NEWS IN BRIEF (September 23, 1991)
Gonzales Gold Mines Ltd. (GZG:VSE) has changed its transfer agent to Pacific Corporate Trust Co.
Articles by Northern Miner Staff
TORONTO STOCK EXCHANGE INDICES (September 23, 1991)
Sept 17 Sept 16 Sept 13 Sept 12 Sept 11 High Low Composite “300”3417.96 3428.17 3421.14 3437.59 3429.74 4009.47 3009.91 Metals & Minerals2934.88 2965.90 2956.75 2959.59 2966.18 3453.06 2502.63 Intergr…
FINANCING (September 23, 1991)
Cree Lake Resources Corp – 950,000 units consisting of 1 sh and 1 wt offered @ $1.25 per unit. Commonwealth Gold Corporation – 2,500,000 units consisting of 1 sh and 1 wt offered @ 49 cents per unit.
GOLD FUNDS (September 23, 1991)
BGR Central Net Value $8.23 $4.87 Price $7.38 $4.350 Discount 10.36% 10.7% Value $48,987,129 $73,185,705…
Toronto Stock Exchange (September 23, 1991)
A much anticipated drop in U.S. and Canadian interest rates during the week ended Sept. 17 failed to generate much enthusiasm for equities. As the gold price continued to hover at the low end of its U…
Conference on industrial minerals
The third annual Canadian conference on markets for industrial minerals, Industrial Minerals ’91, scheduled for Oct. 22-23 at Toronto’s King Edward Hotel, will include a presentation of interest to co…
Montreal Exchange (September 23, 1991)
The mining and minerals index declined by more than 13 points and the market portfolio moved ahead by about a half-point during the week ended Sept. 17. Daily trading volumes were generally in the 4-m…
EDITORIAL PAGE (September 23, 1991)
The legacy from the enthusiastic marketing of flow-through shares in the 1980s is still with us. The burst of exploration activity paid for by flow-through added considerably to Canada’s mineral datab…
Bema step closer to Refugio financing
The appointment of a lead banker and syndication manager brings Bema Gold (TSE) one step closer to arranging financing for its 50% owned Refugio gold project in Chile. Sharps Pixley, the bullion tradi…
Analysts look to Russia for hints on gold
Precious metal stocks, already bloodied by low gold prices, took another beating recently as fears of a big sell-off in the Soviet Union kept the yellow metal below its 52-week trading range of US$350…
PEOPLE (September 23, 1991)
R. MacDonald appointed chief financial officer and senior vice-president, finance.
Denison completes Spanish oil sale
Toronto-based Denison Mines (TSE) recently completed the sale of a 12.6% interest in the Casablanca oilfield offshore Spain for US$15.5 million. However, even though Denison expects to receive an addi…