TORONTO STOCK EXCHANGE INDICES (March 18, 1991)
Mar.12 Mar.11 Mar.8 Mar.7 Mar.6 HIGH LOW Composite “300”3544.41 3555.00 3571.42 3564.04 3571.53 4009.47 3009.91 Metals & Minerals3217.09 3204.19 3235.65 3237.50 3244.10 3453.06 2502.63 Integrated Mine…
Articles by Northern Miner Staff
FINANCING (March 18, 1991)
Blue Sun Resources Corporation — 1,000,000 units consisting of 1 sh & 2 wts offered @ 40 cents per unit. Crisan Resources Ltd. — 1,400,000 shs offered @ 55 cents per sh. Pulse Resources Ltd. — 1,25…
EDITORIAL Sacrificing development for river rafters
It is hard to tell how many people pay for the opportunity to raft down the Tatshenshini River each year. It could be in the hundreds, and there may well be a large number of Canadians among them. For…
U.S.REPORT Great Lakes buys out Michigan firm
Increasing its commitment to northern Michigan, Great Lakes Minerals (TSE) has acquired 100% of Keeweenaw Copper (KCC), a private company with a stake in a number of copper deposits along the Keeweena…
Eskay Creek talks break off
Discussions between Placer Dome (TSE) and Corona (TSE) broke down after the two companies were unable to settle undisclosed issues relating to future development of the Eskay Creek project north of St…
Alberta Stock Exchange Bitech doubles
After a long period of dormancy at the 5 cents level, shares of Bitech perked up 6 cents to close at 11 cents on volume of more than 2.5 million shares in the week ended Mar. 12. Bitech’s subsidiary, …
White mine’s value cut by 66%
The estimated recoverable value of Dickenson Mines’ (TSE) Arthur White gold mine at Red Lake, Ont., has been reduced to $22.7 million, a $45-million writedown of its undepreciated carrying value. Whil…
FUTURES PRICES (March 18, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG)(in US cents per lb.) Mar 110.60 110.00 111.10 -0.70 Apr 109.60 109.20 109.25 -1.40 May 108.70 107.60 108.25 -1.50 SILVER (in US cents p…
Contracting doubles Hillsborough profits
Toronto-based Hillsborough Resources (TSE), which is developing the Mt. Hundere lead-zinc project in a joint venture with Curragh Resources (TSE), succeeded in doubling its profits during 1990. For th…
Sphinx plans West African acquisition
Under an agreement with Tai-Pan Resources, Societe Miniere Sphinx (ME) will purchase a 51% interest in the Bakolobi gold project in Mali, West Africa, for $2.2 million. The agreement expires in June. …
`Digger’ Gorman concludes series with talk on prospecting
Well-known and respected geologist Dr. D.H. “Digger” Gorman will give the concluding paper in a series of five talks on prospecting and mining organized by the Prospectors and Developers Association o…
Fraud charges laid in Perilya scandal
Three Australian prospectors have been charged with fraud after they persuaded Noranda (TSE) to buy a stake in a salted gold prospect near Karpa Spring in Western Australia. The three men were charged…