Geologists meeting at Wolfville ’92
Billed as the largest meeting of geologists in Canada, the joint Geological Association of Canada and Mineralogical Association of Canada annual meeting will take place May 25-27 at Acadia University,…
News
Canmine explores Fer property
Drilling is under way on Canmine Resources’ (CDN) FER copper-zinc property in the Sherridon camp of northern Manitoba. Canmine says 12 drill targets have been sited over the FER zone’s 300-metre strik…
Metal output value falls 17%
The total value of mineral production in Canada in 1991 decreased by 14.6%, or about $6 billion, from the 1990 level, Energy, Mines and Resources Canada (EMR) reports. EMR said this decline was mainly…
Deak Resources wins $800,000 loan
The Northern Ontario Heritage fund has agreed to loan Deak Resources (TSE) an additional $800,000 for modifications at the company’s gold mill near Virginiatown, Ont. To date, the first phase of rehab…
Metal Prices (February 17, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 11 Feb 10 Feb 7 Feb 6 Feb 5 Copper 1206-1207 1189-1191 1189-1191 1198-1199 1201-…
Uncertain fate awaits Paymaster
The Paymaster gold project at Timmins, Ont., faces an uncertain future now that Placer Dome (TSE) has decided to take a $31-million writedown on the value of its interest in the property. Although Pla…
U.S. REPORT (February 17, 1992)
As a result of a planned restructuring, Galactic Resources (TSE) announced it will not meet the Jan. 31 interest payment on its outstanding 7% exchangeable debentures. Peter Guest, president, said the…
TSE Short Positions (February 17, 1992)
Semi-monthly reports as of January 31, showed 22,728,756 shares of 591 issues compared with 20,679,088 shares of 600 issues on January 15. Larger individual positions included: Amer. Barrick 147,500, …
Business as usual for Princeton
Management of Princeton Mining (TSE) recently stated that the appointment of a receiver for its wholly owned subsidiary, Cassiar Mining, will not affect its other business activities. The British Colu…
INSIDER TRADING (February 17, 1992)
William Dickie, a director of Toronto-based Goldhunter Explorations (ASE), was active in the stock market recently. According to the Ontario Securities Commission OSC Bulletin, Dickie bought 130,000 s…
Montreal Exchange (February 17, 1992)
Drilling activity at the Douay gold property of Societe d’Exploration Miniere Vior helped to propel the stock upwards during the week ended Feb. 11. The junior, which gained 15 cents to 70 cents on al…
PROFILE (February 17, 1992)
Late last year, Fort Knox Gold Resources emerged from a dormant penny stock to become one of the most active issues in The Toronto Stock Exchange. Much of the credit goes to Exploration Vice-President…