Spot prices at a glance (May 20, 1991)
Price (US) Week’s Change Gold* $360.25 + $ 3.85 Silver* $ 4.12 + $ 0.09 Platinum* $392.90 — $ 0.60 Nickel** $ 3…
News
Lyon Lake, Mattabi to close May 22
The Mattabi mill and Lyon Lake underground mine, part of the Sturgeon Lake mining camp of northwestern Ontario, will close on May 22, reports Noranda Minerals, a unit of Noranda (TSE). About 25 of th…
Golden Knight, TVX find gold values
Partners Golden Knight Resources (TSE) and TVX Gold (TSE) continue to intersect ore-grade gold mineralization over narrow widths in the Theo River/Lac Germain region, 10 km from their Casa Berardi, Qu…
PEOPLE NAXOS RESOURCES (May 20, 1991)
Andrew Babiy has resigned as a director.
How Quebec is facing environmental issues
Like most governments, Quebec has been facing a budget deficit problem for several years. Consequently, it hesitates to give real money to its Environment Department, even if pressure groups and the…
Insider Trading Gwalia acquires Nevada Goldfields
Australian industrial minerals producer Gwalia Consolidated recently fulfilled its ambition to purchase a publicly traded North American gold miner by acquiring Consolidated Nevada Goldfields (TSE) of…
CDDA’s 50th anniversary to include New Orleans trip
Everyone knows everyone in the Canadian diamond drilling industry, and that is clearly evident at the Canadian Diamond Drilling Association’s annual convention. Although it is a highly competitive bus…
Asamera reports first-quarter loss
Lower prices for both gold and silver led to a first-quarter loss from operations of US$323,000 for Asamera Minerals (TSE), compared to modest earnings of US$38,000 a year earlier. The first-quarter …
Harsh winter, low gold price increases Hope Brook’s loss
Although Hope Brook Gold Mines’ (TSE) first-quarter production of 23,252 oz. was on par with last year’s quarterly output, lower gold prices and severe winter weather doubled the gold miner’s losses. …
Sabin approved for Nymex listing
Sabin Metal Corp. has been approved for listing on the New York Mercantile Exchange (Nymex) as an assayer/refiner for delivery of platinum and palladium futures contracts. Sabin joins similarly liste…
Analysts question Hemlo’s ability to benefit from deal
Hemlo Gold (TSE) President John Harvey says Noranda’s (TSE) recent offer to sell its gold assets to Hemlo in exchange for $80 million worth of shares is geared to providing a springboard for future gr…
Toronto Stock Exchange Billiton emerges as favorite to take over
While stalled interest rates kept share prices on an even keel during the week ended May 14, Billiton Minerals was being widely tipped to take over Quebec polymetallic miner Audrey Resources. Audrey P…