PEOPLE — LONGOLD RESOURCES (December 28, 1992)
Anthony Cohen appointed president and director; Diane Travnik appointed director.
News
Starmin financing
Starmin Mining (TSE) announced completion of a private placement, subject to regulatory and other approval, to an Alberta subscriber consisting of a minimum of 326,078 units and a maximum of 652,174 u…
PEOPLE — SWAY RESOURCES
John Carson appointed president and director; William Yahnke and Edward Carson appointed directors.
PEOPLE — IMCO RESOURCES
J. Simpson appointed director.
VSM takeover successful: Cambior
A takeover bid by Cambior (TSE) of VSM Exploration (ME) was successful. Cambior said almost 94% of the shares of VSM outstanding and not already owned by Cambior were tendered under the offer. VSM sha…
More about diamonds (December 28, 1992)
Canadian mining companies are involved in the search for diamonds both at home and abroad: N.W.T. and Alberta After five months of negotiations, DHK Resources — owned equally by Dentonia Resources (V…
STOCK MARKETS — South American gold projects spark
Bullish reports emerging from Canadian projects in South America, specifically from Venezuela and its neighbor Guyana, sparked investor interest on The Toronto Stock Exchange during the week ended Dec…
Dundee offer (December 28, 1992)
An offer for each of the outstanding common shares of Dundee Capital it does not already own will be made by Dundee Bancorp (TSE). Dundee Bancorp, which will offer $7.45 per share, currently has an ap…
Spot prices at a glance (December 28, 1992)
Week’s Price (US) Change Gold* $332.50 – $2.40 Silver* $ 3.70 – $0.01 Platinum* $359.50 – $3.25 Nickel** $ 2.64 + $0.04 Lead** $ 0.21 $0.00 Copper $ 1.02 + $0.02 Zinc $ 0.48 $0.00 Courtesy of Scotiaba…
Metal prices in sharp decline
The metal and mineral sub-index of Scotiabank’s commodity price index suffered another sharp decline in November. After improving earlier in the year, the sub-index has fallen below the previous low i…
METALS MARKETS — Metals markets in unsettled state
World trade in metals continues to be disorderly. Potential mining properties are being placed on hold because of declining markets and onerous government approval regulations. Returns on existing pro…
PRODUCER PRICES (December 28, 1992)
ALUMINUM: MW U.S. market US54-55 cents per lb. (Dec. 11, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CA…