TSE SHORT POSITIONS (April 21, 1997)
Short positions outstanding at March 31, 1997Larger individual positions included: Barrick Gold 11,735,236, up 691,564; AJ Perron Gold 376,400; Antares Mining & Expl 101,000, down 114,000; Anvil Range…
News
Series of rockbursts closes Kinross gold mine in Kirkland Lake
Underground production at the Macassa gold mine in Kirkland Lake, Ont., has been halted following a series of rockbursts.Owner Kinross Gold reports that no employees were injured in the bursts, which …
Long-Term copper consumption to rise
Copper consumption is on the rise worldwide and could top 18 million tonnes by 2010, according to a study released by CRU International, a London-based firm of metals analysts.Use of the metal in cons…
EDITORIAL & OPINION — New task force long overdue — The need for guidelines
The Toronto Stock Exchange and the Ontario Securities Commission are forming a task force to examine the need to set standards for mining and exploration companies. Consideration will be given to how …
Production of most base metals down in January
Canadian production rates of primary nickel, silver, primary zinc, iron ore and salt increased in January 1997 over levels recorded in the same period of the previous year.However, output of gold, cop…
Sonora shifts focus to diamonds
In a name change that reflects the company’s new focus, Sonora Gold is now known as Sonora Diamond (SON-T).Although shareholders approved the new name at Sonora’s annual meeting, about half of them st…
MOST ACTIVE ISSUES, April 9-15
ExchgVol(000s)CloseBre-X MnrlsT486052.25Bresea ResM…
Drilling starts at Annic property
Toronto-based Tiomin Resources (TIO-T) and Quebec government-owned Soquem have begun drilling on their jointly held Annic nickel-copper-cobalt project near Manicouagan, 110 km northwest of Sept-Iles, …
Spot Prices (April 21, 1997)
Wednesday, April 16, 1997Price (US)Week’s ChangeGold*$341.45- $6.55Silver*$ 4.73…
JM Asbestos heads underground — Noranda’s Magnola to produce magnesium from tailings
JM Asbestos, owner and operator of the Jeffrey asbestos mine in Quebec’s Eastern Townships, is winding down its open-pit operations and gearing up for underground production, to begin in the year 2000…
ODDS `N’ SODS — The hour of the wolf
Many of us have recurring dreams, but some are such that they will stay with us forever. Such is my dream of the wolf.In 1964, a partner and I spent most of the summer conducting reconnaissance geolog…
Winspear and Aber hit kimberlite at Snap
Partners Winspear Resources (WSP-V) and Aber Resources (ABZ-T) have intersected 107 metres of a complex kimberlite breccia in the Snap Lake area of the Camsell Lake diamond project in the Northwest Te…