Soviet factor skews forecasts for nickel market
Worldwide nickel consumption in balance with production until the late 1990s and annual growth in consumption at a galloping 3.4% after that (at least until 2005.) These were the projections of nickel…
1991
Gold loan accounting rules aim to end inconsistencies
Canadian gold producers were recently issued a new set of accounting guidelines that requires them to change the way they account for gold loans in their financial statements. Effective, Nov. 20, the …
GOLD FUNDS (November 25, 1991)
BGR Central Net Value $8.22 $4.95 Price $7.50 $4.450 Discount 8.75% 10.1% Value $48,936,000 $74,868,135…
OBITUARY (November 25, 1991)
Noted consulting engineer Arthur Stewart Bayne died earlier this month. He was 81. Born in England, Bayne graduated from Queen’s University in Kingston, Ont., with a degree in mining and metallurgy an…
CIM symposium
The Seventh Mineral Economics Symposium will take place Jan. 16 in Toronto’s Sheraton Centre. Topic is “Back to basics: managing the risks to reap the rewards.” The symposium is held by Toronto’s Mine…
Golden Bear mine interest purchased
A recently completed agreement-in-principle could result in North American Metals (TSE) owning 100% of the Golden Bear mine in northern British Columbia. If a final agreement is completed, North Ameri…
Francoeur mine enters production
The Francoeur gold mine of Richmont Mines (TSE) and LAC Minerals (TSE) near Rouyn-Noranda, Que., entered commercial production recently and is expected to produce 5,200 oz. during the last quarter of …
NEWS ROUNDUP (November 18, 1991)
An agreement has been entered into by Globex Mining Enterprises (ME) and Fairfield Explorations (ME) whereby Noranda Exploration, a unit of Noranda (TSE), may earn a 60% interest in their claim blocks…
Jonpol obtains Garrison funding
Toronto-based junior Jonpol Explorations (TSE) recently raised $150,000 for exploration on its Garrison Twp. joint venture with T&H Resources (TSE) by way of a private placement of 375,000 treasury sh…
TORONTO STOCK EXCHANGE INDICES (November 18, 1991)
Nov 12 Nov 11 Nov 8 Nov 7 Nov 6 High Low Composite “300” 3604.09 3579.30 3561.56 3546.70 3531.08 4009.47 3009.91 Metals & Minerals 3119.54 3077.99 3060.64 3036.52 3033.96 3453.06 2502.63 Intergrated M…
Rights offering for Great Lakes
In order to raise money for its copper project in Michigan, Great Lakes Minerals (TSE) is offering shareholders one right for every share held as of Nov. 19. With five rights and 50 cents, shareholder…
Bridger seeks damages from Teck
An action for damages was recently filed by Bridger Resources (VSE) against Teck (TSE) in the Supreme Court of British Columbia relating to the La Pepa gold mine project in Chile. Bridger held a 68% i…