Toronto Stock Exchange (December 30, 1991)
Shares of Vancouver gold miner Placer Dome hovered close to their annual low during the week ended Dec. 23 as the company delayed a development decision on its Mt. Milligan gold-copper project. The cl…
News
Montreal Exchange (December 30, 1991)
The holiday season buoyed investors, who turned out in strong numbers during the period ended Dec. 23. Daily trading volumes ranged between 4.2 million and 10.9 million during the four days, driving t…
Spot prices at a glance (December 30, 1991)
Week’s Price (US) Change Gold* $359.40 + $1.90 Silver* $ 3.90 + $0.01 Platinum*$339.85 – $8.90 Nickel** $ 3.25 + $0.01 Lead** $ 0.25 + $0.01 Copper $ 0.98 $0.00 Zinc $ 0.53 + $0.01 Courtesy of Scotiab…
MVP bondholders approve plan
Holders of MVP Capital’s (TSE) 5.75% convertible Swiss Bonds have approved all matters relating to a proposed reorganization that will enable them to exchange their bonds for cash and preferred shares…
Cross Lake, KRL form joint venture
KRL Resources (VSE) and Cross Lake Minerals (VSE) have agreed to form a joint venture on the 43-unit Arthur Lake property in Knight and Natal twps., near Shining Tree, Ont. To earn a 51% interest in t…
Royalstar to sell 2.9 million shares
Royalstar Resources (VSE) says it has reached agreement-in-principle with Credit Lyonaisse Lang of the United Kingdom whereby the latter will act as agent in the sale of 2.9 million Royalstar shares a…
Gold found in Southern England
Southern England, hardly a hotbed of mineral exploration, has recently stirred the interest of the British Geological Survey’s (BGS) minerals group. After students submitted gold-bearing soil samples …
Financing (December 30, 1991)
Canadian Comstock Exploration Ltd – 175,000 flow-through shs offered @ 45 cents, also 325,000 non-flow-through shs offered @ 45 cents per sh.
Gold Funds (December 30, 1991)
BGR Central Net Value $8.13 $5.00 Price $7.50 $4.500 Discount 7.74% 10.0 Value $48,403,000 $75,709,350…
Goldbar adds to strike length at Glover Island gold prospect
The latest results from the Glover Island property in western Newfoundland indicate that the Kettle Pond South gold zone stretches for at least 300 ft. along strike. Stepout holes KPS-3 to KPS-5, desi…
Encouraging values on Goldfield ground
Joint venture partners Sutton Resource (VSE) and Crown Resources (VSE) intersected a number of gold values during a recent drilling program on the Goldfield project in Nevada. The results included a 6…
Mt. Milligan decision delayed
It could be a month or more before Placer Dome (TSE) announces a decision on whether it will proceed with mine development at the Mt. Milligan gold-copper project north of Prince George, B.C. The comp…