1991


Cominco cuts zinc production

Cominco (TSE) announced it will be operating its zinc refinery at Trail, B.C., at 90% of its 300,000-ton-per-year capacity. The company also announced that further cutbacks would be considered, “if wo…


Toronto Stock Exchange (November 11, 1991)

Happy shareholders of Fort Knox Gold (TSE) were reminded during the week ended Nov. 5 of some of the more spectacular stock price rallies of recent mining history. While intersections from Fort Knox’s…


Vancouver Stock Exchange (November 11, 1991)

The month of October returned the best trading performance of the Vancouver Stock Exchange in more than a year, with volume up 5% from September and 23% from the same period last year. The value of sh…


FINANCING (November 11, 1991)

North Slope Minerals Inc – 1,250,000 shs offered @ 25 per sh. Founder Resources Inc – 910,000 units consisting of 1 sh and 1/2 wt offered @ 45 cents per unit. Toltec Resources Ltd – 1,000,000 units co…


Loki ups reserves estimate at Brewery Creek project

The Brewery Creek gold project near Dawson, Yukon, is now reported to contain preliminary reserves in nine shallow deposits totalling about 16.5 million tons (diluted) at an average grade of 0.054 oz….


Lassonde to depict Soviet sojourn

Pierre Lassonde will be the speaker at a luncheon hosted by the Canadian Institute of Mining, Metallurgy and Petroleum, Nov. 21, at Toronto’s Royal York Hotel. With the aid of slides, he will talk abo…



Metal prices pull price index down

Falling metal and mineral prices contributed to a decline in the commodity price index of Scotiabank in September of 0.7% from August. The all-items index is at its lowest level since May, 1987. Both …


Montreal Exchange (November 11, 1991)

Maintaining its trading momentum during the week ended Nov. 5 was Societe d’Exploration Miniere Vior, which announced plans to raise up to $500,000 through a private placement. The proceeds will be us…


Claude’s Seabee mine enters tune-up phase

Having brought its high-grade Seabee gold mine in Saskatchewan to the threshold of production, Claude Resources (TSE) expects to announce the first gold pour within the next couple of weeks. Only the …


Noront to drill promising projects

Although finding it difficult to raise money these days, “one way or another” Noront Resources (VSE) is determined to proceed with drilling on three of its better-looking projects, President Richard N…


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