AMMO history
The Association of Mining Municipalities of Ontario is planning to publish a commemorative history in celebration of its 50th anniversary. Using a government grant of $5,835, the association hopes to …
News
Spot prices at a glance (April 29, 1991)
Week’s Price (US) Change Gold* $355.90 — $ 5.10 Silver* $ 3.94 + $ 0.013 Platinum* $393.45 — $ 7.30 Nickel** $ 4.07 — $ 0.00 Lead** $ 0.28 + $ 0.02 Copper{ $ 1.12 + $ 0.00 Zinc{{ $ 0.56 + $ 0.09 Co…
U.S. REPORT Digger in US joint venture
Subject to completion of a formal agreement and regulatory approval, Digger Resources (VSE) plans to earn a 50% interest in six precious metal properties held by a unit of Cominco (TSE) in the western…
Noramco juniors plan amalgamation
Three Vancouver-based juniors, Durham Resources (VSE), Edge Resources (VSE) and Golden Day Mining Exploration plan to amalgamate, subject to shareholder and regulatory approval. If acceptable to regul…
Positive feasibility for Verde prompts Bema to seek financing
With a final feasibility study on the Verde deposit now complete, Bema Gold (TSE) is concentrating on obtaining financing for the Chilean gold project. The estimated capital cost for the open pit, hea…
Toronto Stock Exchange Placer, Arimetco active as gold takes a dive
Profit takers sent share prices downward for much of the period ended April 23. Today, April 24, however, Toronto’s composite 300 index closed up 1.71 points at 3541.1 as 21.5 million shares worth $24…
NEWS IN BRIEF Liberian Iron Ore
Shareholders of Liberian Iron Ore (TSE) approved the reduction of the company’s stated capital by almost US$21.5 million and directed the distribution of US$5.43 per share to shareholders of record Ma…
PEOPLE PROFCO RESOURCES — Anna Nyarady appointed president
American Barrick Resources President Robert Smith was named chairman of the Gold Institute for 1991 at the association’s recent annual meeting in Amelia Island Plantation in Florida. Smith succeeds Fr…
Redfern moves on Tulsequah
An exclusive option has been granted to Redfern Resources (TSE) to acquire the 60% interest of Cominco (TSE) in the Tulsequah Chief massive sulphide project in northwestern British Columbia. Redfern, …
Vancouver Stock Exchange Trading reflects field-work lull
With winter exploration programs finished, and summer programs not yet under way, trading activity on the VSE can only be described as flat in this “in-between season.” May is also expected to be fair…
PRODUCER PRICES (April 29, 1991)
ALUMINUM: MW U.S. Market US64.25-66.00 cents per lb. (Apr. 11, 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). CA…
NEWS IN BRIEF MPH Consulting merges
MPH Consulting and William Hill Mining Consultants recently merged into a single independent team of mining and exploration consultants under the name MPH Consulting Ltd. The company is based in Toron…