MINER DETAILS — Bank of Canada outsells Barrick
Before the 1987 market crash, predictions that gold would exceed US$1,000 per oz. were thrown about with ease. Remember the Aden sisters, and the lineups to buy gold at US$800? These days, though, it …
News
RFC issues debenture to Minnova
RFC Resource Finance (TSE) says it plans to issue an unsecured 7% convertible debenture to Minnova (TSE) for $6.6 million, maturing in 10 years. Interest at 7% per annum will accrue for the first thre…
NEWS ROUNDUP — Barrick reduces Holt-McDermott staff
Fifteen employees at the Holt-McDermott mine northeast of Kirkland Lake, Ont., have just been laid off. Mine owner American Barrick Resources (TSE) attributes the layoff to a reduction in development …
LETTERS TO THE EDITOR — OSC new rules pose dilemma
The Ontario Securities Commission’s proposed new rules for marketing low-cost speculative securities by dealers who are not members of The Toronto Stock Exchange or Investment Dealers Association, I a…
METAL PRTCES — FREE MARKET
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sept. 15 Sept. 14 Sept. 11 Sept. 10 Sept. 9 Copper 1289-1290 1279-1280 1242-1243 121…
NEWS ROUNDUP — Sherritt makes public offering
Nickel refiner Sherritt Gordon (TSE) says it will make a public offering of shares and warrants worth $60 million. The offering consists of 7.5 million units priced at $8 per unit. Each unit is made u…
Century-old club strives for survival
With membership rapidly declining in recent years, The Engineers’ Club of Toronto faces the difficult choice between closing its door or merging with another club. Alternatively, members must raise mo…
GOLD FUNDS (September 21, 1992)
BGR Central Net Value $8.30 $5.01 Price $6.88 $4.70 Discount 17.15% 6.2% Value $49,067,000 $79,074,210…
NEWS IN BRIEF (September 21, 1992)
Atrium Resources Ltd. (VSE) has changed its name to McCulloch’s Canadian Beverages Inc. with no consolidation of capital. The transfer agent is Montreal Trust.
Starmin, Cyprus negotiate deal
An option deal to earn a 65% interest in claims in the Cobalt, Ont., area is being negotiated by Cyprus Canada with Starmin Mining (TSE) and Hellens Eplett Mining Inc., which is jointly owned by Starm…
Dia Met shares top $20 on new kimberlite finds
Machinations in European currency markets appeared to give gold a bit of a boost during the period ended Sept. 15. Bullion finished the week up US$4 as continued high German interest rates put pressur…
PRODUCER PRICES (September 21, 1992)
ALUMINUM: MW U.S. market US59.25-59.75 cents per lb. (Sept. 3, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 199…