GOLD FUNDS (September 30, 1991)
BGR Central Net Value $8.30 $4.94 Price $7.38 $4.400 Discount 11.11% 10.9% Value $49,398,725 $74,026,920…
Articles by Northern Miner Staff
FUTURES PRICES (September 30, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Sep 109.55 106.90 107.40 + 3.00 Oct 107.40 105.70 106.50 + 3.80 Nov 105.60 105.00 105.40 + 3.40 SILVER (in US cen…
Redfern confirming Tulsequah model
A 6-hole infill drilling program at the Tulsequah Chief property in northwestern British Columbia is confirming projections made by a new geological model recently compiled by Cambria Data Services. R…
FINANCING (September 30, 1991)
Toscana Resources LtdCastlewood Metals and Explorations Ltd – 850,000 units consisting of 1 sh and 1 wt offered @ 50 cents per unit. Dasserat Developments Corp – 600,000 shs offered @ 50 cents per sh.
Canamin to drill Poplar property
A drilling program is expected to begin shortly on the Poplar property which was recently acquired by New Canamin Resources (VSE). The company can acquire a 100% interest in the property, about 45 mil…
Denison workers ready to strike
Unionized employees at Denison Mines’ (TSE) Elliot Lake, Ont., uranium operations say they are prepared to strike in support of contract demands. Denison’s 400 uranium miners, who are represented by t…
Taxation talk in Montreal
Mining taxation is the subject of an international conference this week in Montreal. The conference, to run from Sept. 30 to Oct. 4 at the headquarters of the International Civil Aviation Organization…
Big Hydro rate hike in works
Ontario mining companies already under pressure from sagging metal prices are preparing to pay more for electricity after Ontario Hydro announced that it will increase its rates by an average of 11.8%…
Deep-drilling polymetallic find Victor a major new discovery for
Crowning 16 years of exploration by Inco (TSE) in the Victor area on the eastern rim of the Sudbury, Ont., basin, three deep drill holes have returned assays that are little short of momentous. Grades…
TORONTO STOCK INDICES
Sept 24 Sept 23 Sept 20 Sept 19 Sept 18 High Low Composite”300″ 3398.10 3396.61 3407.09 3411.95 3418.48 4009.47 3009.91 Metals & Minerals2893.55 2873.74 2894.73 2915.43 2919.88 3453.06 2502.63 Intergr…
Curragh opens new coal mine
Brokers from central Canada recently had their first look at the new underground coal mine here which will provide security for Curragh Resources’ (TSE) latest private placement. Cash flow from the We…
Audrey wins loan extension with lenders
Polymetallic miner Audrey Resources (TSE) has reached an agreement with Elders Finance Inc. to extend to June 30, 1992, the final reimbursement of its long-term debt of US$12.1 million. The maturity d…