TSE Short Positions (September 16, 1991)
Semi-monthly reports as of August 31, showed 21,859,304 shares of 574 issues compared with 22,502,355 shares of 583 issues on August 15. Larger individual positions included: Amer. Barrick 187,000, do…
News
Noranda pulls good hole at Goz near Eskay Creek
Recent drilling by a unit of Noranda (TSE) on the Goz-RDN property returned a 38.05-ft. intersection grading 0.7 oz. gold per ton from 154.2-192.25 ft., plus minor values in silver, copper, lead and z…
Paymaster drilling sets eastern limit
Partners American Reserve Mining (ME) and Placer Dome (TSE) have defined the eastern limits of gold mineralization at the Paymaster mine project, immediately adjacent to the old Paymaster mine in Timm…
Noranda group buys shares in Yellowjack
Associated companies Hemlo Gold Mines (TSE) and Brenda Mines (TSE) recently agreed to buy 186,567 shares of Yellowjack Resources (VSE) in order to exercise an option to acquire a 51% interest in Yello…
FUTURES PRICES (September 16, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US per lb.) Sep 106.80 105.80 106.65 + 2.20 Oct 105.65 105.10 105.75 + 1.80 Dec 105.10 104.30 104.90 ____ SILVER (in US cents per o…
Gold Funds (September 09, 1991)
BGR Central Net Value $8.46 $4.83 Price $7.38 $4.450 Discount 12.85% 7.9% Value $50,383,921 $74,868,135…
Metla drilling
A recent 10-hole diamond drill program carried out by Galico Resources (VSE) on the Metla property in northwestern British Columbia did not return any significant assay results. The program was design…
Glen Auden makes deal in Quebec
Partners Glen Auden Resources (TSE) and Cross Lake Minerals (VSE) have reached an agreement in principle concerning their land package in the Casa Berardi area of Quebec. New Legend Metals, a private …
Gaspesie signs titanium option
Gaspesie, Societe d’Exploration (ME) says it has signed an option to acquire, within three years, an ilmenite deposit containing a minimum of 10 million tons of ore grading 20% titanium oxide (TiO2). …
Spot prices at a glance (September 09, 1991)
Week’s Price (US) Change Gold* $348.60 – $ 6.70 Silver* $ 3.93 – $ 0.02 Platinum* $344.00 + $ 4.10 Nickel** $ 3.52 – $ 0.04 Lead** $ 0.24 $ 0.00 Copper $ 1.03 + $ 0.00 Zinc $ 0.46 – $ 0.00 Courtesy of…
Alberta Stock Exchange (September 09, 1991)
Trading lightly during the week ended Sept. 3, Rembrandt Gold Mines gained five cents to close at 35 cents as VSE-listed Canarc Resource took control of the junior miner. The share transaction gives C…
PROFILE (September 09, 1991)
By and large 1991 has been a dismal year for the mining industry. Metal prices are low while risk capital is rare. Agnico-Eagle Mines, however, reported a net profit of $846,000 for the second quarter…