Unlisted Trading (January 20, 1992)
Among the active issues during the week ended Jan. 14 was White Star Copper Mines, which traded 100,000 shares in a 68-55 cents range. White Star has a deal with Falconbridge Ltd. which will see the l…
News
Aluminum use on rise in autos
The use of aluminum in the manufacture of automobiles is expected to increase, says the chairman of major aluminum producer Alcan Aluminum (TSE). At a press briefing in New York City, David Morton sai…
FINANCING (January 20, 1992)
Tenango Explorations Inc – 800,000 shs offered @ $1.25 per sh.
More drilling at Douay project
An $850,000 drilling campaign to test the ground between two known auriferous deposits on the Douay property in Quebec’s Casa Berardi region is under way by joint venture partners Inco (TSE) and Socie…
Noront’s drilling cuts zinc zones at Hurdman Twp.
Noront Resources (VSE) says it has pulled one of the most significant zinc intersections yet reported in the immediate area north of Falconbridge’s Kidd Creek, Ont., copper-zinc mine. Noront says one …
OBITUARY (January 20, 1992)
Noted mining engineer Philip Sydney Broadhurst died recently in Toronto. He was 79. Broadhurst graduated from Queen’s University in 1938 with a B.Sc. degree in mining engineering. After the Second Wor…
Northgate offering gets approval
Toronto-based Northgate Exploration (TSE) recently received final clearance for a previously announced rights offering. The company has set the exercise price at 80 cents or US69 cents for shareholder…
Spot prices at a glance (January 20, 1992)
Week’s Price (US) Change Gold* $355.60 + $5.30 Silver* $ 4.14 + $0.19 Platinum* $337.40 + $1.90 Nickel** $ 3.31 $0.00 Lead** $ 0.23 – $0.01 Copper $ 0.95 $0.00 Zinc $ 0.52 + $0.01 Courtesy of Scotiaba…
Princeton files plan for Cassiar
Pursuant to the Companies’ Creditors Arrangement Act, Princeton Mining (TSE) has filed a reorganization plan with the British Columbia Supreme Court for the company’s wholly owned subsidiary, Cassiar …
FUTURES PRICES (January 20, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 94.35 93.70 94.10 – 0.35 Feb 94.45 94.45 94.30 – 0.55 Mar 95.30 94.40 94.70 – 0.45 SILVER (in US cents per oz…
Nymex withdraws from project
The New York Mercantile Exchange (Nymex) says it has withdrawn from a project to consolidate the operations of four commodity exchanges in New York City. Nymex’s board of directors cited economic cond…
EDITORIAL PAGE (January 20, 1992)
Many countries in South America have opened their doors to foreign investment in recent years. The experiments with socialism and totally state-owned enterprises have been modified, if not discarded, …