Montreal Exchange (September 30, 1991)
Daily trading volumes ranged between 3.8 million and 5.4 million shares and both the market portfolio and mining and minerals index took losses during the week ended Sept. 24. The market portfolio was…
News
NEWS IN BRIEF (September 30, 1991)
Marshall Minerals (ASE) announced a normal course issuer bid to acquire about 1.4 million of its outstanding shares through the open market to Sept. 15, 1992. The company has almost 27 million shares …
FINANCING (September 30, 1991)
Toscana Resources LtdCastlewood Metals and Explorations Ltd – 850,000 units consisting of 1 sh and 1 wt offered @ 50 cents per unit. Dasserat Developments Corp – 600,000 shs offered @ 50 cents per sh.
Canamin to drill Poplar property
A drilling program is expected to begin shortly on the Poplar property which was recently acquired by New Canamin Resources (VSE). The company can acquire a 100% interest in the property, about 45 mil…
Sa Dena Hes mine officially opened
The new Sa Dena Hes lead-zinc mine at Watson Lake, Yukon, was officially opened Sept. 24 by joint venture partners Curragh Resources (TSE) and Hillsborough Resources (TSE). The new mine, known formerl…
St Andrew bonds
A renewal of an offer to exchange 5.75% convertible bonds into convertible preferred shares at a ratio of 2,940 preferred shares for each CHF (Swiss franc) 5000 bond, until Sept. 27, has been announce…
Keno mine adits under observation
The president of United Keno Hill Mines (TSE) says the company is addressing Environment Canada concerns about pollution from two adits at the Elsa silver mine. “We believe we’ve got a solution that w…
Denison workers ready to strike
Unionized employees at Denison Mines’ (TSE) Elliot Lake, Ont., uranium operations say they are prepared to strike in support of contract demands. Denison’s 400 uranium miners, who are represented by t…
Ontex options Brookbank to Placer Dome
Exploration could resume as early as November on a group of Beardmore, Ont., gold claims awarded to Ontex Resources (ASE) following its recent court battle with Metalore Resources (TSE). Ontex has sig…
Industry concerns presented at conference
Industry representatives took advantage of the unusually open format at this year’s Mines Ministers’ conference to express their concerns about the continuing demise of mining and particularly explora…
Taxation talk in Montreal
Mining taxation is the subject of an international conference this week in Montreal. The conference, to run from Sept. 30 to Oct. 4 at the headquarters of the International Civil Aviation Organization…
Unlisted Trading (September 30, 1991)
The possibility that Black Gregor Explorations may succeed in enlisting major companies as joint venture partners for its two gold properties has excited investors. In a low-high range of 10-28 cents,…