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…
News
Crown Butte ups gold content at 100% owned New World
An updated preliminary reserve estimate was released by Crown Butte Resources (TSE) for its 100% owned New World gold-silver-copper project in Park Cty., Mont. The advanced project is being explored a…
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…
More drilling for Preview Lake
Preview Lake partners Windarra Minerals (TSE) (20%), Cameco (TSE) (50%) and Uranerz Exploration and Mining (30%) have agreed to spend $2 million to look for additional reserves at the Contact Lake dep…
LETTERS TO THE EDITOR (December 23, 1991)
I note that the Canadian Mining Hall of Fame, in its fourth year of existence, has decided to induct Sir William Logan at its Jan. 6, 1992, ceremony at Toronto (T.N.M., Dec. 2/91). My thought is that …
TORONTO STOCK EXCHANGE INDICES (December 23, 1991)
Dec 17 Dec 16 Dec 13 Dec 12 Dec 11 High Low Composite 300 3325.08 3346.05 3359.47 3348.42 3351.92 4009.47 3009.91 Metals & Minerals 2689.56 2724.79 2768.41 2760.23 2752.01 3453.06 2502.63 Integrated M…
Geologist touts Irish projects
The time is ripe to get involved in a new generation of Irish mineral exploration companies, says a Halifax, N.S., consulting geologist. James Patterson, who did his Ph.D. work at Imperial College in …
Crude buying 75% of Magnacon mill
After months of negotiations, Central Crude (TSE) has signed a letter of intent to purchase 75% of the Magnacon mill and related infrastructure near Wawa, Ont., from debt-ridden partners Flanagan McAd…
NO HEADLINE (December 23, 1991)
ALUMINUM: MW U.S. market US49.50-50.25 cents per lb. (Dec. 5, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADM…
Cameco increases reserves at McArthur River project
Recent drilling at the McArthur River joint venture has boosted probable in-situ reserves from 200 million to 260 million lb. of U3O8. The average grade of the deposit has increased from 4% to 5% U3O8…