Teddy Bear, Card Lake settle dispute
Teddy Bear Valley Mines (CDN) has reached a settlement with a former director and his company, Card Lake Resources (CDN), over five patented claims in Holloway Twp., Ont. Under the settlement, Teddy B…
News
Brinco suffers first-half loss
Consolidated Brinco (TSE) recorded a net loss of $958,000 during the first half of 1991 compared with a loss of $671,000 for the same 6-month period last year. A second-quarter loss of $422,000 was re…
Madsen Gold plans study of old Red Lake mine
Bringing the former Madsen gold mine near Red Lake, Ont., back into production after a 15-year absence could be a long and costly process, says James Morlock, president of Toronto-based Madsen Gold (T…
Mining companies announce layoffs
Layoffs were announced this summer at several British Columbia mining operations, the most recent affecting 98 employees at the Myra Falls underground copper-zinc mine complex operated by Westmin Reso…
NEWS IN BRIEF; FINANCING
Armenex Resources Canada Ltd – 800 units consisting of 1,750 shs and 1,250 flow through shs offered @ $600,000 per unit. Bradsue Resources Ltd – 600,000 units consisting of 1 sh and 2 wts offered @ 40…
OMIP grants cover more but total budget unchanged
Under recent changes to the Ontario Mineral Incentive Program (OMIP), all qualified exploration programs in Northern Ontario will be eligible for a grant equal to 50% of expenses, to a maximum of $300…
Copper, gold across 2,714 ft. — Deep hole returns values for
The first hole of the 1991 drilling program on the Fish Lake deposit owned by Taseko Mines (VSE) and Cominco (TSE) intersected 2,714 ft. from 32 ft. to 2,746 ft. grading 0.37% copper and 0.022 oz. gol…
NEWS ROUNDUP (September 02, 1991)
Junior Orofino Resources (TSE) recently purchased 886,000 shares (a 19.9% interest) in Andaurex Resources (VSE) in a private transaction. No price was disclosed; Andaurex shares were recently trading …
Montreal Exchange (September 02, 1991)
Precious metal prices remain in a slump, a condition reflected in the mining and minerals index, which closed down by almost 14 points for the week ended Aug. 27. The general market portfolio index ha…
TSE Short Positions (September 02, 1991)
Semi-monthly reports as of August 15, showed 22,502,355 shares of 583 issues compared with 21,418,054 shares of 579 issues on July 31. Larger individual positions included: Amer. Barrick 247,462, down…
GOLD FUNDS (September 02, 1991)
BGR Central Net Value $8.77 $4.98 Price $7.75 $4.650 Discount 11.63% 6.6% Value $52,198,332 $78,232,995…
TORONTO STOCK EXCHANGE INDICES (September 02, 1991)
Aug 27 Aug 26 Aug 23 Aug 22 Aug 21 High Low Composite “300” 3517.74 3532.00 3532.06 3517.15 3512.03 4009.47 3009.91 Metals & Minerals3111.10 3127.48 3121.18 3042.39 3037.50 3453.06 2502.63 Integrated …