EDITORIAL PAGE (December 30, 1991)
We know we’re going to take a lot of ribbing, but there really was no other choice. Margaret Witte, our Mining Man of the Year for 1991, was the newsmaker who made things happen in 1991 — assembling …
News
INSIDER TRADING (December 30, 1991)
American Barrick Resources (TSE) Vice-President Kenneth Thomas recently earned a substantial profit by exercising options on the Toronto-based gold producer’s stock. According to the Ontario Securitie…
Mining Man of the Year — Witte gathers rag-tag mines, builds
When Margaret (Peggy) Witte launched her initiative to acquire and revitalize the Pamour group companies in late 1990, it was perceived in some circles as being overly ambitious if not foolhardy. Gold…
Gold Funds (December 30, 1991)
BGR Central Net Value $8.13 $5.00 Price $7.50 $4.500 Discount 7.74% 10.0 Value $48,403,000 $75,709,350…
Falconbridge options ground to seek Kidd Creek `satellites’
Toronto-based Falconbridge is gearing up to spend at least $500,000 in 1992 on ground held by White Star Copper Mines (CDN) west of its Kidd Creek copper mine near Timmins, Ont. After years of discuss…
Non-cash offer — Royal Oak bids for Hope Brook
The Hope Brook gold mine in Newfoundland could be re-opened next summer if Royal Oak Mines (TSE) is successful with its plans to acquire the mine and related facilities from Hope Brook Gold, a subsidi…
Battle Mountain ups reserves at Jewel
Stepout drilling over the past year on the Crown Jewel property in northeastern Washington state has boosted preliminary estimates of reserves to 8.7 million tons grading 0.19 oz. gold per ton. The ne…
MVP bondholders approve plan
Holders of MVP Capital’s (TSE) 5.75% convertible Swiss Bonds have approved all matters relating to a proposed reorganization that will enable them to exchange their bonds for cash and preferred shares…
Crown Butte ups gold content at 100% owned New World
An updated preliminary reserve estimate was released by Crown Butte Resources (TSE) for its 100% owned New World gold-silver-copper project in Park Cty., Mont. The advanced project is being explored a…
Royalstar to sell 2.9 million shares
Royalstar Resources (VSE) says it has reached agreement-in-principle with Credit Lyonaisse Lang of the United Kingdom whereby the latter will act as agent in the sale of 2.9 million Royalstar shares a…
Montreal Exchange (December 30, 1991)
The holiday season buoyed investors, who turned out in strong numbers during the period ended Dec. 23. Daily trading volumes ranged between 4.2 million and 10.9 million during the four days, driving t…
Inco takes over Fort Knox play
Big brother Inco (TSE) has taken over the supervision of exploration at Fort Knox Gold Resources’ (TSE) base metal prospect in the Shining Tree area of northeastern Ontario. The decision was announced…