PROFILE (October 28, 1991)
Although the New Democratic Party scored a majority victory in British Columbia’s provincial election last week, Curragh Resources will continue with its plan to develop 70% owned Stronsay, a zinc-lea…
News
Echo Bay makes oddlot’ offer
Gold producer Echo Bay Mines (TSE) announced a program under which shareholders owning “oddlots” of the company’s stock (fewer shares than a board lot of 100 shares) may either sell their shares or pu…
INSIDER TRADING (October 28, 1991)
Warren Armstrong, president of Quebec Sturgeon River Mines (TSE), recently reduced his holding in the 21.6% owned affiliate of Toronto-based Coniagas Mines (TSE). According to the Ontario Securities C…
Study dismisses link between uranium tailings and cancer
Residents of this small community in the heart of the Kawartha Lakes tourist region received some good news recently from the Ontario Ministry of Health. An investigation by the ministry into possible…
Unlisted Trading (October 28, 1991)
Encouraging results from Fortune Minerals’ 100% owned Robin claims, 100 km northwest of Yellowknife, N.W.T., were released one day too late to affect the market for the week ended Oct. 22. Fortune say…
FREE MARKET (October 28, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 22 Oct 21 Oct 18 Oct 17 Oct 16 Copper 1375-1376 1365-1366 1382-1383 1380-1381 13…
LETTERS TO THE EDITOR (October 28, 1991)
May we suggest the time is ripe, after 76 years, to change the name and focus of your publication. Would not “The North American Miner” be more appropriate? The landslide victories of the New Democrat…
Cheni considers suspending Lawyers
The recent downgrading of reserves at the Lawyers mine in north-central British Columbia, coupled with low gold and silver prices, has prompted Cheni Gold Mines (TSE) to consider suspending mining ope…
Gold price hits US$360 on new estimates from Soviets
For the first time since mid-August, evidence that the Soviet Union is harboring much less gold than western analysts had been estimating has pushed the precious metal above US$360 per oz. Analysts ag…
Great Lakes intends to make rights offering
Great Lakes Minerals (TSE) said it intends to make a rights offering for its Ontario shareholders, who would receive one right for each common share owned. Five rights plus a subscription price (yet t…
EDITORIAL PAGE (October 28, 1991)
The recent U.S. court of appeals’ decision to throw out an Environmental Protection Agency (EPA) ban on asbestos is good news for the asbestos mining industry in Quebec and British Columbia, but it’s …
GOLD FUNDS (October 28, 1991)
BGR Central Net Value $8.56 $5.01 Price $7.63 $4.450 Discount 10.97% 11.2% Value $50,989,185 $74,868,135…