1991

McFinley and contractor in co-operative spirit

McFinley Red Lake Gold Mines (TSE) and contractor Dominion Bridge have agreed to shelve litigation over a Red Lake, Ont., gold project while they look for a joint venture partner willing to develop th…


PEOPLE (December 23, 1991)

Bevan Anderson appointed vice-president, corporate affairs; Raymond Mongeau and A. Reid appointed directors.


Montanore suspension continues

Development work at the Montanore copper-silver project near Libby, Mont., remains suspended because of environmental problems. Noranda (TSE), 55% owner of the project, was forced to shut down operati…


Cathedral reports quarterly loss (December 23, 1991)

A loss of $114,000 on revenues of $423,000 was reported by Cathedral Gold (TSE) for its 1991 third quarter ended Sept. 30, compared with a loss of $202,000 on revenues of $581,000 for the comparable p…



Toronto Stock Exchange (December 23, 1991)

Placer Dome stunned investors and angered executives at International Corona during the week ended Dec. 17 by pulling out of a $240-million proposal to develop the Eskay Creek gold deposit in British …


Vancouver Stock Exchange (December 23, 1991)

The outlook for resource issues on the VSE shifted from bad to worse during the week ended Dec. 17, with the resource index dropping by more than 40 points to 444.4. The composite index fared better, …



Montreal Exchange (December 23, 1991)

Strong investor interest was evident during the week ended Dec. 17, with daily trading volumes ranging between 5.3 million and 11.8 million shares. Both the market portfolio and mining and minerals in…


Alberta Stock Exchange (December 23, 1991)

It has been a busy month for Kingswood Explorations (ASE), which optioned one of its properties, tendered most of the shares of a private exploration concern and is planning a drill program near Mathe…


Golden Tag takes 50% interest in claims near Grevet

Subject to regulatory approval, Golden Tag Resources (VSE) has acquired a 50% interest in 41 claims in Verneuil Twp., Que., adjacent to Grevet Twp. and eight miles east of Quevillon. No serious explor…



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