Toronto Stock Exchange Short Positions
Semi-monthly reports as of May 31, showed 22,558,548 shares of 583 issues compared with 25,640,565 shares of 587 issues on May 15. Larger individual positions included: Amer. Barrick 423,542, up 290,8…
Articles by Northern Miner Staff
TORONTO STOCK EXCHANGE INDICES (June 17, 1991)
June 11 June 10 June 7 June 6 June 5 HIGH LOW Com.”300″ 3572.25 3569.28 3582.07 3576.87 3556.27 4009.47 3009.91 Metals & Minerals 3173.00 3172.59 3209.40 3234.16 3217.93 3453.06 2502.63 Integra…
St Andrew plans new offering
To help solve its financial problems, St Andrew Goldfields (TSE) is planning an offering of convertible preferred shares in Switzerland. The company said it has appointed Banque Indosuez of Geneva an…
Montreal Exchange New Louvem owner
An agreement-in-principle with St. Genevieve Resources will see Noranda become the majority owner of Societe Miniere Louvem, which is part-owner of the Louvicourt massive sulphide project northeast of…
UPG to build mill in Philippines
United Pacific Gold (VSE) has exercised an option to build a gold and silver recovery plant at its Dipore property in the southern Philippines. The plant, expected to cost about US$800,000, will proc…
Good Mann results buoy Campbell
The Joe Mann gold-copper mine of Campbell Resources (TSE) in the Chibougamau area of Quebec produced 35,400 oz. gold during the first five months of 1991 and is well on its way to meeting its targeted…
Matheson area Eastern Canada’s exploration hotspot
At a time when precious metal exploration is all but dead in much of Eastern Canada, it is heartening to see the gold bulls still charging along Ontario’s portion of the Porcupine-Destor fault. Markin…
GOLD FUNDS (June 17, 1991)
BGR Central Net Value $8.88 $5.21 Price $7.50 $4.900 Discount 15.54% 6.0% Value $52,887,666 $82,439,070…
Uranium mining is fast becoming a prairie operation
Saskatchewan is Canada’s premier, but not the country’s only, uranium producing province. By 1993, however, the prairie province will likely be responsible for almost all of the nation’s uranium outpu…
Correction (June 17, 1991)
Preliminary reserves within the No. 2 zone at Glimmer Resources’ (TSE) Beatty-Hislop gold project are estimated to be 469,834 million tonnes grading 12.4 grams gold per tonne. An incorrect figure was …
Breakwater closes Estrades less than a year after startup
Citing weak metal prices, Breakwater Resources (TSE) suspended operations in early June at its 70% owned Estrades polymetallic mine in northwestern Quebec. Golden Group Explorations (VSE) has an 18% …
Diepdaume plans to start up mill
Toronto-based Diepdaume Mines (VSE) plans to start up its custom mill in the Timmins gold camp of northern Ontario this month. Initially, the mill will be fed by a 60,000-ton stockpile from the Ross m…