NEWS ROUNDUP (December 09, 1991)
New Legends Metals is commencing exploration on a 295-claim property near Casa Berardi, Que., held by Cross Lake Minerals (VSE) and Glen Auden Resources (TSE). New Legends plans to trace the full exte…
News
GOLD FUNDS (December 09, 1991)
BGR Central Net Value $8.65 $5.08 Price $8.00 $4.550 Discount 7.49% 10.4 Value $51,484,000 $76,550,565…
FINANCING (December 09, 1991)
Lac Minerals Ltd – 11,000,000 shs offered @ $9.625 per sh.
U.S. REPORT (December 09, 1991)
The Securities and Exchange Commission in Washington, D.C., approved proposals this year advanced by the National Association of Securities Dealers (NASD) to raise the basic listing requirements and m…
OBITUARY (December 09, 1991)
Veteran miner Malcolm “Curly” Alexander died recently in Red Lake, Ont. He was 79. Born in Wakaw, Sask., Alexander began his mining career at Placer Dome’s Sigma mine in Val d’Or, Que., before he was …
EARTH magazine focuses on planet
A new magazine aimed at promoting understanding of the Earth was recently launched by Kalmbach Publishing Co. of Wisconsin. Titled EARTH, the magazine focuses on the geology and evolution of the plane…
Victor faces challenge of deep mining
The announcement by Inco (TSE) of a major nickel-copper find at Victor in northern Ontario raises a couple of big questions. At 8,000-8,500 ft. below surface in the highly stressed rocks of the Sudbur…
NovaGold buying Pine Cove option
Halifax company NovaGold Resources (TSE) has agreed to acquire International Corona’s (TSE) right to earn a 70% stake in the 2,850-hectare Pine Cove gold property in Newfoundland. Since signing an opt…
Westmin reports quarterly loss
A $10.7-million loss was reported by Westmin Resources (TSE) for its 1991 third quarter ended Sept. 30, a sizable increase over the $3.2-million loss reported for the comparable period a year earlier….
MacMillan Gallery to open on GSC’s 150th anniversary
The Pinch mineral collection will settle into its permanent home here in the Viola MacMillan Gallery at the Canadian Museum of Nature in March. The opening will be the culmination of eight years’ effo…
Vancouver Stock Exchange (December 09, 1991)
Both the resource and composite indices finished the week ended Dec. 3 higher. The resource index added more than eight points to close at 516.99, while the composite index finished at 566.35 for a ga…
TORONTO STACK EXCHANGE INDICES
Dec 3 Dec 2 Nov 29 Nov 28 Nov 27 High Low Composite “300” 3453.41 3456.38 3448.51 3436.92 3440.12 4009.47 3009.91 Metals & Minerals 2834.08 2851.27 2846.05 2854.58 2850.03 3453.06 2502.63 Intergrated …