Teck finances Western Copper
A private placement of 200,000 flow-through shares of Western Copper Holdings at a price of 75 cents per share will give Teck (TSE) a 42% interest in the junior company. Teck also has a warrant to pur…
News
Toronto Stock Exchange (September 16, 1991)
Precious metal stocks hit as gold price drops A big drop in the price of gold during the week ended September 10 put more pressure on North American precious metal stocks and lowered confidence in an …
GOLD FUNDS (September 16, 1991)
BGR Central Net Value $8.41 $4.85 Price $7.38 $4.350 Discount 12.28% 10.3% Value $50,059,635 $73,185,705…
Potash Corp. warrants sold
The province of Sas-katchewan, through CIC Mining Corp., has sold 7.3 million special warrants of Potash Corp. of Saskatchewan (TSE) for proceeds of close to $137 million. Priced at $18.75 each, the s…
Merger proposed between MinVen and United Coin
Denver-based MinVen Gold (TSE) is set to acquire full ownership of the Golden Reward mine in South Dakota by merging with United Coin Mines (TSE). MinVen holds 33% of the low-grade Black Hills heap le…
LAC expands mill for Bousquet 2 ore
A $15-million expansion program, designed to support an increase in production to 2,000 from 1,500 tons per day, will begin immediately at the East Malartic mill, says owner LAC Minerals (TSE). The ex…
Taywin acquiring Mexican property
In concert with numerous other juniors looking further afield for promising mineral properties, Taywin Resources (VSE) recently announced it is participating in a Mexican exploration program involving…
Curragh uses new coal mine as security for $55 million
The Westray coal mine in New Glasgow, N.S., was officially opened recently by Clifford Frame, chairman of affiliated Curragh Resources (TSE), the lead-zinc producer which also announced a debenture of…
FINANCING (September 16, 1991)
Wiscan Resources Inc – 2,500,000 units consisting of 1 sh and 1 Series C wt offered @ 30 cents per unit.
Canarc in control of Polaris-Taku
The purchase of a controlling interest in Rembrandt Gold Mines (ASE), along with a fully diluted 43.6% controlling interest in Suntac Minerals (VSE), has given Canarc Resources (VSE) and its principal…
Spot prices at a glance (September 16, 1991)
Week’s Price (US) Change Gold* $347.50 – $ 1.10 Silver* $ 3.97 + $ 0.04 Platinum*$346.50 + $ 2.50 Nickel**$ 3.64 + $ 0.12 Lead** $ 0.25 + $ 0.01 Copper $ 1.06 + $ 0.03 Zinc $ 0.47 + $ 0.01 Courtesy of…
Giant Bay active in Malaysia
Bioleaching technology specialist Giant Bay Resources (TSE) is moving to take advantage of opportunities in northeast Malaysia following the decline of the communist party there. The Vancouver-based c…