NEWS IN BRIEF (December 02, 1991)
Reymont Gold Mines Ltd. (RMT:ASE) has changed its name to Pallaum Minerals Ltd. (PLM:ASE) with a consolidation of capital on a 1-new-for-10-old-share basis. The transfer agent is National Trust.
News
View from the West (December 02, 1991)
The mining industry, among others, has been repeatedly beaten over the head with the preservationist theme that 12% of the land must be in parks and wilderness areas ever since the publication in 1987…
TSE INDICES (December 02, 1991)
Nov 26 Nov 25 Nov 22 Nov 21 Nov 20 High Low Composite 300″ 3448.32 3443.47 3451.91 3493.12 3501.72 4009.47 3009.91 Metals & Minerals 2892.05 2901.46 2915.10 2950.69 2946.82 3453.06 2502.63 Integrated …
Third quarter trims Crown
A third-quarter loss of US$1.2 million trimmed 9-month earnings for Crown Resources (VSE) this year. The company reported earnings of US$145,000 for the nine months ended Sept. 30, compared with US$2….
NEWS ROUNDUP (December 02, 1991)
Under a recent joint venture agreement between Bigstone Minerals (VSE) and Asarco Exploration of Canada, Bigstone has the option to earn a 51% interest in 42 units in Fawcett and MacMurchy twps., near…
Bethlehem Res. insider trades
Bethlehem Resources (TSE) Vice-President Brian Kynoch recently bought 21,438 shares for 38-45 cents to hold 235,688. A previous story (T.N.M., Nov. 25/91) reported that he sold the shares.
Quebec committed to use of asbestos
Quebec is committed to promoting the safe use of asbestos, the province’s deputy prime minister and minister of energy and resources recently told an international conference in Kuala Lumpur, Malaysia…
LETTERS TO THE EDITOR (December 02, 1991)
When your writer was at Cord Ranch recently, he should have stopped by Alligator Ridge. He would have found that Kennecott Corp. and Nerco Inc. no longer own Alligator Ridge; rather, USMX Inc., a soli…
Comaplex dispute takes new twist
Almost four years after a Swiss bank acquired 75% of Calgary-based Comaplex Resources (TSE) without adequate disclosure to the Ontario Securities Commission, the complicated case has taken a new twist…
Glamis reports lower earnings
Despite record production for the first quarter of fiscal 1992, Glamis Gold (TSE) reported lower earnings than in the first quarter of 1991. First-quarter production totalled 18,041 oz. compared to 11…
Graphicor suspends graphite project
Suspension of all mining activities at the Diotte graphite property at St. Aime, Lac des Iles, Que., was announced by Graphicor Resources. The company suspended operations because, it said it has been…
Alberta Stock Exchange (December 02, 1991)
Once again, Goldhunter Explorations topped the weekly trading list as the company announced an option agreement on its 8-unit property near Shining Tree, Ont. VSE-listed Commonwealth Gold has the righ…