Montreal Exchange TVX given boost
Trading during the first days of the new year was off to an inauspicious start, with the general market portfolio index slipping by more than 21 points for the week ended Jan. 8. The mining and minera…
News
Major arranges line of credit for winter drilling in Ontario
Funds made available through a 6-month line of credit will allow Major General Resources (VSE) to initiate a winter drilling program at its wholly owned Meen Lake, McVean Lake and First Loon propertie…
Canadian Mining Hall of Fame – Inductee JOHN D. SIMPSON, 1901-1988
It is largely due to the direction of John D. Simpson that Placer Development, a predecessor company of Placer Dome Inc., developed a global perspective that characterizes a growing number of Canadian…
Campbell Resources raises $8.6 million in rights offering
Toronto-based Campbell Resources (TSE) has raised $8.6 million through the issuance of 19.6 million shares under a recently completed rights offering. The offering entitled each shareholder to subscri…
Canadian Mining Hall of Fame – Inductee ALBERT A. KOFFMAN, 1910-
During a 45-year career in mining, Albert A. Koffman’s efforts led to the discovery of 13 base metal mines including the discovery and development of a new mining district in Manitoba. This remarkable…
Canadian Mining Hall of Fame – Inductees NORMAN C. PEARCE, 1889-
They never discovered a single showing or hoisted a ton of ore, but Norman and Richard Pearce chronicled the burgeoning Canadian mining industry in the pages of The Northern Miner weekly newspaper for…
GOLD FUNDS (January 14, 1991)
BGR Central Net value $9.71 $5.39 Price $8.13 $5.125 Discount 16.27% 4.9% Value $57,794,042 $86,224,538…
METAL PRICES FUTURES PRICES (January 14, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 116.50 115.60 115.70 –2.60 Feb 116.50 115.10 115.55 –2.50 Mar 116.20 114.10 114.50 –2.35 SILVER (in US cen…
METAL PRICES PRODUCER PRICES (January 14, 1991)
ALUMINUM: MW U.S. Market US70.50- 72.00 cents per lb. (Jan. 3, 1991). ANTIMONY: New York dealer US78-80 cents per lb. (Nov. 29, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). CA…
Environmental hitch killed deal for Magnacon
Environmental concerns associated with the Magnacon mill are the main reason why Hemlo Gold Mines (TSE) called a halt to purchase negotiations (T.N.M., Jan. 7/91), John Harvey, president of the large …
Program planned for Yukon copper deposit
The Williams Creek copper deposit will be further worked during the 1991 season by Western Copper Holdings, a junior owned about 36% by Teck (TSE) and its partner Thermal Exploration of California. We…
Rhodes, Toltec drill low-grade bet
Recent surface work and drilling on the Gold Basin property in Arizona may be uncovering a large, low grade gold system, report partners Consolidated Rhodes Resources (VSE) and Toltec Resources (VSE)….