Alberta Stock Exchange (August 19, 1991)
Active in the Kirkland Lake, Ont., and Matagami, Que., areas, Kingswood Explorations traded a hefty 814,400 shares for the week ended Aug. 13, slipping a penny to 20 cents. The company’s gold property…
News
Granges drops Cross Lake option
Vancouver-based Granges (TSE) recently dropped its option to earn a 60% interest in Cross Lake Minerals’ (VSE) Currie Bowman base metal property near Timmins, Ont. Cross Lake says one of the four hole…
Corporate split is proposed for Madeleine
In a bid to consolidate some of the holdings within his Toronto mining group, Patrick Sheridan is proposing to split Madeleine Mines’ (TSE) platinum and gold assets into two separate concerns. Pending…
Spot prices at a glance (August 19, 1991)
Week’ Price (US) Change Gold* $356.50 + $ 0.65 Silver* $ 3.95 — $ 0.02 Platinum* $348.25 — $ 6.25 Nickel** $ 3.72 + $ 0.01 Lead** $ 0.25 $ 0.00 Copper{ $ 1.01 + $ 0.01 Zinc{{ $ 0.48 $ 0.00 Courtesy …
CORRECTION (August 19, 1991)
The vice-president of exploration for Radisson Mining Resources (ME) is Guy Parent and not Jacques Noel (who acts as corporate secretary) as reported (T.N.M., Aug. 5, 1991).
Deak International private placement (August 19, 1991)
Deak International Holdings has completed a private placement designed to reduce the amount owed to it by affiliate Deak Resources (TSE). But plans to install a base metal circuit at Deak’s Kerr mill …
University study at A-J mine
A unit of Echo Bay Mines (TSE) recently awarded a research grant of about US$112,000 to the University of Alaska’s mineral industry research laboratory. The grant will support a 1-year study of rocks …
OBITUARY (August 19, 1991)
Passed away, on August 11th, 1991, at the age of 76, at Rouyn-Noranda’s Hospital, Dr. Walter Norman Ingham, from Markham, Ontario. He leaves his 6 children: Mary-Margaret, Jane, Edward, Diane, Norman …
Royal Oak would expand Timmins area land position
Having successfully acquired the Pamour group of companies, Royal Oak Mines (TSE) is expanding its position in the Timmins, Ont., gold camp where it is already an established producer. Royal Oak says …
Brenda’s cash at $100 million
Earnings for former copper producer Brenda Mines (TSE) reached $1.5 million during the second quarter ended June 30. With over $100 million in cash and no significant operations, the company’s revenue…
Loan extension for Galactic, Cornucopia
The lender to the Ivanhoe joint venture has agreed to extend a term loan to joint venture partners Galactic Resources (TSE) and Cornucopia Resources (TSE). The companies owed US$6.86 million at the en…
Record output for Hycroft
Record gold production was reported for the 1991 second quarter and first half at the Crowfoot/ Lewis mine in Nevada owned by Hycroft Resources (TSE). Gold production for the second quarter ended June…