PRODUCER PRICES (October 07, 1991)
ALUMINUM: MW U.S. market US55.25-56.25 cents per lb. (Sep. 19, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.15-3.25 per lb. (Jul. 18, 1991). CAD…
News
Montreal Exchange (October 07, 1991)
While most senior gold miners lost ground during the week ended Oct. 1, Cambior (TSE) picked up 38 cents to close at $9.38 on moderate volume. Two major banks have agreed to underwrite a 330,000-oz. g…
Madeleine Mines plans to raise $5 million for treatment centre
Trading in Madeleine Mines (TSE) was halted recently after the company said it is planning to raise $5 million for the development of a treatment facility designed to produce copper and nickel by elec…
Vancouver Stock Exchange (October 07, 1991)
Mark Twain’s satirical observation that October is not a good month for stock markets held a grain of truth in Vancouver this week as a number of stocks took a dramatic tumble after drill results from…
KWG optioning Ghana properties
KWG Resources (ME), formerly Kewagama Gold Mines, has entered into an agreement with Canadian Overseas Development allowing KWG the option to earn an interest in two mineral properties in Ghana, West …
Falling prices can’t stop Sa Dena Hes opening
Despite continued losses from low base metal prices, Curragh Resources (TSE) and Hillsborough Resources (TSE) officially opened the Sa Dena Hes open pit and underground lead-zinc mine southeast of her…
Inco seeks pgm in Sept-Iles, Que.
Toronto-based Inco (TSE) has taken the town of Sept-Iles, Que., by surprise after con-firming reports that it is looking for platinum group metals in the area. Contractors acting on behalf of the big …
MSV completes private placement
MSV Resources (ME) has raised $300,000 through a private placement with SOQUEM, a provincial Crown corporation. MSV has issued to SOQUEM a total of 937,500 class A shares at 32 cents per share.
Cal Graphite units
Cal Graphite (VSE) plans to sell, subject to regulatory approval, a private placement of up to 330,000 units, each unit priced at $4 and consisting of one share and one warrant to purchase one-quarter…
TAP launches own lawsuit
Legal action has been commenced against Richard Homburg, The Halifax Herald Ltd. and others claiming general damages for libel and slander, and special and punitive damages, TAP Capital (TSE) said. TA…
EDITORIAL PAGE (October 07, 1991)
“It is very fashionable today for investment people to call themselves contrarian. . . . It is our opinion that the term `contrarian’ is presently overused and misunderstood. While we might fancy ours…
Golden Ring looks to Jamaica
A recent property deal with Trev (ASE) gives Golden Ring Resources (VSE), a junior in the Prime Equities group, a new focus in central Jamaica. Golden Ring can acquire a 100% interest in the 43-sq.-mi…