Cross Lake, KRL form joint venture
KRL Resources (VSE) and Cross Lake Minerals (VSE) have agreed to form a joint venture on the 43-unit Arthur Lake property in Knight and Natal twps., near Shining Tree, Ont. To earn a 51% interest in t…
1991
Toronto Stock Exchange (December 30, 1991)
Shares of Vancouver gold miner Placer Dome hovered close to their annual low during the week ended Dec. 23 as the company delayed a development decision on its Mt. Milligan gold-copper project. The cl…
EDITORIAL PAGE (December 30, 1991)
We know we’re going to take a lot of ribbing, but there really was no other choice. Margaret Witte, our Mining Man of the Year for 1991, was the newsmaker who made things happen in 1991 — assembling …
INSIDER TRADING (December 30, 1991)
American Barrick Resources (TSE) Vice-President Kenneth Thomas recently earned a substantial profit by exercising options on the Toronto-based gold producer’s stock. According to the Ontario Securitie…
Mining Man of the Year — Witte gathers rag-tag mines, builds
When Margaret (Peggy) Witte launched her initiative to acquire and revitalize the Pamour group companies in late 1990, it was perceived in some circles as being overly ambitious if not foolhardy. Gold…
Falconbridge options ground to seek Kidd Creek `satellites’
Toronto-based Falconbridge is gearing up to spend at least $500,000 in 1992 on ground held by White Star Copper Mines (CDN) west of its Kidd Creek copper mine near Timmins, Ont. After years of discuss…
Non-cash offer — Royal Oak bids for Hope Brook
The Hope Brook gold mine in Newfoundland could be re-opened next summer if Royal Oak Mines (TSE) is successful with its plans to acquire the mine and related facilities from Hope Brook Gold, a subsidi…
Battle Mountain ups reserves at Jewel
Stepout drilling over the past year on the Crown Jewel property in northeastern Washington state has boosted preliminary estimates of reserves to 8.7 million tons grading 0.19 oz. gold per ton. The ne…
MVP bondholders approve plan
Holders of MVP Capital’s (TSE) 5.75% convertible Swiss Bonds have approved all matters relating to a proposed reorganization that will enable them to exchange their bonds for cash and preferred shares…
Royalstar to sell 2.9 million shares
Royalstar Resources (VSE) says it has reached agreement-in-principle with Credit Lyonaisse Lang of the United Kingdom whereby the latter will act as agent in the sale of 2.9 million Royalstar shares a…
Montreal Exchange (December 30, 1991)
The holiday season buoyed investors, who turned out in strong numbers during the period ended Dec. 23. Daily trading volumes ranged between 4.2 million and 10.9 million during the four days, driving t…
Inco takes over Fort Knox play
Big brother Inco (TSE) has taken over the supervision of exploration at Fort Knox Gold Resources’ (TSE) base metal prospect in the Shining Tree area of northeastern Ontario. The decision was announced…