Correction (March 06, 1995)
Vancouver-based Ariel Resources (TSE) reported a net profit of US$180,000, or US0.019 cents a share. Incorrect information appeared in our issue of Feb. 20.
News
Southern Peru defers offering
Peruvian copper producer Southern Peru Copper has deferred the public offering of its common stock. The planned offering was a secondary offering by three of the company’s shareholders. Southern Peru …
Toronto Stock Exchange Indices (March 06, 1995)
— 1995 — Feb 28 Feb 27 Feb 24 Feb 23 Feb 22 High Low Composite”300′ 4124.81 4094.12 4120.11 4143.12 4121.10 4196.41 3983.34 Metals&Minerals 3869.62 3920.98 3963.62 3967.26 3955.74 4337.89 3273.56 In…
PRODUCER PRICES (March 06, 1995)
ALUMINUM: MW U.S. market US94.5-96.5 per lb. (Feb. 3, 1995). ANTIMONY: MW New York dealer US$2.40-2.50 per lb. (Jan. 27, 1995). BISMUTH: MW New York dealer US$3.80-4.00 per lb. (Jan. 20, 1995). CADMIU…
EXPLORATION ’95 — Granges and Atlas ponder exploration
The boards of Granges (TSE) and its 50.5% subsidiary, Hycroft Resources & Development (TSE), have approved an amalgamation of the companies, subject to regulatory and shareholder approvals. The propos…
Gold Funds (March 06, 1995)
BGR Central Net Value $16.23 $6.52 Price $12.88 $6.25 Discount 20.67% 4.1% Value $127,058,000 $113,120,625…
Spot prices at a glance (March 06, 1995)
Week’s Price (US) Change Gold* $376.30 – $2.70 Silver* $4.47 – $0.29 Platinum* $409.00 – $7.40 Nickel** $3.25 – $0.54 Lead** $0.25 – $0.02 Copper $1.28 – $0.03 Zinc $0.45 – $0.02 Courtesy of Scotiaban…
Short Positions
Semi-monthly reports as of Feb. 15, 1995 showed 243,958,189 shares of 785 issues compared with 239,236,777 shares of 783 issues on Jan. 31, 1995. Larger individual positions included: Agnico-Eagle 115…
Kenrich funds work program
Replacing a previously announced financing, Kenrich Mining (VSE) has completed an $845,000 placement of units at 65 cents each. The units include one share plus a warrant, two of which give the holder…
San Fernando drilling returns values
Drilling on the Viruela zone of gold project in the Mulatos area of northwestern Mexico has returned oxide gold and high-grade copper values. Owner San Fernando Mining (TSE) describes the Viruela as a…
Westpine awaits exploration funding
The scope of this year’s work on the Taseko property, west of Clinton, B.C., will depend on the amount of funding available. Owner Westpine Metals (VSE) outlined a zone of copper-in-soil anomalies ext…
EXPLORATION ’95 — Regional and community planning —
One of the key planks in the New Democratic Party campaign in the 1991 provincial election was a promise to develop a “land-use strategy” that would end the “valley-by-valley” conflicts in British Col…