Demand seen slipping for base metals
After slumping by 21% in real terms in 1990, base metal prices are set to slip further in 1991 as demand continues to decline, writes Metals & Minerals Research Services of Great Britain in a recent M…
News
Toronto Stock Exchange Indices (January 21, 1991)
Jan.15 Jan.14 Jan. 11 Jan.10 Jan. 9 HIGH LOW Composite “300” 3161.95 3167.58 3183.59 3196.82 3169.64 4009.47 3009.91 Metals & Minerals 2681.40 2691.03 2686.21 2694.71 2632.06 3453.06 2502.63 Integrate…
Trenching find at Lookout bet
Partners Goldpac Investments (VSE) and White Knight Resources (VSE) reported results from a recent trenching and sampling program on their Lookout property near Cranbrook, B.C. The partners said a soi…
U.S.REPORT Battle Mountain ups reserves at Crown Jewel
The ongoing drilling program at the Crown Jewel property in northeastern Washington has increased reserves to 1.2 million contained oz. gold from the previously reported 830,000 oz. Battle Mountain Go…
INSIDER TRADING Sherritt officers invest in company
Two members of the dissident group that recently won control of Sherritt Gordon (TSE) recently emerged with a significant position in the Edmonton-based fertilizer and specialty metals manufacturer. A…
Phelps Dodge drops Stillwater option
Arizona-based Phelps Dodge (NYSE) has dropped its option on the Stillwater strategic metals joint venture in Montana with Australian company Boulder Gold. Phelps Dodge had to decide by Jan. 15, whethe…
Freewest, Mint option property
An agreement has been reached between Freewest Resources (TSE) and Mint Gold Resources (COATS) whereby the two companies have an option to earn a 100% interest in a 59-claim property in Northumberland…
METAL PRICES FREE MARKET (January 21, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 15 Jan 14 Jan 11 Jan 10 Jan 9 Copper 1272-1273 1291-1292 1310-1311 1314-1316 131…
Spot prices at a glance (January 21, 1991)
Week’s Price (US) Change Gold* $403.70 + $13.00 Silver* $4.22 + $0.13 Platinum*$424.00 + $9.75 Nickel** $3.78 — $0.17 Lead** $0.27 Copper- $1.06 — $0.10 Zinc $0.52 — $0.05 Courtesy of Scotiabank. I…
Gwen raises stake in Holloway claims
Edmonton-based Gwen Resources (ASE) has increased its interest to 50% from 25% in a group of 101 gold claims situated in Holloway and Marriot twps., near Matheson, Ont. The remaining half interest in …
U.S. REPORT New filing rules
Effective Jan 1., unless mining claim documents are accompanied by filing fees, the U.S. Bureau of Land Management (BLM) will refuse to file the documents. The rejected documents will no longer be dat…
Alberta Stock Exchange Volumes lacklustre (January 21, 1991)
Volumes were lighter than usual during the week ended Jan. 15 as investors remained fearful of war in the Persian Gulf following Iraq’s failure to comply with a United Nations ultimatum calling for it…