Spot prices at a glance (February 11, 1991)
Week’s Price (US) Change Gold* $360.90 — $8.85 Silver* $3.81 Platinum*$379.75 — $6.75 Nickel** $3.85 + $0.01 Lead** $0.27 Copper- $1.08 + $0.01 Zinc $0.53 + $0.01 Courtesy of Scotiabank. Information…
News
Arizona produces $3-billion worth of minerals
Recently released by the Department of Mines and Mineral Resources, Directory of Active Mines in Arizona — 1991 lists 55 companies, 94 mines and 123 sand-gravel operations. Arizona, the leading nonfu…
Letters to the editor In defence of engineers
It is disheartening to learn that some people have such a poor impression of the abilities and attitudes of professional engineers. Canadian mining engineers have developed innovative mining technique…
Chamber meeting set in Nova Scotia
The Chamber of Mineral Resources of Nova Scotia annual meeting and seminar will take place Feb. 13-14 at Halifax. Guest speakers at the Feb. 13 dinner will include Jack MacIsaac, minister, Nova Scotia…
Murgold consolidates stock, changes name
Murgold Resources (TSE) has consolidated its stock on a 1-for-10 basis and changed its name to Arimathaea Resources (TSE). The company has also completed a private placement of four million units for …
Teeshin finalized Dome deal
The option agreement between Teeshin Resources (VSE) and Timmins Nickel (TSE) to place the Dome Mountain gold project into production has been finalized. Timmins can earn a 60% interest in the project…
U.S. REPORT Fogarty honored by AMC award
An executive whose impact on the mining industry in Canada was as great as it was in the U.S. was selected by the American Mining Congress (AMC) to receive its distinguished service award. The recipie…
Royal Oak, Pamour merger proceeding
An amalgamation between Royal Oak Resources (TSE) and the Pamour (TSE) group of companies should be completed by the end of March, Royal Oak says. The Pamour group, 67.1% owned by Royal Oak, includes …
U.S. REPORT Asarco closes Coeur silver mine
As a result of a sustained drop in the price of silver, Asarco (NYSE) plans to shut down its 55% owned Coeur silver mine in northern Idaho. The balance of the mine is owned by Coeur d’Alene Mines (NYS…
PEOPLE HIGHGRADE VENTURES
Minaz Devji appointed director.
Toronto Stock Exchange Freewest hits new high as golds join market
Despite compelling evidence from Statistics Canada that the Canadian economy is still weakening, bargain hunters were out in force during the week ended Feb. 5. Drawn back into the market by lower int…
PEOPLE YORBEAU RESOURCES
David Crevier appointed chairman; Jean Rainville appointed president succeeding Karl Glackmeyer who remains a director.