FUTURES PRICES (February 24, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Feb 102.50 102.00 102.05 + 3.55 Mar 103.00 102.15 102.25 + 3.65 Apr 102.10 101.50 101.60 …. SILVER (in US cents…
News
Ondesa acquires Andaurex shares, cancels placement
Toronto junior Andaurex Resources (VSE) reports Ondesa Holding Ltd. has completed the previously announced acquisition of a 19.9% interest in Andaurex by way of a private placement. Ondesa bought the …
Noranda posts large loss
Excess worldwide production capacity and lower prices for its resource products forced Noranda (TSE) to report a loss of $133 million ($1.04 a share) in 1991, compared with earnings of $120 million in…
Penna fined on trading charge
The chairman and president of Agnico-Eagle Mines (TSE), Paul Penna, was fined $5,000 in Ontario Provincial Court after he pleaded guilty to a charge of trading in securities with knowledge of material…
Inco contributing shares to pensions
Subject to regulatory approval, Inco (TSE) says it will contribute almost 1.5 million newly issued common shares, valued at market, to certain of its North American defined benefit pension plans. The …
Alberta Stock Exchange (February 24, 1992)
Trading 345,000, Trump Reserve Minerals gained 3 cents to 98 cents as Hemlo Gold moved two drills on to the Quill Lake gold property in northwestern Ontario during the week ended Feb. 18. Trump and Go…
Insider Trading (February 24, 1992)
Roy Shipes, chairman of emerging U.S. copper producer Arimetco International (TSE), recently sold a big block of stock at a significant discount to the recent market price. According to the Ontario Se…
NEWS IN BRIEF (February 24, 1992)
Teriton Resources Ltd. (TRN:VSE) has changed its name to Mashiach Capital Inc. (MAS:VSE) with a consolidation of capital on a 1-new-for-4-old-share basis.
LETTERS TO THE EDITOR (February 24, 1992)
Your front-page story (T.N.M., Feb. 10/92), especially the reference to the Prospectors and Developers Association of Canada (PDAC) endorsing the continued role of Shelley Martel as Ontario’s minister…
Dickenson close to decision on using bioleaching
Is Dickenson Mines (TSE) poised to become the operator of the first commercial-size bioleach operation in North America? President Robert McEwen is making no public commitment, but the company did go …
Falco’s Collahuasi rivals Escondida as top copper find
Recent surface and underground exploration on Falconbridge’s Collahuasi project in northern Chile has uncovered a copper reserve that could rival Escondida, one of the largest copper deposits in the w…
NEWS ROUNDUP (February 24, 1992)
The deepest hole yet drilled on Glencairn Explorations’ (ASE) Goodfish property near Kirkland Lake, Ont., has encountered 25 ft. of gold-bearing mineralization. The mineralized zone, which was logged …