State support for Exall project
The government of the Mexican state of Sinaloa has agreed to provide the required infrastructure to support the Santo Tomas copper-gold-silver project of Exall Resources (TSE). The company estimates t…
News
TSE SHORT POSITIONS (September 05, 1994)
Semi-monthly reports as of Aug 15, 1994 showed 256,689,980 shares of 902 issues compared with 279,336,594 shares of 859 issues on July 31, 1994. Larger individual positions included: Aber 180,300, up …
Asia Minerals, Royal Oak take on Chinese venture
A gold project in northeastern China is providing a new focus for Asia Minerals (ASE), a junior which has evaluated several projects in that country. The latest is a joint venture that allows the comp…
PRODUCER PRICES (September 05, 1994)
ALUMINUM: MW U.S. market US71.5-72.5 cents per lb. (Aug. 25, 1994). ANTIMONY: MW New York dealer US$2.35-2.50 per lb. (July 21, 1994). BISMUTH: MW New York dealer US$3.75-4.25 per lb. (July 28, 1993)….
INSIDER TRADING — Thunderwood officers buy shares in July
Two senior officers of Thunderwood Resources (TSE) bought shares in July. According to the Ontario Securities Commission’s OSC Bulletin, senior officer and director James Gill bought 285,714 shares at…
Metallgesellschaft sells control block of Metall
The parent of Metall Mining (TSE) has sold its 50.1% interest in Metall. Metallgesellschaft AG of Germany sold its holdings for proceeds of about $458 million (40.7 million shares at $11.25 per share)…
Loubel drilling Burkina Faso find
Junior Loubel Exploration (ME) is exploring two properties in Burkina Faso, West Africa. The company is completing a 10-hole, 10,000-ft. drilling program on the Tiebele gold property. The first five h…
Metall testing Akie massive sulphides
Exploration on the Akie and Pie claims in northeastern British Columbia is returning encouraging results for partners Metall Mining (TSE) and Ecstall Mining (VSE). Metall is earning a 60% interest in …
Steelworkers eye Colomac workers
The United Steelworkers of America have filed an application with the Canada Labour Board to represent 200 workers at the Colomac gold mine of Royal Oak Mines (TSE) in the Northwest Territories. Colom…
Miramar backs Northern Orion
Related companies Miramar Mining (TSE) and Northern Orion Explorations (VSE) plan to reorganize their Argentine holdings. Northern Orion will acquire the issued capital in Grupo Minera Aconcagua S.A. …
EDITORIAL PAGE — The necessity of going global
To remain a force in this business, a gold mining company must face the relentless challenge of replacing the reserves it mines. The task is especially daunting for majors that surpass the production …
COMMENTARY — Managing the uncertainties
The copper industry cannot be called the master of its fate. To a great extent we’re at the mercy of forces over which we have little control, such as the world economy and political situations in ind…