News

Completion of a national inventory and data base which identify and rate the mineral potential for economic development on 2,267 reserves across Canada has been announced by Indian Affairs and Norther…

N.Y. Commodity Exchange High Low Close Week’s Change COPPER (HG) (in US cents per lb.) May 107.80 105.80 105.90 — 2.80 Jun 107.60 106.20 105.70 — …

Price (US) Week’s Change Gold* $356.25 + $ 0.35 Silver* $3.97 + $ 0.03 Platinum* $394.25 + $ 0.80 Nickel** $4.10 …

ALUMINUM: MW U.S. Market US63.50-65.75 cents per lb. (Apr. 18, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). C…

A new “socialist budget” in Ontario and a drop in both Canadian and U.S. interest rates were among the items to be considered during the week ended April 30. There was little in store for mining in an…

As European investors moved to buy up shares of Vancouver-based gold explorer, Atlanta Gold (TSE), the issue has risen to $2.85 from its April 6 trading level of $1.26 on heavy volume. Investors are b…

Sherritt Gordon (TSE) Chairman Ian Delaney and President Bruce Walter recently delivered on a promise to invest more of their own money in the Toronto-based metal refiner and fertilizer producer. Acco…

Encouraged by evidence of volcanogenic massive sulphides, partners Queenston Mining (TSE) and Strike Minerals (CDN) are planning a third drill program for their Robertson copper-zinc prospect near Mat…

Ontario Hydro has already begun shopping around for new uranium sources to replace the amounts supplied under recently cancelled long-term contracts signed with Denison Mines (TSE). While uranium prod…

With a view of making its shares more attractive to potential investors, Goldbelt Mines (VSE) is proposing a 1-for-2 consolidation of its share capital. The company has 16,748,024 shares outstanding …

Cominco President Robert Hallbauer didn’t mince words at the company’s recent annual meeting when he called 1991 first-quarter results “terrible,” or 1990 “a difficult year.” The company’s problems a…

Trading activity in Vancouver may be stuck in a sideways pattern, but some observers think things could change if a takeover battle begins to heat up over St. Philips Resources. Today, May 1, El Cond…