Montreal Exchange (December 02, 1991)
Healthy trading volumes for the week ended Nov. 26 did not translate into an overall market gain. The general market portfolio index dropped a hefty 27.5 points and the mining and minerals index was o…
News
FINANCING (December 02, 1991)
S.M.A. Resources Ltd – 920,000 shs offered @ 25 cents per sh, also 280,000 flow-through shs offered @ 25 cents per sh. Even Resources Ltd – 675,000 shs offered @ 35 cents per sh. Timmax Resource Corp …
GOLD FUNDS (December 02, 1991)
BGR Central Net Value $8.72 $5.06 Price $8.00 $4.750 Discount 8.20% 6.1% Value $51,889,000 $79,915,425…
Audrey talking with Billiton Metals
Audrey Resources (TSE) of Rouyn-Noranda, Que., has resumed discussions with Royal Dutch/Shell Group subsidiary Billiton Metals Canada regarding the sale of its Mobrun polymetallic mine assets. Audrey,…
Martel rebuts remarks on rehab program
Ontario MPP Frank Miclash recently questioned the provincial government’s commitment to the rehabilitation of abandoned mine sites in Ontario. The Liberal member from Kenora in northwestern Ontario ca…
TSE Short Positions (December 02, 1991)
Semi-monthly reports as of November 15, showed 20,814,254 shares of 604 issues compared with 19,829,016 shares of 582 issues on October 31. Larger individual positions included: Amax Gold 68,300; Amer…
Soviet scientists to visit Sudbury
A symposium featuring earth scientists from the Soviet nickel camp at Norilsk in Siberia and their counterparts at Sudbury, Ont., is being organized for Oct. 2-6, 1992, at the Ontario Geological Surve…
Epp says Ottawa may leave mining entirely up to provincial
The federal government is considering vacating its role in the mining industry, Mines Minister Jake Epp told delegates to a mining industry symposium recently. As part of its proposal to amend the Can…
Toronto Stock Exchange (December 02, 1991)
Activity during the week ended Nov. 26 provided more evidence that the climate is improving for junior mining issues. Shares of Fort Knox Gold, for example, shot up to a new 52-week high of $1.75 as i…
Spot prices at a glance (December 02, 1991)
Weeks Price (US) Change Gold* $366.50 + $3.95 Silver* $ 4.10 + $0.02 Platinum* $367.25 + $1.10 Nickel** $ 3.23 …. Lead** $ 0.23 + $0.00 Copper $ 1.09 + $0.02 Zinc $ 0.53 + $0.01 Courtesy of Scotiaba…
Flag encouraged by Wanapitei samples
Samples from Flag Resources’ (ASE) Wanapitei property in Mackelcan Twp., Ont., have returned anomalous values of nickel, cobalt and gold. The samples, taken from altered sandstone north of Jones Lake,…
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.