TSE Short Positions (October 26, 1992)
Semi-monthly reports as of October 15, showed 32,416,745 shares of 572 issues compared with 28,399,927 shares of 560 issues on September 30. Larger individual positions included: Aber Res. 58,600; Ame…
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Spot prices at a glance (October 26, 1992)
Week’s Price (US) Change Gold* $343.50 + $0.20 Silver* $ 3.81 + $0.10 Platinum* $357.25 + $2.25 Nickel** $ 2.75 – $0.09 Lead** $ 0.24 – $0.01 Copper $ 1.03 + $0.01 Zinc $ 0.51 – $0.03 Courtesy of Scot…
LATIN AMERICA ROUNDUP — Drilling planned for Santa Rosa
Based on results from the initial phase of exploration, International Mahogany (TSE) and Mahogany parent North Lily Mining (NASDAQ) plan a follow-up drilling program to further define and expand coppe…
Beaufield consolidates shares
Toronto-based junior Beaufield Resources (TSE) has consolidated its common shares on a 10-for-1 basis and changed its name to Beaufield Consolidated Resources. The new company has been granted a listi…
LATIN AMERICA ROUNDUP — Cambior takes on Mexican project
A recently signed definitive agreement gives Cambior (TSE) the right to earn a 50% interest in the Suaqui Verde copper project in northern Mexico owned by Azco Mining (TSE). The property hosts a large…
Dundee subsidiary proposes merger
Dundee Bancorp (TSE) says its wholly owned U.S. subsidiary Dundee Bancorp International has proposed a merger with Avalon Corp. and Zemex Corp. whereby Avalon and Zemex would become subsidiaries of Du…
Proposals sought for graphite play
A Bermudian mining finance and investment company listed in Luxembourg, European Mining Finance (EMF), says it is trying to find a buyer or partner for a graphite property north of Kingston, Ont. EMF …
STOCK MARKETS — Granges climbs to new high on news from
Shares of Granges Exploration got a jump start during the week ended Oct. 20 after its subsidiary, VSE-listed Hycroft Resources and Development, announced new reserve figures for the Crofoot/Lewis gol…
Golden Giant output to fall in ’93
After being in control for just over a year, Hemlo Gold Mines’ (TSE) new management team appears to be achieving its corporate objectives of making the company a low-cost producer and environmentally …
Homestake restructuring should save $25 million
By year-end, Homestake Mining (NYSE) expects to complete a major corporate restructuring which is expected to reduce its annual administrative and exploration expenses by more than $25 million beginni…
Louvem shareholders OK reorganization
Shareholders of Societe Minere Louvem (TSE) have approved a plan to divide Louvem into two distinct public companies. A new company, Novicourt Inc., will retain Louvem’s 45% interest in the US$326-mil…
Murray Brook drilling cuts good grades NovaGold confirms
Results from 12 inclined holes at the Murray Brook mine in northern New Brunswick confirm that a significant primary copper zone underlies the lower-grade supergene layer now being mined. Testing 350-…