INSIDER TRADING (September 02, 1991)
A couple of Timmins Nickel (TSE) executives took the opportunity recently to cash in on the company’s high flying share price. According to the Ontario Securities Commission OSC Bulletin, Chairman Cha…
1991
Toronto Stock Exchange (September 02, 1991)
Turmoil turned to tranquility during the week ended Aug. 27 as investors put the Soviet crises behind them and looked ahead to Labor Day vacations in Canada and the U.S. As the New York Stock Exchange…
Unlisted Trading (September 02, 1991)
Trading moderately during the week ended Aug. 27, Teddy Bear Valley Mines (CDN) picked up 15 cents to close at $1.75 after management announced it had resolved a claim ownership dispute with Card Lake…
Fewer towns spring up around mines in the wilderness
Strung out across Canada are 115 communities dependent on mining for their economic base. Familiar place names spring to mind: Yellowknife, N.W.T.; Faro, Yukon; Kimberley, B.C.; Flin Flon, Man.; Timmi…
Metal Prices (September 02, 1991)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date August 27 August 26 August 23 August 22 August 21 Copper 1343-1344 NA 13…
NEWS IN BRIEF (August 26, 1991)
Rouyn Mining Resources Inc. (ROU:ME) has changed its name to Richmont Mines Inc. (RIC:ME).
EDITORIAL PAGE (August 26, 1991)
The failure of gold to react to the crisis in Moscow is clear evidence that gold is just another commodity on the world’s trading markets. But then the world has become blase about political crises al…
GOLD FUNDS (August 26, 1991)
BGR Central Net Value $8.94 $5.01 Price $8.00 $4.700 Discount 10.51% 6.2% Value $53,249,416 $79,074,210…
Writedown results in red ink for gold producer Corona
A net loss of $13.3 million or 19 cents per share was reported by International Corona (TSE) for the first six months of this year after taking into account a $21.9-million writedown of its investment…
Toronto Stock Exchange (August 26, 1991)
For the second time this year, gold has failed to live up to its reputation as a sure-fire investment during periods of political upheaval. As Soviet troops rolled into Moscow during the week ended Au…
Gold Fields explores Eskay camp
A recent option agreement allows Gold Fields Mining to earn a 50% interest in the Lakewater property near Eskay Creek by spending $4 million over five years. The northwest British Columbia property is…
Giant Pacific plans warrant issue
Toronto-based Giant Pacific Petroleum (VSE) plans to issue 2.8 million special warrants at 18 cents per warrant through a private placement. Proceeds of the fully subscribed placement, in addition to …