METAL PRICES FUTURES PRICES (June 17, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER(HG) (in US cents per lb.) Jun 101.55 99.70 100.40 + 1.10 Jul 102.10 99.80 100.70 + 1.30 Aug 100….
News
Montreal Exchange New Louvem owner
An agreement-in-principle with St. Genevieve Resources will see Noranda become the majority owner of Societe Miniere Louvem, which is part-owner of the Louvicourt massive sulphide project northeast of…
UPG to build mill in Philippines
United Pacific Gold (VSE) has exercised an option to build a gold and silver recovery plant at its Dipore property in the southern Philippines. The plant, expected to cost about US$800,000, will proc…
Losses in 1990 push B.C.’s coal producers to the brink
British Columbia’s coal producers reported a record loss of $88 million in 1990, marking the worst yearly performance since the Coal Association began its compilation of results in 1982. The primary …
Horsham adds to quarterly profit
Toronto-based Horsham (TSE), which controls gold producer American Barrick Resources (TSE), recently reported a sharp increase in first- quarter earnings. Horsham said earnings for the first three mo…
More results from Myra Falls
More assay results were released by Westmin Resources (TSE) from a recent stepout hole drilled 140 metres west of the discovery hole on its Myra Falls mine property near Campbell River, B.C. In late …
Verde gold project on track in Chile
Development of the Refugio gold property in Chile is proceeding as planned. Bema Gold (TSE), 50% owner of the property, recently released a positive feasibility study calling for a 33,000-ton-per-da…
Camp mobilized on SIB claims
Mobilization of an exploration camp is expected to begin in mid-June on the SIB claim group adjacent to the Eskay Creek project north of Stewart, B.C. Joint venture partners Silver Butte Resources (VS…
Total Energold reports loss
A loss of $2.4 million was reported by Total Energold (TSE) on net sales of $13.1 million for the 1991 first quarter, compared with a loss of $1.7 million on sales of $9.2 million for the first three …
Sex discrimination at Key Lake mine
A human rights tribunal has ordered Cameco to change its housing policy at the Key Lake uranium mine in northern Saskatchewan after a male employee was suspended for entering women’s quarters. Power p…
St. Genevieve nets $15 million in Louvem deal
St. Genevieve Resources (TSE) is currently considering its options after recently agreeing in principle to sell 4.35 million common shares of Societe Miniere Louvem (TSE)to Noranda (TSE) for $28.3 mil…
New Craig shaft dropping quickly
Shaft sinking at the Craig mine of Falconbridge in the Sudbury area is progressing at a rapid pace. Dynatec Mining President Bob Dengler said that during a 31-consecutive-day period in April and May…