Geologists meeting at Wolfville ’92
Billed as the largest meeting of geologists in Canada, the joint Geological Association of Canada and Mineralogical Association of Canada annual meeting will take place May 25-27 at Acadia University,…
1992
Canmine explores Fer property
Drilling is under way on Canmine Resources’ (CDN) FER copper-zinc property in the Sherridon camp of northern Manitoba. Canmine says 12 drill targets have been sited over the FER zone’s 300-metre strik…
Metal Prices (February 17, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 11 Feb 10 Feb 7 Feb 6 Feb 5 Copper 1206-1207 1189-1191 1189-1191 1198-1199 1201-…
U.S. REPORT (February 17, 1992)
As a result of a planned restructuring, Galactic Resources (TSE) announced it will not meet the Jan. 31 interest payment on its outstanding 7% exchangeable debentures. Peter Guest, president, said the…
TSE Short Positions (February 17, 1992)
Semi-monthly reports as of January 31, showed 22,728,756 shares of 591 issues compared with 20,679,088 shares of 600 issues on January 15. Larger individual positions included: Amer. Barrick 147,500, …
Montreal Exchange (February 17, 1992)
Drilling activity at the Douay gold property of Societe d’Exploration Miniere Vior helped to propel the stock upwards during the week ended Feb. 11. The junior, which gained 15 cents to 70 cents on al…
PROFILE (February 17, 1992)
Late last year, Fort Knox Gold Resources emerged from a dormant penny stock to become one of the most active issues in The Toronto Stock Exchange. Much of the credit goes to Exploration Vice-President…
Toronto Stock Exchange (February 17, 1992)
Shares of Joutel Resources made the active list during the week ended Feb. 11, as Aur Resources prepared to start drilling on the company’s copper-zinc property in northwestern Quebec. Joutel moved up…
Alberta Stock Exchange (February 17, 1992)
News of a gold discovery on the Devon property near Matheson, Ont., added a nickel to Kingswood Explorations, which closed at 29 cents on strong volume for the week ended Feb. 11. Hole 92-16 returned …
Vancouver Stock Exchange (February 17, 1992)
The VSE indices posted strong gains during the week ended Feb. 11, with the composite index adding 21.43 points to finish at 653.8 and the resource index bouncing off the 500 level to close up by more…
Fort Rupert shareholders approve Kingswood takeover
Shareholders of Fort Rupert Resources have cleared the way for a takeover by Kingswood Explorations (ASE). Under the deal, which is subject to regulatory approval, Kingswood will issue one of its shar…
Low prices, high dollar hurt Cominco
A net loss of $41.3 million was reported by Cominco (TSE) for 1991, compared to a profit of $54.8 million in 1990. The company attributed its drop in earnings primarily to the worldwide decline in met…