Pioneer approves debt settlement
Shareholders of Pioneer Metals (TSE) recently approved a proposed restructuring and debt settlement agreement with Chase Manhattan Bank. Chase held Pioneer secured debt totalling about $21 million whi…
News
Unlisted Trading (January 06, 1992)
Property neighbors White Star Copper Mines and Chance Mining and Exploration emerged as the most active traders during an otherwise quiet Christmas week as Falconbridge Ltd. announced plans to explore…
Champion Bear raises drilling fund
Champion Bear Resources (ASE) has raised $605,000 for ongoing drilling at its One Man Lake gold-base metal prospect near Kenora, Ont. The company raised the funds by selling flow-through common shares…
Alberta Stock Exchange (January 06, 1992)
A quiet holiday week followed a difficult year for mining stocks on the exchange. None of the issues saw more than 100,000 shares change hands for the week ended Dec. 30., while most traded less than …
Sikaman gold to buy placer mine
In keeping with plans to shift its focus toward North America, Sikaman Gold Resources (TSE) is set to purchase and develop the Sol Wood placer gold mine in California as soon as financing is available…
FUTURES PRICES (January 06, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 98.30 97.40 97.70 0.00 Feb 98.20 98.20 98.05 + 0.25 Mar 99.10 98.10 …. SILVER (in US cents per oz.) Jan 385…
Metal Prices (January 06, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 31 Dec 30 Dec 27 Dec 26 Dec 25 Copper NA 1165-1166 NA NA NA Lead NA 295-296 NA N…
Producer Prices (January 06, 1992)
ALUMINUM: MW U.S. market US50.75-51.25 cents per lb. (Dec. 19, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CAD…
INSIDER TRADING (January 06, 1992)
A number of Sherritt Gordon (TSE) insiders including Curragh Resources (TSE) were actively buying and selling shares of the Toronto-based nickel refiner and fertilizer producer. According to the Ontar…
MINERAL EXPLORATION: TRENDS AND DEVELOPMENTS IN INSTRUMENTATION (January 01, 1992)
Because of generally low exploration activity, the past year appears to have been an even poorer one than 1990 for the geophysical industry in Canada. A number of Canadian companies have noted that mo…
PDAC TURNS 60 (January 01, 1992)
In the midst of the Great Depression, 60 years ago, a group of prospectors passed round a hat at the inaugural meeting of what is today the Prospectors and Developers Association of Canada. They colle…
THE 60TH PDAC CONVENTION: FLOOR PLAN & EXHIBITOR LIST (January 01, 1992)
Dates: March 29 – April 1 Place: Royal York Hotel, Toronto Acme Analytical Labs Ltd. 225 Activation Laboratories Ltd. 58 Aerodat Limited 31 Aerodat Limited 32 Alberta Geological Survey 266 Barringer L…