Cathedral in the red
Higher production costs at the Sterling gold mine in Nevada pushed Cathedral Gold (TSE) into the red with a loss of $51,000 on revenue of $726,000 for the second quarter ended June 30. The results com…
News
Permits approved for Adonos project
Permits needed for the re-opening of the Idaho Springs mining property in Colorado have been approved, Adonos Resources (VSE) reported. Adonos, which has a 50% interest in the project, said the proper…
Canada retains top position among gold coin producers
Canada retained its position as the top world user of gold for coinage during 1990, requiring more than one million oz. to mint the popular Maple Leaf bullion coin, according to a report published by …
Alberta Stock Exchange (September 16, 1991)
Taking top spot on the most active list for the week ended Sept. 10 was Stampeder Exploration, a generally quiet trader with mineral properties near Timmins, Ont. Trading 539,500 shares, the junior al…
Timmins Nickel cuts loss as operating costs decline
Despite a substantial drop in the price of its main commodity, Timmins Nickel (TSE) has boosted annual operating profits by 73%. For the 12 months ended May 31, the small producer sold 2.8 million lb….
Partners sign Omai agreement
A mineral agreement covering the business conditions for the development and operation of the Omai gold project in Guyana in South America has been signed, Cambior (TSE) reported. Partners in the mini…
Metal prices move up in July but decline slightly in August
The metal and mineral sub-index of Scotiabank rose slightly in July but the overall commodity price index dropped by a further 3.7% that month, the bank said in its latest monthly update. The all-item…
Golden Rule adopts poison pill
Calgary-based Golden Rule Resources (TSE) has adopted a shareholders’ rights plan to protect the company from hostile takeovers. Under the plan, if any person or group acquires more than 10% of Golden…
Keno City museum details mining history
“Museum project back on track,” reads a handwritten sign on the community club door of this northern community with a population of about 45. Inside, club President Mike Mancini, 30, dark-haired, spor…
FUTURES PRICES (September 09, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Sep 104.70 104.00 104.45 + 1.55 Oct 104.20 103.65 103.95 + 1.45 Nov 103.40 103.40 103.60 + 1.40 SILVER (in US cen…
Timminco attributes loss to weak demand for magnesium
Timminco’s (TSE) 50th anniversary celebrations have been marred by the release of financial results for the first half of the year. In the first six months, the magnesium producer lost $5.6 million (5…
Gaspesie signs titanium option
Gaspesie, Societe d’Exploration (ME) says it has signed an option to acquire, within three years, an ilmenite deposit containing a minimum of 10 million tons of ore grading 20% titanium oxide (TiO2). …