Fuels help boost mineral output to $41 billion
The total value of output from Canada’s mineral industry rose an estimated 5.2% last year to $41.3 billion, thanks largely to higher prices for petroleum products. The estimate, released by the federa…
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METAL PRICES PRODUCER PRICES (February 11, 1991)
ALUMINUM: MW U.S. Market US66.50-68.50 cents per lb. (Jan. 31, 1991). ANTIMONY: New York dealer US80-83 cents per lb. (Jan. 31, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CA…
GOLD FUNDS (February 11, 1991)
BGR Central Net value $8.80 $5.12 Price $7.38 $4.700 Discount 16.14% 8.2% Value $52,417,933 $79,074,210…
Intl. Mahogany after Cons. Carina
Vancouver based International Mahogany (TSE) has acquired 290,000 shares of Consolidated Carina Resources (VSE) at a purchase price of 58 cents per share. The acquisition brings Mahogany’s stake in Ca…
PEOPLE REYNOLDS METALS
Gerald Greenwald elected to the board.
Mining firms seen growing into integrated producer/processor
You are entering an industry notable for the challenges that face it. You know that we have to produce commodities for sale on international commodity markets at price levels that largely reflect the …
Commodity index decline continues
Fuelled by a large decline in the metal and mineral, oil and gas and forest product sub-indices, the all-commodity index of Scotiabank fell by 1.7% in December from the previous month. The all-items i…
INSIDER TRADING Noranda sells part of Kerr
While senior executives at Noranda (TSE) continue to position the company to cope with the economic recession, Toronto-based Noranda was recently selling a portion of its position in Kerr Addison Mine…
Toronto Stock Exchange Indices (February 11, 1991)
Feb. 5 Feb. 4 Feb. 1 Jan. 31 Jan. 30 HIGH LOW Composite”300″ 3365.82 3327.91 3293.49 3272.90 3248.69 4009.47 3009.91 Metals & Minerals3030.13 3001.59 2923.25 2918.51 2889.01 3453.06 2502.63 Integrated…
Judge dismisses Barrick action
A New York supreme court judge recently dismissed American Barrick Resources’ (TSE) bid to sue Gold Standard (NASDAQ) for alleged defamation in relation to an ownership dispute over the Mercur gold mi…
Westfield ups Northgate stake
Toronto-based holding company Westfield Minerals (TSE) recently increased its stake in Northgate Exploration (TSE) to about 15% from 10%. Having recently purchased 1.4 million common shares of Northga…
OBITUARY Hector Monette
Hector Monette, noted mining engineer, died recently in Quebec. He was 78. Born in Montreal, Monette graduated from the Military College of Kingston in 1934 and from McGill University in 1936. Upon gr…