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…
News
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…
Audrey talking with Billiton Metals
Audrey Resources (TSE) of Rouyn-Noranda, Que., has resumed discussions with Royal Dutch/Shell Group subsidiary Billiton Metals Canada regarding the sale of its Mobrun polymetallic mine assets. Audrey,…
Martel rebuts remarks on rehab program
Ontario MPP Frank Miclash recently questioned the provincial government’s commitment to the rehabilitation of abandoned mine sites in Ontario. The Liberal member from Kenora in northwestern Ontario ca…
TSE Short Positions (December 02, 1991)
Semi-monthly reports as of November 15, showed 20,814,254 shares of 604 issues compared with 19,829,016 shares of 582 issues on October 31. Larger individual positions included: Amax Gold 68,300; Amer…
Soviet scientists to visit Sudbury
A symposium featuring earth scientists from the Soviet nickel camp at Norilsk in Siberia and their counterparts at Sudbury, Ont., is being organized for Oct. 2-6, 1992, at the Ontario Geological Surve…