1991

NEWS ROUNDUP (November 18, 1991)

An agreement has been entered into by Globex Mining Enterprises (ME) and Fairfield Explorations (ME) whereby Noranda Exploration, a unit of Noranda (TSE), may earn a 60% interest in their claim blocks…


Kingswood to buy out private firm

Kingswood Explorations (ASE) has offered to purchase all of the issued and outstanding shares of Fort Rupert Resources (a private company). Under the offer, which is subject to regulatory approval, ea…


TORONTO STOCK EXCHANGE INDICES (November 18, 1991)

Nov 12 Nov 11 Nov 8 Nov 7 Nov 6 High Low Composite “300” 3604.09 3579.30 3561.56 3546.70 3531.08 4009.47 3009.91 Metals & Minerals 3119.54 3077.99 3060.64 3036.52 3033.96 3453.06 2502.63 Intergrated M…


Bridger seeks damages from Teck

An action for damages was recently filed by Bridger Resources (VSE) against Teck (TSE) in the Supreme Court of British Columbia relating to the La Pepa gold mine project in Chile. Bridger held a 68% i…


Royal Oak stakes at Shining Tree

Royal Oak Mines (TSE) has staked 123 claims in the Shining Tree area of northeastern Ontario following Fort Knox Gold Resources’ (TSE) discovery of ore-grade nickel and copper mineralization on its pr…


Coins reducing silver stockpile

The silver stockpile of the U.S. defence department has been reduced by 41% through U.S. Mint coinage programs since the Mint began drawing from the stockpile in 1986, The Silver Institute of Washingt…


Stratmin plant at full throttle

Full production at the St-Aime-du-Lac-des-Iles graphite concentrator north of Montreal will resume Nov. 25 after having been operated on a part-time basis since April, Stratmin Graphite, a 75% owned s…


Pre-concentration method could reduce Sikaman costs

A 3-year extension was recently given to Sikaman Gold (TSE) on its option to bring the Snow Lake tailings project into production after tests showed that an alternative pre-concentration method could …


Kowalski launches Founder Resources

Former Metalore Resources (TSE) geologist Barbara Kowalski has successfully launched a new junior exploration company with a mandate to develop three claim groups near Beardmore in northern Ontario. S…


Lower grade cuts output, boosts costs for Echo Bay

A combination of lower ore grades and weaker gold prices slashed Echo Bay Mines’ (TSE) third-quarter earnings in half, from US$5.1 million (5 per share) in 1990 to US$2.3 million (2 per share). At 50%…


Unlisted Trading (November 18, 1991)

The results of a bulk-sampling program on Swansea Gold Mines placer property near Wisdom, Mont., indicate that the gold-bearing material has an average recovery of 0.055 oz. gold per cu. yd. The resul…


Cambior reports higher gold output

Higher output was reported by Cambior (TSE) for the third quarter of 1991 but net earnings decreased. The gold producer attributed the earnings dip to a large drop in the net selling price for gold du…


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close