TVX to sell High River stake
TVX Gold (TSE) has agreed to sell its 34.1% stake in High River Gold Mines (TSE) to Restech Canada holdings, a subsidiary of Australia’s Restech International. After the share transaction, the Restech…
News
Toronto Stock Exchange (December 09, 1991)
Inco affiliate Fort Knox Gold roared to a new high of $3.05 on a volume leading 2.1 million shares during the week ended Dec. 3 before trading was halted at the request of The Toronto Stock Exchange. …
Montreal Exchange (December 09, 1991)
The market portfolio and mining and minerals index moved in opposite directions, with the former gaining almost 14 points and the latter dropping by almost 14 points during the week ended Dec. 3. Dail…
Unlisted Trading (December 09, 1991)
During a quiet week on the unlisted network, White Star Copper Mines and Chance Mining and Exploration, which both hold ground in the vicinity of the Kidd Creek mine near Timmins, Ont., were among the…
NEWS IN BRIEF (December 09, 1991)
Comstate Resources (TSE) announced it is negotiating private placements totalling about 1.4 million units at 45 cents per unit to purchasers in British Columbia, Alberta and Saskatchewan. Gross procee…
PEOPLE (December 09, 1991)
John Cave and Frank Burylo appointed directors.
International team locates large ocean deposit
A team of Canadian, Australian and Papua New Guinean scientists has discovered a large metallic mineral deposit forming on the ocean floor off the Papua New Guinean island of New Britain. Although Pac…
Wilanour study in agreement with TVX view
An independent study sponsored by one of the minority partners in the Wilanour gold project near Cochenour, Ont., has confirmed the accuracy of previous reserve estimates by Toronto-based TVX Gold (TS…
Spot prices at a glance (December 09, 1991)
Week’s Price (US) Change Gold* $365.70 – $0.80 Silver* $ 4.05 – $0.05 Platinum* $365.50 – $1.75 Nickel** $ 3.19 – $0.04 Lead** $ 0.24 + $0.01 Copper{ $ 1.06 – $0.03 Zinc $ 0.56 + $0.03 Courtesy of Sco…
Brenna in venture with Soviet firm for gold exploration
California-based Brenna Resources (VSE) has signed a joint venture deal to conduct exploration in the Uzbekistan Republic, site of about 30% of the Soviet Union’s gold reserves. In a joint venture wit…
Deak, Kennecott drilling near Kerr
A $1-million exploration program funded by Toronto-based Deak Resources (TSE) and Kennecott Canada has commenced on claims adjoining Deak’s Kerr gold mine and mill at Virginiatown, Ont. Using the unde…
Joe Mann output increases, shaft to be deepened 700 ft.
The Joe Mann mine of Campbell Resources (TSE), southwest of Chibougamau, Que., produced 64,100 oz. gold and 1.1 million lb. copper during the first nine months of 1991, the company reports. For the sa…