Metal Prices (February 17, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 11 Feb 10 Feb 7 Feb 6 Feb 5 Copper 1206-1207 1189-1191 1189-1191 1198-1199 1201-…
News
Uncertain fate awaits Paymaster
The Paymaster gold project at Timmins, Ont., faces an uncertain future now that Placer Dome (TSE) has decided to take a $31-million writedown on the value of its interest in the property. Although Pla…
U.S. REPORT (February 17, 1992)
As a result of a planned restructuring, Galactic Resources (TSE) announced it will not meet the Jan. 31 interest payment on its outstanding 7% exchangeable debentures. Peter Guest, president, said the…
TSE Short Positions (February 17, 1992)
Semi-monthly reports as of January 31, showed 22,728,756 shares of 591 issues compared with 20,679,088 shares of 600 issues on January 15. Larger individual positions included: Amer. Barrick 147,500, …
Business as usual for Princeton
Management of Princeton Mining (TSE) recently stated that the appointment of a receiver for its wholly owned subsidiary, Cassiar Mining, will not affect its other business activities. The British Colu…
INSIDER TRADING (February 17, 1992)
William Dickie, a director of Toronto-based Goldhunter Explorations (ASE), was active in the stock market recently. According to the Ontario Securities Commission OSC Bulletin, Dickie bought 130,000 s…
Montreal Exchange (February 17, 1992)
Drilling activity at the Douay gold property of Societe d’Exploration Miniere Vior helped to propel the stock upwards during the week ended Feb. 11. The junior, which gained 15 cents to 70 cents on al…
PROFILE (February 17, 1992)
Late last year, Fort Knox Gold Resources emerged from a dormant penny stock to become one of the most active issues in The Toronto Stock Exchange. Much of the credit goes to Exploration Vice-President…
Correction (February 17, 1992)
“U.N. Earth Summit” (T.N.M., Jan. 20/92) incorrectly identified Kenneth McCready of TransAlta Utilities as spokesman for Canada’s mining industry at the June, 1992, United Nations Conference on Enviro…
GOLD FUNDS (February 17, 1992)
BGR Central Net Value $8.31 $5.22 Price $7.75 $4.650 Discount 6.75% 10.9% Value $49,490,000 $78,232,995…
Kingswood cuts 60-ft. gold zone
Further drilling at Kingswood Explorations’ (ASE) 24-claim Devon property near Matheson, Ont., has intersected a wide, gold-bearing zone called the “Thunder zone.” Hole 92-16 intersected 57.7 ft. grad…
Glamis on track to reach targets
With gold production of over 35,000 oz. for the first six months of fiscal 1992, Glamis Gold (TSE) is well on the way to meeting output projections of 75,000 oz. for its 1992 fiscal year. Second-quart…