Asbestos miner Cassiar bankrupt
Operating problems coupled with cost overruns have forced Princeton Mining (TSE) to seek court protection under the Companies’ Creditors Arrangement Act for its wholly owned subsidiary, Cassiar Mining…
News
No more work planned for Iskut area’s Rock & Roll project
No further work is being planned by Eurus Resource (VSE) and Thios Resources (VSE) for their joint venture Rock & Roll property in the Iskut River area of northwestern British Columbia. This year’s wo…
TSE Short Positions (October 28, 1991)
Semi-monthly reports as of October 15, showed 21,518,619 shares of 580 issues compared with 21,525,116 shares of 590 issues on September 30 Larger individual positions included: Alliance Res. 0, down …
Vancouver Stock Exchange (October 28, 1991)
The market managed to reverse its downtrend during the week ended Oct. 22, with the resource index gaining 13.49 points to finish at 510.81 and the composite index closing up 3.54 points at 556.96. Sp…
PROFILE (October 28, 1991)
Although the New Democratic Party scored a majority victory in British Columbia’s provincial election last week, Curragh Resources will continue with its plan to develop 70% owned Stronsay, a zinc-lea…
Echo Bay makes oddlot’ offer
Gold producer Echo Bay Mines (TSE) announced a program under which shareholders owning “oddlots” of the company’s stock (fewer shares than a board lot of 100 shares) may either sell their shares or pu…
INSIDER TRADING (October 28, 1991)
Warren Armstrong, president of Quebec Sturgeon River Mines (TSE), recently reduced his holding in the 21.6% owned affiliate of Toronto-based Coniagas Mines (TSE). According to the Ontario Securities C…
Study dismisses link between uranium tailings and cancer
Residents of this small community in the heart of the Kawartha Lakes tourist region received some good news recently from the Ontario Ministry of Health. An investigation by the ministry into possible…
Unlisted Trading (October 28, 1991)
Encouraging results from Fortune Minerals’ 100% owned Robin claims, 100 km northwest of Yellowknife, N.W.T., were released one day too late to affect the market for the week ended Oct. 22. Fortune say…
FREE MARKET (October 28, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 22 Oct 21 Oct 18 Oct 17 Oct 16 Copper 1375-1376 1365-1366 1382-1383 1380-1381 13…
LETTERS TO THE EDITOR (October 28, 1991)
May we suggest the time is ripe, after 76 years, to change the name and focus of your publication. Would not “The North American Miner” be more appropriate? The landslide victories of the New Democrat…
Cheni considers suspending Lawyers
The recent downgrading of reserves at the Lawyers mine in north-central British Columbia, coupled with low gold and silver prices, has prompted Cheni Gold Mines (TSE) to consider suspending mining ope…