FINANCING (November 11, 1991)
North Slope Minerals Inc – 1,250,000 shs offered @ 25 per sh. Founder Resources Inc – 910,000 units consisting of 1 sh and 1/2 wt offered @ 45 cents per unit. Toltec Resources Ltd – 1,000,000 units co…
News
METAL PRICES (November 11, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov 5 Nov 4 Nov 1 Oct 31 Oct 30 Copper 1348-1349 1343-1344 1359-1360 1377-1378 1377-…
FUTURES PRICES (November 11, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 107.00 106.80 106.80 – 1.60 Dec 107.20 106.30 106.55 – 1.30 Feb 104.70 104.70 104.70 …. SILVER (in US cents…
Landmark selling 49% of Dominion
Toronto-based Landmark Corp. has been given the green light to sell a 49% stake in Dominion Explorers (TSE) to a privately owned affiliate of Calgary company Aeonian Capital. Subject to regulatory app…
Taseko Mines looking for buyer
With this year’s 9-hole drilling program on the Fish Lake deposit near Williams Lake, B.C., complete, Taseko Mines (VSE) is searching for a buyer. Taseko is the operator of the project under a 3-year …
Wheaton River to sell stake in Yukon project
Wheaton River Minerals (TSE) is negotiating to sell a portion of its wholly owned Mount Skukum gold project as a way of raising the $4.5 million needed to bring the Yukon project into production. As W…
Royal Oak, Falco cut copper, zinc
A $4-million exploration drive by Falconbridge on Royal Oak Mines’ (TSE) base metal property 20 miles west of Sudbury, Ont., has turned up encouraging mineralization almost two miles away from a known…
Dessir slips despite good results — Market snubs high-grade core
Drilling on the Gibbs property in Mariposa Cty., Calif., continues to return spectacular gold values, including a 76-ft. intersection grading 2.01 oz. gold per ton. But the stock price of Dessir Resou…
Loki ups reserves estimate at Brewery Creek project
The Brewery Creek gold project near Dawson, Yukon, is now reported to contain preliminary reserves in nine shallow deposits totalling about 16.5 million tons (diluted) at an average grade of 0.054 oz….
Vior planning private placement
A private placement worth $212,500-500,000 is being planned by Societe d’Exploration Miniere Vior (ME) of Quebec City. Offering to subscribe to a minimum of $100,000 and a maximum of $125,000 is the Q…
Prime land forbidden during talks
Although the Teme-Augama Anishnabai band has relinquished its interest in four townships surrounding Temagami and Elk Lake, Ont., the provincial government has not yet reopened the area to claimstaker…
Highland Valley in strike position
Highland Valley Copper, owned 50% by Cominco (TSE), 33.6% by Rio Algom (TSE), 13.9% by Teck (TSE), and 2.5% by Highmont Mining, has been facing the possibility of a strike since September when the uni…