News

TORONTO STOCK EXCHANGE INDICES (October 07, 1991)

Oct 1 Sept 30 Sept 27 Sept 26 Sept 25 High Low Composite “300” 3395.26 3387.88 3381.78 3385.14 3390.08 4009.47 3009.91 Metals & Minerals 2856.23 2852.52 2844.16 2867.53 2878.43 3453.06 2502.63 Intergr…


PRODUCER PRICES (October 07, 1991)

ALUMINUM: MW U.S. market US55.25-56.25 cents per lb. (Sep. 19, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.15-3.25 per lb. (Jul. 18, 1991). CAD…


McGill pair wins GAC’s award

Two members of the department of geological sciences at McGill University in Montreal were selected as the 1991 winners of the Julian Boldy award. The paper, by Timothy Barrett and Sergio Cattalani ti…


Oil company shareholders like Sherritt Gordon offer

Toronto-based Sherritt Gordon (TSE) has been given the green light by shareholders of Canada Northwest Energy and the Court of Queen’s Bench of Alberta to acquire all of Canada Northwest’s issued shar…


Engineer lauded by nuclear group

The man who designed and implemented a new technique for uranium tailings disposal has been recognized by the Canadian Nuclear Society. Wing Tao, president of PVS Technologies, was named winner of the…


Funding available for uranium review

Funding will be available to help the public participate in a joint federal-provincial review of uranium mine developments in northern Saskatchewan. The governments will grant a total of $350,000 to a…


EDITORIAL PAGE (October 07, 1991)

“It is very fashionable today for investment people to call themselves contrarian. . . . It is our opinion that the term `contrarian’ is presently overused and misunderstood. While we might fancy ours…


Kaiser poised to control Madeleine

Oaklahoma-based Kaiser-Francis Oil recently boosted its stake in Madeleine Mines (TSE) to 32%, fuelling speculation that Chairman George Kaiser is about to succeed Patrick Sheridan as president of Mad…


Proposed assessment rate alarms Ontario gold mines

Recently the Ontario Gold Mines Compensation Committee met with the Workers’ Compensation Board (WCB) in Toronto to review proposed assessment rate increases for 1992. While WCB is proposing a 2.9% in…


Montreal Exchange (October 07, 1991)

While most senior gold miners lost ground during the week ended Oct. 1, Cambior (TSE) picked up 38 cents to close at $9.38 on moderate volume. Two major banks have agreed to underwrite a 330,000-oz. g…



NEWS IN BRIEF (October 07, 1991)

Millrock Development Corp. (MRK.A:VSE) has changed its name to Delta Gold Mining Corporation (DTG:VSE) with a consolidation of capital on a 1-new-for-3-old share basis.


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