LETTERS (August 02, 1991)
A Lamentable Decline First of all, my compliments on the March issue, which was excellent (as are most of the issues). I want to comment on Don Cranstone’s article on exploration expenditures and the …
1991
Deak International private placement (July 29, 1991)
Toronto-based Deak Inter-national Resources Holdings has entered into a private placement agreement to ac-quire 7.6 million shares of af-filiate Deak Resources (TSE) for 25 cents per share. Subject to…
LETTERS TO THE EDITOR (July 29, 1991)
As argued by Mort Brown (T.N.M., July 15/91), democracy certainly needs to be redefined. I think wistfully of the days when politicians were concerned about people and not their own pockets. There hav…
Gold Funds (July 29, 1991)
BGR Central Net Value $9.63 $5.37 Price $8.38 $5.000 Discount 13.02% 6.9% Value $57,329,720 $84,121,500…
U.S. REPORT (July 29, 1991)
Acting upon the advice of its financial advisers, Fairbanks Gold (VSE) has entered exclusive negotiations with an unnamed major mining company for the purchase of all Fairbanks’ issued shares. Fairban…
Montreal Exchange (July 29, 1991)
Investors greeted a recent listing by Pegasus Gold with enthusiasm, trading almost 270,000 shares of the Washington-based gold miner during the week ended July 23. Pegasus, which was one of the first …
Lower grades slow Inco’s earnings
An 85% drop in second-quarter earnings for nickel giant Inco (TSE) reflects predictions the company made at an analysts’ meeting last November. “They warned us,” says Richardson Greenshield’s Ray Gold…
INSIDER TRADING (July 29, 1991)
Nell Dragovan, the woman who helped to secure International Corona’s (TSE) position in the Hemlo, Ont., gold camp, was recently an active seller of Prime Equities (VSE) shares. A director of a number …
Placer Dome relocates offices for exploration
During the next 6-9 months, Placer Dome (TSE) plans to expand its international exploration presence and re-allocate resources in Canada. New exploration offices will be opened at Coral Gables outside…
Alberta Stock Exchange (July 29, 1991)
Despite havoc in the retail markets, the Alberta market kept its head above water during the first half of 1991. While trading activity and dollar value decreased by 7.2% and 25.5% respectively, the n…
Toronto Stock Exchange (July 29, 1991)
After switching into high gear, the summer doldrums were interrupted during the week ended July 23 by the first trickle of second-quarter earnings. Despite earlier warnings by management, the market w…
METAL PRICES (July 29, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 23 July 22 July 19 July 18 July 17 Copper 1316-1318 1321-1323 1315-1317 1329-133…