U.S.REPORT (December 02, 1991)
Aside from Noranda’s (TSE) recent decision to option ground held by Great Lakes Minerals (TSE) on the Keweenaw Peninsula, the early 1990s can hardly be described as vintage years for mining in the sta…
News
INSIDER TRADING (December 02, 1991)
Robert Hallbauer, president of Vancouver-based resource giant Cominco (TSE), recently earned a paper profit of about $215,000 by exercising stock options. In October, according to the Ontario Securiti…
Ottawa must hone mining’s competitive edge: Hendrick
How to gain a competitive edge in a climate of continuing globalization was the theme of the ninth annual Mineral Outlook Conference staged here recently. Five hundred delegates heard Mining Associati…
Applegath firms plan merger
A trio of companies in the Albert Applegath fold, Tundra Gold Mines (VSE), Oneida Resources (VSE) and Golden Pond Resources (VSE) plan to amalgamate into a new company called TGO Resources. The group’…
Lassonde tells of Soviet trip
Definitely not bullish on the economic fortunes of the Soviet Union, Franco-Nevada Mining (TSE) President Pierre Lassonde provided an entertaining look at mining in that nation at a recent luncheon of…
OBITUARY (December 02, 1991)
Renowned geologist William Fleming James died on Nov. 25 in Toronto. He was 96. Best remembered as a pioneer in resource development, James was inducted in-to the Canadian Mining Hall of Fame in 1990….
Northfield pours Cheminis mine’s first gold output
The Cheminis mine of Northfield Minerals (ASE) near Virginiatown, Ont., yielded its first two gold bars recently, after stockpiled material from above the 695-ft. level was processed through the nearb…
Goldcliff active in Olalla camp
The addition of four Crown-granted mineral claims recently boosted the ground position of Goldcliff Resource (VSE) to 108 claim units totalling 5,680 acres in the historic Olalla gold camp near Kereme…
Fort Knox puts two drills to work at Shining Tree
Fort Knox Gold Resources (TSE) has moved two larger rigs on to its base metal play in the Shining Tree area of northeastern Ontario after the first rig, testing the company’s nickel-copper discovery, …
Montreal Exchange (December 02, 1991)
Healthy trading volumes for the week ended Nov. 26 did not translate into an overall market gain. The general market portfolio index dropped a hefty 27.5 points and the mining and minerals index was o…
FINANCING (December 02, 1991)
S.M.A. Resources Ltd – 920,000 shs offered @ 25 cents per sh, also 280,000 flow-through shs offered @ 25 cents per sh. Even Resources Ltd – 675,000 shs offered @ 35 cents per sh. Timmax Resource Corp …
GOLD FUNDS (December 02, 1991)
BGR Central Net Value $8.72 $5.06 Price $8.00 $4.750 Discount 8.20% 6.1% Value $51,889,000 $79,915,425…