TSE SHORT POSITIONS (April 12, 1993)
Semi-monthly reports as of Mar. 31, showed 61,066,784 shares of 662 issues compared with 67,018,621 shares of 655 issues on Mar. 15. Larger individual positions included: Aber 60,100, down 33,956; Ade…
News
Sherritt offering
Sherritt Gordon (TSE) has made a public offering of US$200 million aggregate principal amount of 934% notes due April 1, 2003. The underwriter is Goldman, Sachs & Co. Sherritt will use the proceeds pa…
Taseko advances Fish Lake project
With more than $7 million in working capital and no debt, Taseko Mines (VSE) is forging ahead with development of its Fish Lake deposit, southwest of Williams Lake, B.C. At the recent annual meeting i…
Colomac startup set for 1994
A startup at the Colomac gold project in the Northwest Territories is set for the first half of 1994, Royal Oak Mines (TSE) reports. The company hopes to complete a feasibility study by August and sta…
Cream Silver ponders claims appeal
A recent court ruling that Cream Silver Mines (VSE) is not entitled to compensation for the expropriation of its Strathcona Park claims may be appealed to the Supreme Court of Canada. President Frank …
Leahy defends potential of Kirkland Lake area
Ontario prospectors found themselves defending the Kirkland Lake diamond play against an onslaught of negative commentary at a recent short course presented by the Prospectors and Developers Associati…
San Andreas ups project reserves
San Andreas Resources (VSE) has updated preliminary reserves at the Prairie Creek project to about 3.2 million tons grading 13.4% lead, 15.6% zinc and 6.2 oz. silver per ton. San Andreas can earn a 60…
Moneta to drill at Godfrey Twp.
Drilling will resume in Godfrey Twp., near Timmins, Ont., where Falconbridge intersected a 1.5-metre interval grading 82.2 grams gold per tonne at a depth of 115 metres. Under an agreement with Falcon…
Arizona Star raises funds for Aldebaran exploration
A brokered private placement will enable Arizona Star Resource (VSE) to fund additional exploration on the Aldebaran gold property in Chile. The placement totals 1.5 million units at 60 cents per unit…
EDITORIAL PAGE — Curragh’s decline
For Curragh Resources, the Westray coal mine in Nova Scotia was to have been a cash-flow buffer when its Faro, Y.T., operations inevitably suffered through price troughs in zinc and lead. Westray, ins…
Potash producers named in action
Canadian potash producers have been named in a complaint, filed in Minnesota, alleging a conspiracy to fix the price of potash sold in the U.S. beginning in 1987. Fourteen defendants have been named, …
COMMENTARY — Capital investment dips, manufacturers ponder
It is cash flow that ultimately pays for construction, equipment and the acquisition of new machinery that, in turn, enable companies to expand production and grow. In manufacturing, there is an 18-mo…