TSE Short Positions (September 18, 1989)
Semi-monthly report as of Aug 31 showed 30,170,240 shares of 607 issues compared with 32,020,882 shares of 619 issues on Aug 15. Larger individual positions include: Agnico-Eagle 75,700 down 133,700; …
News
Plexus swaps properties to acquire copper/gold project
By way of a property exchange with Cyprus Metals Exploration, Plexus Resources Corp. (TSE) has acquired development rights to an advanced copper-gold-silver property some 45 miles east of Salem, Ore. …
INSIDER TRADES (September 18, 1989)
Black Cliff — M. Au sold 189,000 (Aug., private) @ 20 cents to hold 87,500. Brewbac — N. Brewster sold 23,621 (July) @ 10 cents to hold 38,592. Cane — Jonpol bought 40,000 (July) @ 9 cents -10 cen…
5 Australian Register
Now in its ninth edition, Register of Australian Mining is a handy guide to the country’s mines, their locations and reserves. Once again, gold outshines all other metals, occupying one-third of the b…
Black Hawk plans private placement
Toronto-based Black Hawk Mining (TSE) is planning a private placement of its shares with merchant banker DCC Equities to fund further exploration on the company’s recently acquired Minago nickel proje…
Timberline copper bet could become a mine
The results of a positive feasibility study have been received by Timberline Minerals (NASDAQ) for its MacArthur copper project in Lyon County, Nev. The property hosts mineable oxide copper reserves t…
FINANCING (September 18, 1989)
ONTARIO Audrey Res — final rec iss offer 5,000,000 @ $4 per unit to net $18,800,000. CS RES — final rec iss offer min 1,428,572 @ max 2,857,143 @ $3.50 per sh to net min $4,775,002 & max $9,550,000….
Audrey warms up Mobrun mill while cutting debt by $10 m
Just over a year after Audrey Resources (TSE) shut down production at the Mobrun polymetallic mine near Rouyn-Noranda, Que., the company is warming up its brand new milling facility. The production ha…
Barytex options zinc-lead project
By spending $2 million on exploration by June, 1993, Barytex Resources Corp. (VSE) can earn a 45% interest in the 17-claim Mel zinc-lead property, 80 km northeast of Watson Lake, Y.T. The company rece…
Manitoba unveils plans for a new Mining Act
Proposed mining legislation that incorporates almost 60 years of amendments and additions to the existing Mines Act was detailed in a green paper released recently by Manitoba’s minister of Energy and…
Metal Prices FREE MARKET (September 18, 1989)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sept 12 Sept 11 Sept 8 Sept 7 Sept 6 Copper 1887-1888 1818-182…
B.C. mine safety audit sees room for improvement
Results of a safety audit program of new mines and advanced exploration projects in northwestern British Columbia have persuaded the Ministry of Energy, Mines and Petroleum Resources to conduct more i…