Toronto Stock Exchange (November 18, 1991)
A big drop in interest rates brought absentee investors back into the equity markets during the week ended Nov. 12 and sent share prices shooting upward. Although interest-sensitive financial and util…
News
VSM, Serem test structure
A follow-up 500-metre drilling program has been initiated by VSM Exploration (ME) and Serem Quebec to test the lateral and depth extensions of a gold-bearing structure recently uncovered at the Gand D…
Vancouver Stock Exchange (November 18, 1991)
Trading activity on the VSE appeared somewhat volatile during the report period ended at noon today, Nov. 13, with both the composite and resource indices losing ground. A sell-off in some speculative…
METAL PRICES (November 18, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov 12 Nov 11 Nov 8 Nov 7 Nov 6 Copper 1329-1330 1333-1344 1343-1345 1339-1340 1345-…
South American, Denison in deal
An agreement between South American Goldfields (TSE) and Denison Mines (TSE) will see the former boost its interest in the Aurora gold property in Guyana up to 80%. South American, which will also acq…
OBITUARY (November 18, 1991)
Jack Botsford was a mining engineer and mine manager in northern Ontario over a period of fifty years, and served in World War II with the Royal Canadian Engineers. His ashes will be taken to Lake Bea…
Kingswood to buy out private firm
Kingswood Explorations (ASE) has offered to purchase all of the issued and outstanding shares of Fort Rupert Resources (a private company). Under the offer, which is subject to regulatory approval, ea…
Coins reducing silver stockpile
The silver stockpile of the U.S. defence department has been reduced by 41% through U.S. Mint coinage programs since the Mint began drawing from the stockpile in 1986, The Silver Institute of Washingt…
Stratmin plant at full throttle
Full production at the St-Aime-du-Lac-des-Iles graphite concentrator north of Montreal will resume Nov. 25 after having been operated on a part-time basis since April, Stratmin Graphite, a 75% owned s…
Salmo venture land package grows
Proceeds from a recent private placement agreement will be used by the Salmo joint venture to further explore the Katie copper-gold property and newly acquired claim blocks surrounding the Katie prope…
Kowalski launches Founder Resources
Former Metalore Resources (TSE) geologist Barbara Kowalski has successfully launched a new junior exploration company with a mandate to develop three claim groups near Beardmore in northern Ontario. S…
Alberta Stock Exchange (November 18, 1991)
Investors added 50 cents to Biron Bay Resources after the company annouanced results from its Summit project in the Steeple Rock mining district of New Mexico. Closing at $1.10 for the week ended Nov….