Drills to turn on Queenston bet
Battle Mountain Canada, a unit of Houston-based Battle Mountain Gold (NYSE), is planning to spend $1 million this year to follow up encouraging results from a group of claims near Kirkland Lake, Ont. …
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LETTERS TO THE EDITOR Culprits of industry’s woes
A recent Editorial Page column (T.N.M., May 20/91) by M.R. Brown correctly identifies problems facing the mining industry, many of which have been initiated by various federal and provincial governmen…
METAL PRICES FUTURES PRICES (June 17, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER(HG) (in US cents per lb.) Jun 101.55 99.70 100.40 + 1.10 Jul 102.10 99.80 100.70 + 1.30 Aug 100….
Horsham adds to quarterly profit
Toronto-based Horsham (TSE), which controls gold producer American Barrick Resources (TSE), recently reported a sharp increase in first- quarter earnings. Horsham said earnings for the first three mo…
Toronto Stock Exchange Gold sustains recent gains in price runup
Some heavy buying from the National Commercial Bank in Jedda helped to drive gold to its highest level since late January, during the week ended June 11. While the inevitable increase in the price of …
INSIDER TRADING Wiscan’s Nemis and wife poised for rally
Wiscan Resources (TSE) President Richard Nemis and his wife Diane are poised to benefit from any share activity that may result from exploration on the Toronto company’s Wisconsin gold properties. Acc…
METAL PRICES FREE MARKET (June 17, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 11 June 10 June 7 June 6 June 5 Copper 1347-1349 1314-1316…
Toronto Stock Exchange Short Positions
Semi-monthly reports as of May 31, showed 22,558,548 shares of 583 issues compared with 25,640,565 shares of 587 issues on May 15. Larger individual positions included: Amer. Barrick 423,542, up 290,8…
TORONTO STOCK EXCHANGE INDICES (June 17, 1991)
June 11 June 10 June 7 June 6 June 5 HIGH LOW Com.”300″ 3572.25 3569.28 3582.07 3576.87 3556.27 4009.47 3009.91 Metals & Minerals 3173.00 3172.59 3209.40 3234.16 3217.93 3453.06 2502.63 Integra…
St Andrew plans new offering
To help solve its financial problems, St Andrew Goldfields (TSE) is planning an offering of convertible preferred shares in Switzerland. The company said it has appointed Banque Indosuez of Geneva an…
Montreal Exchange New Louvem owner
An agreement-in-principle with St. Genevieve Resources will see Noranda become the majority owner of Societe Miniere Louvem, which is part-owner of the Louvicourt massive sulphide project northeast of…
Good Mann results buoy Campbell
The Joe Mann gold-copper mine of Campbell Resources (TSE) in the Chibougamau area of Quebec produced 35,400 oz. gold during the first five months of 1991 and is well on its way to meeting its targeted…