Toronto Stock Exchange (March 16, 1992)
Shares of Aber Resources emerged among the volume leaders during the week ended March 10 as the diamond explorer flew an airborne survey over its 420,000-acre property in the Northwest Territories. As…
1992
KWG negotiates private placements
Recent private placements with independent investors raised $500,000 for KWG Resources (ME), the company says. In total, 400,000 treasury shares were issued at $1.25 per share. The company said the fu…
Royal Oak exceeds forecast, 1991 earnings top $8 million
Gold producer Royal Oak Mines (TSE) exceeded its earnings forecast in 1991, even though its revenues were adversely affected by declining gold prices and a strengthening Canadian dollar. Royal Oak Pre…
Cheni works to restructure long-term debt
With economic reserves essentially exhausted and a balance sheet in critical condition, Cheni Gold Mines (TSE) is working to refinance its bank debt as well as restructure the company’s long-term liab…
Vancouver Stock Exchange (March 16, 1992)
A review of trading activity in February for the VSE indicates that the market retained much of its momentum from January, with 381 million shares traded at a value of about $401 million. The trading …
PRODUCER PRICES (March 16, 1992)
ALUMINUM: MW U.S. market US61-62 cents per lb. (Feb. 27, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$2.90-3.10 per lb. (Jan. 23, 1992). CADMIUM: …
Wharf opposes United Coin mine deal
Wharf Resources (TSE), the largest unsecured creditor of United Coin Mines (TSE), says it will fight to have a recent agreement between United Coin and MinVen Gold (TSE) revoked. Under the agreement, …
Montreal Exchange (March 16, 1992)
The market turned down during the week ended March 10. The mining and minerals index slipped by 8.1 points and the market portfolio was off by 33.7 points. Daily trading volumes ranged between 3.9 mil…
Denison ends 35-year run of Elliot Lake uranium mining
A brief ceremony March 11 in Elliot Lake, Ont., marked the end of 35 years of uranium mining by Denison Mines (TSE) in the northern Ontario community. President Bill James presided at the mainly symbo…
Martel testifies before committee
Shelley Martel says she became increasingly upset with a Sudbury doctor in the weeks before she lied about his practice. In her first day of testimony before the committee probing her conduct, Ontario…
U.S. REPORT (March 16, 1992)
Pathfinder Exploration, a wholly owned subsidiary of mining giant Cogema, recently signed an option to earn up to a 65% interest in the Morning Glory/Wallace Creek property owned by Formation Capital …
Royal Oak takes control of Trader
Shareholders of Trader Resource (TSE) unanimously approved an offer to exchange 15 million shares for interests in two Ontario mineral properties held by Royal Oak Mines (TSE). Royal Oak now owns over…