McFinley and contractor in co-operative spirit
McFinley Red Lake Gold Mines (TSE) and contractor Dominion Bridge have agreed to shelve litigation over a Red Lake, Ont., gold project while they look for a joint venture partner willing to develop th…
1991
PEOPLE (December 23, 1991)
Bevan Anderson appointed vice-president, corporate affairs; Raymond Mongeau and A. Reid appointed directors.
Montanore suspension continues
Development work at the Montanore copper-silver project near Libby, Mont., remains suspended because of environmental problems. Noranda (TSE), 55% owner of the project, was forced to shut down operati…
Cathedral reports quarterly loss (December 23, 1991)
A loss of $114,000 on revenues of $423,000 was reported by Cathedral Gold (TSE) for its 1991 third quarter ended Sept. 30, compared with a loss of $202,000 on revenues of $581,000 for the comparable p…
Miller’s Musings; The Porter prescription: strong medicine
In last month’s column, I pointed out a few shortcomings with the major study on competitiveness done by Professor Michael Porter of Harvard University for Ottawa. In spite of certain weaknesses in th…
Toronto Stock Exchange (December 23, 1991)
Placer Dome stunned investors and angered executives at International Corona during the week ended Dec. 17 by pulling out of a $240-million proposal to develop the Eskay Creek gold deposit in British …
Vancouver Stock Exchange (December 23, 1991)
The outlook for resource issues on the VSE shifted from bad to worse during the week ended Dec. 17, with the resource index dropping by more than 40 points to 444.4. The composite index fared better, …
Dessir faces uphill battle at Gibbs project in California
The land package controlled by A.T.& E. Enterprises measures over 10,000 acres, or roughly five square miles of heavily forested mountain ridges and valleys near this small town located about 100 road…
Montreal Exchange (December 23, 1991)
Strong investor interest was evident during the week ended Dec. 17, with daily trading volumes ranging between 5.3 million and 11.8 million shares. Both the market portfolio and mining and minerals in…
Alberta Stock Exchange (December 23, 1991)
It has been a busy month for Kingswood Explorations (ASE), which optioned one of its properties, tendered most of the shares of a private exploration concern and is planning a drill program near Mathe…
Golden Tag takes 50% interest in claims near Grevet
Subject to regulatory approval, Golden Tag Resources (VSE) has acquired a 50% interest in 41 claims in Verneuil Twp., Que., adjacent to Grevet Twp. and eight miles east of Quevillon. No serious explor…
Eskay players study options in light of Placer’s decision
The share prices of all public companies involved in the Eskay Creek project weakened slightly on news that Placer Dome (TSE) had elected not to increase its interest in the project to 50% under the t…