…
TSE Short Positions (September 16, 1991)
Semi-monthly reports as of August 31, showed 21,859,304 shares of 574 issues compared with 22,502,355 shares of 583 issues on August 15. Larger individual positions included: Amer. Barrick 187,000, do…
OBITUARY (September 16, 1991)
A longtime member of the Canadian mining community, Denis Bridger, ACSM, PEng, died recently at White Rock, B.C. Born in Johannesburg, South Africa, in 1922, Bridger’s mining career began in Africa wh…
Adrian plans to drill Sky Creek
A drilling program is planned by Adrian Resources (VSE) to further test a recently discovered zone of massive sulphide mineralization on the Sky Creek property held under option from Skyline Gold (TSE…
U.S. REPORT (September 16, 1991)
Westland Minerals Exploration, a subsidiary of New York-based DRX Inc. (NASDAQ), has found a partner to replace Glamis Gold (TSE) at its Commonwealth gold project in Arizona. Located in Cochise Cty., …
New Canamin in search for copper
With the recent acquisition of interests in two porphyry copper properties, New Canamin Resources (VSE) has joined the search for the next copper mine in British Columbia. The company recently signed …