New exploration grants announced
The northern Ontario communities of Atikokan, Manitouwadge and the Beardmore-Geraldton-Longlac-Nakina area have been designated for assistance under the Ontario Mineral Incentives Program (OMIP), prov…
News
METAL PRICES FREE MARKET (February 25, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 19 Feb 18 Feb 15 Feb 14 Feb 13 Copper 1285-1290 1262-1263 1240-1242 1224-1226 12…
Alberta Stock Exchange Golconda active (February 25, 1991)
During the report period ended Feb. 19, Goldconda Resources traded 530,100 shares to close up 24 cents at 45 cents. Earlier this month, the company acquired an option to earn a 100% interest in an Ore…
FUTURES PRICES (February 25, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Feb 113.20 110.80 110.80 — 0.20 Mar 112.70 109.70 110.05 + 0.05 Apr 108.50 108.50 108.20 — 0.20 SILVER (in US c…
News In Brief Carnes Creek Exploration
Carnes Creek Expl. Ltd. has changed its name to Marathon Telecom Corp. with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
Akiko-Lori drops bid for Bradner
Rather than pursue a hostil takeover, Akiko-Lori Gold Resources (VSE) has agreed to withdraw its recent offer to acquire Bradner Resources (VSE). Bradner’s board of directors refected Akiko-Lori’s pro…
IOCC GOLD OPTIONS (February 25, 1991)
Options Open Series Volume Last Interest May 370 C 26 11.00 10 May 380 C 290 6.00 48 May 400 C 123 3.10 95 May 410 C 58 2.30 67 May 440 C 50 1.00 73 May 450 C 18 0.80 50 Aug. 380 C 25 14.00 76 Aug. 44…
Low prices, sales hit Potash profits
Lower North American sales volumes and soft potash prices resulted in a significant drop in annual earnings reported by Saskatchewan2Dbased producer Potash Corp. of Canada (TSE). Potash Corp., which p…
Cominco’s earnings fall sharply
A substantial drop in 1990 earnings was reported by Cominco (TSE) largely because of lower zinc and lead production at its smelter in Trail B.C., exhaustion of the Pine Point concentrate stockpile, lo…
Noranda increases reserves at New World gold project
After incorporating all the data from the 1990 field season, a unit of Noranda (TSE) has released final preliminary reserve figures for the New World gold-silver-copper project near Cooke City, Mont. …
Parklake purchase
Junior Parklake resources (TSE) reported an agreement to purchase, through a 70% owned subsidiary, most of the assets of the Steak Shop, a franchise chain of frozen bulk- packaged quality meats, poult…
Financing falls through despite boost in reserves
A financing package arranged by Central Crude (TSE) for the Moss Lake and Eagle River gold projects has fallen through, even as recent calculations show an increase in reserves at Eagle River. Citing …