FREE MARKET (December 30, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 24 Dec 23 Dec 20 Dec 19 Dec 18 Copper NA 1149-1151 1168-1169 1185-1186 1183-1184…
News
Unlisted Trading (December 30, 1991)
The board of Teddy Bear Valley Mines is examining ways to reverse a 1984 share reorganization after determining that the restructuring “failed to meet all legal requirements.” If a plan of arrangement…
TSE Short Positions (December 30, 1991)
Semi-monthly reports as of December 15, showed 21,116,306 issues compared with 20,784,137 shares of 596 issues on November 30. Larger individual positions included: Amax Gold 252,800, up 37,100; Amer….
Second man faces insider charges
The son of an employee of Cambior (TSE) has had insider charges filed against him by the Quebec Securities Commission (QSC). The charges against Donald Ouellet relate to alleged use of insider informa…
Camreco merger is complete
The amalgamation of Camreco (TSE) and Environmental Technologies Investments is complete. Consequently, the common shares of Camreco have been delisted from The Toronto Stock Exchange and replaced by …
Cross Lake, KRL form joint venture
KRL Resources (VSE) and Cross Lake Minerals (VSE) have agreed to form a joint venture on the 43-unit Arthur Lake property in Knight and Natal twps., near Shining Tree, Ont. To earn a 51% interest in t…
Toronto Stock Exchange (December 30, 1991)
Shares of Vancouver gold miner Placer Dome hovered close to their annual low during the week ended Dec. 23 as the company delayed a development decision on its Mt. Milligan gold-copper project. The cl…
EDITORIAL PAGE (December 30, 1991)
We know we’re going to take a lot of ribbing, but there really was no other choice. Margaret Witte, our Mining Man of the Year for 1991, was the newsmaker who made things happen in 1991 — assembling …
INSIDER TRADING (December 30, 1991)
American Barrick Resources (TSE) Vice-President Kenneth Thomas recently earned a substantial profit by exercising options on the Toronto-based gold producer’s stock. According to the Ontario Securitie…
Mining Man of the Year — Witte gathers rag-tag mines, builds
When Margaret (Peggy) Witte launched her initiative to acquire and revitalize the Pamour group companies in late 1990, it was perceived in some circles as being overly ambitious if not foolhardy. Gold…
Gold Funds (December 30, 1991)
BGR Central Net Value $8.13 $5.00 Price $7.50 $4.500 Discount 7.74% 10.0 Value $48,403,000 $75,709,350…
Falconbridge options ground to seek Kidd Creek `satellites’
Toronto-based Falconbridge is gearing up to spend at least $500,000 in 1992 on ground held by White Star Copper Mines (CDN) west of its Kidd Creek copper mine near Timmins, Ont. After years of discuss…