GOLD FUNDS (November 18, 1991)
BGR Central Net Value $8.16 $4.90 Price $7.38 $4.400 Discount 9.63% 10.2% Value $48,588,838 $74,026,920…
News
Former LAC officers plan share offering, TSE listing
Toronto-based Tri Origin Exploration, a private company with mineral properties in Ontario and Australia, plans to make a share offering of $1.5-2.25 million in preparation for listing on The Toronto …
INSIDER TRADING (November 18, 1991)
Vancouver resource giant Cominco (TSE) recently upped its stake in the Windy Craggy copper-cobalt deposit in northwestern British Columbia by converting Geddes Resources (TSE) warrants into shares. Ac…
Hemlo, Glimmer resume drilling on Beatty-Hislop
After a 5-month hiatus, Noranda Exploration has resumed drilling on the Beatty-Hislop gold property near Matheson, Ont., a 60-40 joint venture between Hemlo Gold Mines (TSE) and Glimmer Resources (VSE…
Golden Bear mine interest purchased
A recently completed agreement-in-principle could result in North American Metals (TSE) owning 100% of the Golden Bear mine in northern British Columbia. If a final agreement is completed, North Ameri…
Starmin placement (November 18, 1991)
Starmin Mining (TSE) said it has entered into a 2-stage private placement, subject to regulatory approval, with Craig Arnott worth almost $390,000. The first stage, worth an aggregate $156,750, will c…
Toronto Stock Exchange (November 18, 1991)
A big drop in interest rates brought absentee investors back into the equity markets during the week ended Nov. 12 and sent share prices shooting upward. Although interest-sensitive financial and util…
PRODUCER PRICES (November 18, 1991)
ALUMINUM: MW U.S. market US53.25-53.75 per lb. (Oct. 31, 1991). ANTIMONY: New York dealer US82-84 per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADMIUM: New Yo…
FUTURES PRICES (November 18, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 105.25 104.80 105.80 – 1.00 Dec 105.10 103.90 104.60 – 1.95 Jan 103.70 103.50 103.90 …. SILVER (in US cents…
Francoeur mine enters production
The Francoeur gold mine of Richmont Mines (TSE) and LAC Minerals (TSE) near Rouyn-Noranda, Que., entered commercial production recently and is expected to produce 5,200 oz. during the last quarter of …
Princeton losses on the rise
Revenues for the 1991 third quarter ended Sept. 30, were down sharply for Princeton Mining (TSE), falling to $12.5 million from $33.6 million in the third quarter of 1990. The drop is primarily the re…
VSM, Serem test structure
A follow-up 500-metre drilling program has been initiated by VSM Exploration (ME) and Serem Quebec to test the lateral and depth extensions of a gold-bearing structure recently uncovered at the Gand D…