High Frontier Res. revving up again
Subject to shareholder and regulatory approval, High Frontier Resources plans to consolidate its 8.26 million shares on a 4-for-1 basis and change its name to Consolidated Frontier Resources. To settl…
News
TSE Short Positions (May 31, 1993)
Semi-monthly reports as of May 15, showed 72,998,779 shares of 684 issues compared with 71,954,072 shares of 683 issues on Apr. 30. Larger individual positions included: Aber 110,341; Amer. Barrick 40…
NEWS ROUNDUP — Spruce Ridge drilling Madoc play
Drilling has begun on the Cooper gold property near Madoc, Ont., a 50-50 joint venture between Spruce Ridge Resources (CDN) and Lakefield Minerals, a private Toronto company. Previous drilling outline…
PRODUCER PRICES (May 31, 1993)
ALUMINUM: MW U.S. market US52.50-53.50 cents per lb. (May 13, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 26, 1993). BISMUTH: MW New York dealer US$2.50-2.70 per lb. (Mar. 26, 1993…
Sikaman advances placer gold projects in Argentina
Toronto-based Sikaman Gold Resources (TSE) is stepping up its exploration and development activities on two placer gold properties in the Province of Neuquen, Argentina. In early May, the company secu…
Campbell reviews funding position
Now that Northgate Exploration (TSE) is selling its controlling interest in Campbell Resources (TSE), the latter is reviewing financing alternatives for its Canadian operations and Mexican exploration…
Potash profit falls
First-quarter earnings for Potash Corp. of Saskatchewan (TSE) are down 30% to $8 million (21 cents per share) compared with $11.4 million (29 cents per share) in the first quarter of 1992. Revenues we…
Big base metal find in Finnish Lapland
A huge base metals deposit has been confirmed in northern Finland. The 50-100-million ton deposit reportedly contains copper, nickel, platinum and gold mineralization. First discovered in the late 198…
Haile reserve tops 13 million tons
The Haile property near Kershaw, S.C., has proven and probable reserves of 13.2 million tons grading 0.091 oz. gold per ton, a consulting group estimates. Piedmont Mining (NASDAQ), 37.5% owners of the…
Cyprus hedges
A price protection program ensures that Cyprus Minerals (NYSE) will receive a minimum average sales price of about US94 cents per lb. on about 90% of its projected 1993 copper sales. The program also …
PEOPLE — GEORGE RESOURCE
Donald Shwery appointed director and elected chairman.
PEOPLE — JUNE RESOURCES (May 31, 1993)
Lawrence Campbell appointed director.