Claude and Aaron in diamond search
Joint venture partners Claude Resources (TSE) and Aaron Oil (ASE) are planning a drilling program to test magnetic anomalies for diamond mineralization on property in the Fort a la Corne and Sturgeon …
News
Southern Chile focus for Arauco
Four local mining groups have teamed up to form a new company directed exclusively at finding mineral deposits in Latin America, with Southern Chile being the primary exploration target. The venture i…
Curragh selling smelter interest (November 04, 1991)
Toronto-based Curragh Resources (TSE) is negotiating to sell its 20.8% interest in Spanish smelting company Asturiana De Zinc SA, says Chairman Clifford Frame. Under a proposed agreement, the Spanish …
U.S. REPORT (November 04, 1991)
Earnings for the first nine months of 1991 remained unchanged from a year earlier for Pegasus Gold (TSE) which reports net income of US$6.3 million for both periods. Earnings for the 1991 third quarte…
Caterpillar finances Bema equipment
Equip-ment financing for the Refugio gold project owned 50% by Bema Gold (TSE) has been arranged through Caterpillar America and its Chilean distributor. Caterpillar will supply up to US$24.6 million …
CIM Newfoundland meeting to feature industrial minerals
The Newfoundland branch of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) will hold its 38th annual meeting on Nov. 7-9 in St. John’s. It will begin with a day-long Open House by the…
Cutbacks planned by Falconbridge
In response to continuing weakness in the nickel market, Falconbridge said it is extending the shutdown of one of two electric furnaces at its Dominican Republic ferronickel operation until at least t…
Adonos acquires second rutile play
A second rutile (titanium) property in northern Chile has been acquired by Adonos Resources (VSE). The company said surface investigations of the wholly owned La Rosada property indicate the potential…
Fort Knox keeps setting new highs
Further work on Fort Knox Gold Resources’ (TSE) claims in Fawcett Twp., Ont., will get under way as soon as financing is complete, says Wayne Whymark, vice-president of exploration. “I am quite confid…
Montreal Exchange (November 04, 1991)
Trading volumes were steady but both the market portfolio and mining and minerals index experienced 15-point losses for the week ended Oct. 29. Daily volumes ranged between four million and 8.6 millio…
TORONTO STOCK EXCHANGE INDICES (November 04, 1991)
Oct 29 Oct 28 Oct 25 Oct 24 Oct 23 High Low Composite “300” 3485.42 3455.84 3434.17 3446.94 3459.16 4009.47 3009.91 Metals & Minerals 3001.05 2967.09 2965.83 2974.53 3000.16 3453.06 2502.63 Intergrate…
Giant Pacific seeks funds for projects in Nevada and Mexico
Australian financier Chrisilios Kyriakou, who was ousted three years ago from the board of Pamour Inc., is making a comeback in the gold mining business. Kyriakou’s private firm Walhalla Mining is pla…