News

Toronto Stock Exchange Indices (December 30, 1991)

Dec 23 Dec 20 Dec 19 Dec 18 High Low Composite “300” 3378.15 3340.85 3326.09 3332.62 4009.47 3009.91 Metals & Minerals 2771.19 2750.30 2715.90 2720.06 3453.06 2502.63 Intergrated Mines 2968.03 2942.45…


Recapturing the `lost art’ of narrow vein mining

Narrow vein mining. Something our fathers knew a great deal about but very nearly a lost art today. To help remedy the deficiency, the Quebec Mining Association (QMA) recently sponsored a “narrow vein…


VIEW FROM THE WEST

Recently I read a book entitled Trashing the Planet by Dixy Lee Ray with Lou Guzzo, which gives a common-sense view of contentious environmental issues. Ray notes that Dr. James Hansen, who in 1988 tr…


Ariel mines gold vein in Costa Rica

Without attracting much attention in North America, Vancouver junior Ariel Resources (VSE) has successfully operated Costa Rica’s only “substantial” gold producer for the past four years. Situated on …


Solomon buys Lucky Shot mine

For US$200,000, a unit of Solomon Resources (VSE) recently acquired the Lucky Shot gold mine and related surface facilities which includes a modern 100-ton-per-day mill near Anchorage, Alaska. Solomon…


FREE MARKET (December 30, 1991)

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 24 Dec 23 Dec 20 Dec 19 Dec 18 Copper NA 1149-1151 1168-1169 1185-1186 1183-1184…


Unlisted Trading (December 30, 1991)

The board of Teddy Bear Valley Mines is examining ways to reverse a 1984 share reorganization after determining that the restructuring “failed to meet all legal requirements.” If a plan of arrangement…


TSE Short Positions (December 30, 1991)

Semi-monthly reports as of December 15, showed 21,116,306 issues compared with 20,784,137 shares of 596 issues on November 30. Larger individual positions included: Amax Gold 252,800, up 37,100; Amer….


Second man faces insider charges

The son of an employee of Cambior (TSE) has had insider charges filed against him by the Quebec Securities Commission (QSC). The charges against Donald Ouellet relate to alleged use of insider informa…


Camreco merger is complete

The amalgamation of Camreco (TSE) and Environmental Technologies Investments is complete. Consequently, the common shares of Camreco have been delisted from The Toronto Stock Exchange and replaced by …


Cross Lake, KRL form joint venture

KRL Resources (VSE) and Cross Lake Minerals (VSE) have agreed to form a joint venture on the 43-unit Arthur Lake property in Knight and Natal twps., near Shining Tree, Ont. To earn a 51% interest in t…


Toronto Stock Exchange (December 30, 1991)

Shares of Vancouver gold miner Placer Dome hovered close to their annual low during the week ended Dec. 23 as the company delayed a development decision on its Mt. Milligan gold-copper project. The cl…


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