Osborne receives buy-back approval
Osborne and Chapel Goldfields (TSE) has received final approval to purchase Odin Mining and Investment’s 48.6% interest in the company for US$1.65 million. Under the transaction, Osborne will retain a…
News
Eskay players study options in light of Placer’s decision
The share prices of all public companies involved in the Eskay Creek project weakened slightly on news that Placer Dome (TSE) had elected not to increase its interest in the project to 50% under the t…
PEOPLE (December 23, 1991)
Bevan Anderson appointed vice-president, corporate affairs; Raymond Mongeau and A. Reid appointed directors.
New lens found at Myra Falls
Although 1991 was not a particularly good year on the financial front, Westmin Resources (TSE) enjoyed an extraordinarily successful year exploring its Myra Falls mine property near Campbell River, B….
Drilling results from Courville
Extensions of zone A at the Courville gold property northeast of Val d’Or, Que., may have a lower grade than that found in the centre of the zone, Cache Explorations (ME) says. A summer drilling progr…
Teck drops Flat property
No significant gold intersections were returned from a recent drill program carried out by Teck (TSE) on the Flat property in Pershing Cty., Nev. After assays were returned from the initial 5-hole pro…
Montreal Exchange (December 23, 1991)
Strong investor interest was evident during the week ended Dec. 17, with daily trading volumes ranging between 5.3 million and 11.8 million shares. Both the market portfolio and mining and minerals in…
Richmont shares (December 23, 1991)
Golden North Resource (TSE) of Vancouver said it recently acquired 1.36 million shares (11.5% interest) of Richmont Mines (TSE). Richmont is the operator, and 50% owner along with LAC Minerals (TSE), …
McFinley and contractor in co-operative spirit
McFinley Red Lake Gold Mines (TSE) and contractor Dominion Bridge have agreed to shelve litigation over a Red Lake, Ont., gold project while they look for a joint venture partner willing to develop th…
Cathedral reports quarterly loss (December 23, 1991)
A loss of $114,000 on revenues of $423,000 was reported by Cathedral Gold (TSE) for its 1991 third quarter ended Sept. 30, compared with a loss of $202,000 on revenues of $581,000 for the comparable p…
Miller’s Musings; The Porter prescription: strong medicine
In last month’s column, I pointed out a few shortcomings with the major study on competitiveness done by Professor Michael Porter of Harvard University for Ottawa. In spite of certain weaknesses in th…
Toronto Stock Exchange (December 23, 1991)
Placer Dome stunned investors and angered executives at International Corona during the week ended Dec. 17 by pulling out of a $240-million proposal to develop the Eskay Creek gold deposit in British …