INSIDER TRADING (November 11, 1991)
Claude Resources’ (TSE) controlling shareholder BEC International recently reduced its interest in the Saskatoon company at a significant discount to the recent market price. According to the Ontario …
News
Royal Oak, Falco cut copper, zinc
A $4-million exploration drive by Falconbridge on Royal Oak Mines’ (TSE) base metal property 20 miles west of Sudbury, Ont., has turned up encouraging mineralization almost two miles away from a known…
High grades from Gap zone
Ongoing drilling by Westmin Resources (TSE) is continuing to return high-grade results from the Gap zone discovery area on the Myra Falls mine property near Campbell River, B.C..T The latest hole, 15-…
Montreal Exchange (November 11, 1991)
Maintaining its trading momentum during the week ended Nov. 5 was Societe d’Exploration Miniere Vior, which announced plans to raise up to $500,000 through a private placement. The proceeds will be us…
PRODUCER PRICES (November 11, 1991)
ALUMINUM: MW U.S. market US54.75-55.50 cents per lb. (Oct. 24, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CAD…
Cominco cuts zinc production
Cominco (TSE) announced it will be operating its zinc refinery at Trail, B.C., at 90% of its 300,000-ton-per-year capacity. The company also announced that further cutbacks would be considered, “if wo…
Uranium mine in Nebraska opens using in situ leaching
Owners of the Crow Butte uranium mine joined their guests for a tour of operations and a country-style celebration to mark the Oct. 17 official opening of the mine, four miles from this prairie commun…
Noront to drill promising projects
Although finding it difficult to raise money these days, “one way or another” Noront Resources (VSE) is determined to proceed with drilling on three of its better-looking projects, President Richard N…
GOLD FUNDS (November 04, 1991)
BGR Central Net Value $8.50 $5.00 Price $7.88 $4.550 Discount 7.35% 9.0% Value $50,610,017 $76,550,565…
Idaho acquiring property interests
Idaho Consolidated Metals (VSE) said it is negotiating for the acquisition of up to a 60% interest in the entire property portfolio in Idaho of private company Idaho Mining and Development, and a 60% …
Lone Tree mine pours first gold
The first gold was poured recently at the Lone Tree mine of Santa Fe Pacific Gold, a unit of Santa Fe Pacific Corp., near Winnemucca, Nev. Output of 28,000 oz. gold is estimated for 1991 from the mine…
U.S. REPORT (November 04, 1991)
Earnings for the first nine months of 1991 remained unchanged from a year earlier for Pegasus Gold (TSE) which reports net income of US$6.3 million for both periods. Earnings for the 1991 third quarte…