Dia Met shares top $20 on new kimberlite finds
Machinations in European currency markets appeared to give gold a bit of a boost during the period ended Sept. 15. Bullion finished the week up US$4 as continued high German interest rates put pressur…
News
METAL MARKETS — High nickel inventories pressure producers
Russian metal exports and western reactions are puzzling. Repeated official Russian government announcements of new regulations and licensing requirements to reduce unauthorized and illegal exports ar…
Dia Met report cools speculation, raises questions
Results from a summer drilling program on the diamond property of BHP Minerals Canada and Dia Met Minerals (VSE) in the Northwest Territories fell short of market expectations when Dia Met issued an u…
Guyana expects Omai mine to stimulate future prospects
A new gold mine is about to enter production in this South American nation which is of major significance not only to the owners, Cambior (TSE) and Golden Star Resources (TSE), but to the country. The…
NEWS ROUNDUP — International Musto announces share offer
International Musto Explorations (VSE) has issued for sale 2,594,111 common shares at a price of $2.25 to raise $5,836,749.75. The net proceeds of the offering will be used to repay bank debt and fund…
Spot prices at a glance (September 21, 1992)
Week’s Price (US) Change Gold* $346.20 + $3.10 Silver* $ 3.84 + $0.09 Platinum* $363.00 + $0.60 Nickel** $ 3.16 + $0.04 Lead** $ 0.28 – $0.01 Copper $ 1.09 – $0.02 Zinc $ 0.62 – $0.01 Courtesy of Scot…
Flag announces share offering
Flag Resources (ASE) is selling 200,000 shares of affiliate Golden Briar Mines (ME) to the public through the Montreal Exchange at a price of 7 cents per share. Proceeds from the offering will be used…
Aurizon adopts `poison pill’ plan
Future producer Aurizon Mines (TSE) has adopted a Shareholder Rights Protection Plan designed to discourage unfair takeover attempts. The plan, similar to other “poison pills” adopted by Canadian publ…
MINER DETAILS — Bank of Canada outsells Barrick
Before the 1987 market crash, predictions that gold would exceed US$1,000 per oz. were thrown about with ease. Remember the Aden sisters, and the lineups to buy gold at US$800? These days, though, it …
RFC issues debenture to Minnova
RFC Resource Finance (TSE) says it plans to issue an unsecured 7% convertible debenture to Minnova (TSE) for $6.6 million, maturing in 10 years. Interest at 7% per annum will accrue for the first thre…
LETTERS TO THE EDITOR — OSC new rules pose dilemma
The Ontario Securities Commission’s proposed new rules for marketing low-cost speculative securities by dealers who are not members of The Toronto Stock Exchange or Investment Dealers Association, I a…
METAL PRTCES — FREE MARKET
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sept. 15 Sept. 14 Sept. 11 Sept. 10 Sept. 9 Copper 1289-1290 1279-1280 1242-1243 121…