Pegasus lists on Montreal exchange

Washington-based Pegasus Gold (TSE) recently listed its common shares on the Montreal Exchange.

Incorporated in British Columbia, the gold producer operates four mines in the western U.S. with a total production of 332,600 oz. in 1990. Pegasus was one of the first companies to use the heap leaching method of gold recovery. “Over the last year or so we have had a good reception in Montreal from institutional investors,” said a spokesman for the company. “It’s been a failing on our part that we haven’t given past presentations in Montreal. It’s quite a dynamic exchange.”

The listing follows a public financing of $46.5 million. Pegasus’ common shares also trade on the Toronto and American stock exchanges while its options trade on the Chicago Board Options Exchange and the Montreal Exchange.