TSE SHORT POSITIONS (November 01, 1993)
Semi-monthly reports as of Oct 15, showed 73,370,624 shares of 797 issues compared with 82,769,360 shares of 773 issues on Sept 30. Larger individual positions included: Aber 127,000; Agnico-Eagle 93,…
News
Sikaman to start up Cerro Mayal
The Cerro Mayal gold mine in Argentina is scheduled to enter production this month. Sikaman Gold Resources (TSE) expects to process 35 million cubic feet of gravel per year, initially. From that, abou…
Falco confirms Kidd expansion
Falconbridge has confirmed earlier reports (T.N.M, Sept. 6/93) that it has found “significant extensions” to the Kidd Creek orebody in Timmins, Ont. “The main orebody is now known to continue downward…
Shambles of former Soviet state root cause of misery in
The turmoil in world metal markets is forcing mine operators and refiners to gradually reduce output substantially. Such cutbacks are necessary if the balance among production, consumption and high in…
Rea set to acquire Nevada gold project
A letter of intent gives Rea Gold (TSE) a purchase option on the Mt. Hamilton gold project in eastern Nevada. The option is part of an agreement with owner Costain Minerals. In return, Rea must pay Co…
PRODUCER PRICES (November 01, 1993)
ALUMINUM: MW U.S. market US51.50-52.50 cents per lb. (Oct. 21, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 19…
MSV output on the rise
Quebec gold-copper producer MSV Resources (ME) reports major increases in output during the third quarter. Gold production from its Chibougamau projects jumped by 33% to 13,271 oz., and copper product…
Cantung continues Chilean focus
Drilling is planned by Canada Tungsten (TSE) to provide samples for metallurgical testing at the Andacollo heap-leach copper project, 50 km from La Serena, Chile. The company recently acquired an opti…
Czech purchase approved for Royalstar Resources
Partners Royalstar Resources (VSE) and Paramount Ventures & Finance (VSE) have received approval from a Czech court for their acquisition of an 80% interest in a Czech company which owns the Kasperske…
PEOPLE — LAC DES ILES MINES
Ernie Marcotte appointed vice-president and general manager. NORTH AMERICAN PALLADIUM Ernie Marcotte appointed vice-president, mining operations.
NEWS ROUNDUP — Trillion, Falco in Ivory Coast nickel deal
Four companies have signed a deal covering nickel deposits in the Biankouma area of western Ivory Coast. The companies are Trillion Resources (TSE), Falconbridge and Sodemi, the Ivory Coast state mini…
Cusac secures funds for Table Mountain
Financing to place the Table Mountain project back into production is largely at hand for owner Cusac Industries (TSE). The company has secured a 14-month, US$2-million loan from a Swiss investor. The…