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…
News
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…
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…
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…
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…
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% …
Pioneer needs shareholders’ approval for restructuring
In an effort to continue as a viable company, Pioneer Metals (TSE) will seek shareholder approval for various restructuring proposals at its annual meeting later this month. Pioneer settled the major…
IOCC GOLD OPTIONS (June 17, 1991)
Options Open Series Volume Last Interest Aug 400 C 20 2.50 113 Aug 410 C 10 0.50 40 Aug 440 C 70 …
Claude prepares new reserve figure for Seabee project
The number-crunchers at Claude Resources (TSE) Seabee project in northern Saskatchewan will attach a reserve estimate to the recently discovered 161 zone within the next few weeks, said company Presid…
Platinova moving to Greenland
Shareholders of Platinova Resources (TSE) have given the green light to a proposal to transfer the company’s business to Greenland under an arrangement that includes an approximate $2-million equity i…