Toronto Stock Exchange (September 09, 1991)
Leading economic indicators released during the week ended Sept. 3 continued to demonstrate that the recession in Canada has ended. But judging by activity before and after the Labour Day weekend, inv…
News
Toronto Stock Exchange Indices (September 09, 1991)
Sept 03 Sept 02 Aug 30 Aug 29 Aug 28 High Low Composite “300” 3504.86 HOLIDAY 3517.89 3514.88 3521.28 4009.47 3009.91 Metals & Minerals 3031.96 HOLIDAY 3081.75 3101.42 3116.42 3453.06 2502.63 Integrat…
PRODUCER PRICES (September 09, 1991)
ALUMINUM: MW U.S. market US57.50-58.25 cents per lb. (Aug. 15, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.15-3.25 per lb. (July 18, 1991). CAD…
Alberta tribe settles land claim
An Indian tribe in Alberta was recently compensated by the federal government in a claim over loss of mineral rights. The Stoney tribe, who lives about 50 km west of Calgary, signed a settlement provi…
Match program unsuccessful
Match Capital Resources (CDN) has called off exploration on its 26-claim property east of Dryden, Ont., after a recent program failed to come up with any significant base or precious metal deposits. T…
Postal strike
Due to a strike by Canada Post employees, delivery of The Northern Miner to some subscribers may be temporarily disrupted. Delivery to the U.S. and other foreign destinations will not be affected. The…
Brinco suffers first-half loss
Consolidated Brinco (TSE) recorded a net loss of $958,000 during the first half of 1991 compared with a loss of $671,000 for the same 6-month period last year. A second-quarter loss of $422,000 was re…
GOLD FUNDS (September 02, 1991)
BGR Central Net Value $8.77 $4.98 Price $7.75 $4.650 Discount 11.63% 6.6% Value $52,198,332 $78,232,995…
Governments, companies opt for commuter mines
Nobody wants wilderness mining towns anymore. Workers prefer flying or driving on weekly or biweekly rotations from southern centres to wilderness mines. Mining companies are glad to be rid of the cos…
Hol-Lac placement
Hol-Lac Gold Mines (CDN) completed a $150,000 private placement involving 750,000 shares at 20 cents per share and a similar number of warrants exercisable at 20 cents per share to Aug. 27, 1994. Subs…
Beaufield, Aur set to drill
Drilling on the Mainstreet project in Louvicourt Twp. in northwestern Quebec will commence Sept. 3, property owner Beaufield Resources (TSE) announced. Project operator is Aur Resources (TSE), which h…
Alberta Stock Exchange (September 02, 1991)
Trading lightly during the week ended Aug. 27, Cochise Resources picked up 20 cents to close at $1. Cochise is currently preparing for a helicopter-supported drill program on a 995-sq.-km copper-molyb…