Toronto Stock Exchange (December 02, 1991)
Activity during the week ended Nov. 26 provided more evidence that the climate is improving for junior mining issues. Shares of Fort Knox Gold, for example, shot up to a new 52-week high of $1.75 as i…
1991
Flag encouraged by Wanapitei samples
Samples from Flag Resources’ (ASE) Wanapitei property in Mackelcan Twp., Ont., have returned anomalous values of nickel, cobalt and gold. The samples, taken from altered sandstone north of Jones Lake,…
TSE INDICES (December 02, 1991)
Nov 26 Nov 25 Nov 22 Nov 21 Nov 20 High Low Composite 300″ 3448.32 3443.47 3451.91 3493.12 3501.72 4009.47 3009.91 Metals & Minerals 2892.05 2901.46 2915.10 2950.69 2946.82 3453.06 2502.63 Integrated …
Third quarter trims Crown
A third-quarter loss of US$1.2 million trimmed 9-month earnings for Crown Resources (VSE) this year. The company reported earnings of US$145,000 for the nine months ended Sept. 30, compared with US$2….
NEWS ROUNDUP (December 02, 1991)
Under a recent joint venture agreement between Bigstone Minerals (VSE) and Asarco Exploration of Canada, Bigstone has the option to earn a 51% interest in 42 units in Fawcett and MacMurchy twps., near…
Bethlehem Res. insider trades
Bethlehem Resources (TSE) Vice-President Brian Kynoch recently bought 21,438 shares for 38-45 cents to hold 235,688. A previous story (T.N.M., Nov. 25/91) reported that he sold the shares.
Quebec committed to use of asbestos
Quebec is committed to promoting the safe use of asbestos, the province’s deputy prime minister and minister of energy and resources recently told an international conference in Kuala Lumpur, Malaysia…
LETTERS TO THE EDITOR (December 02, 1991)
When your writer was at Cord Ranch recently, he should have stopped by Alligator Ridge. He would have found that Kennecott Corp. and Nerco Inc. no longer own Alligator Ridge; rather, USMX Inc., a soli…
Glamis reports lower earnings
Despite record production for the first quarter of fiscal 1992, Glamis Gold (TSE) reported lower earnings than in the first quarter of 1991. First-quarter production totalled 18,041 oz. compared to 11…
Alberta Stock Exchange (December 02, 1991)
Once again, Goldhunter Explorations topped the weekly trading list as the company announced an option agreement on its 8-unit property near Shining Tree, Ont. VSE-listed Commonwealth Gold has the righ…
Noranda unit seeks partners for plant
Development of a potential hydroelectric site and primary aluminum reduction plant in southern Chile is planned by Noranda Aluminum, a unit of Noranda (TSE), and Proyectos de Aysen SA of Santiago. The…
EDITORIAL PAGE (December 02, 1991)
Have some spare time on your hands? Need a little extra cash? Well, we’ve got a project for you. It’s called “bash the uranium mining business” and it’s all paid with taxpayers’ money. The Federal Env…