Spot prices at a glance (August 31, 1992)
Week’s Price (US) Change Gold* $340.35 + $1.75 Silver* $ 3.65 – $0.15 Platinum* $349.50 + $1.75 Nickel** $ 3.30 + $0.04 Lead** $ 0.30 + $0.01 Copper $ 1.14 – $0.02 Zinc $ 0.63 + $0.01 Courtesy of Scot…
News
MSV transaction
MSV Resources (ME) says it will sell the more than 1.5 million shares of VSM Exploration (TSE) it owns to Cambior (TSE) at 50 cents per share. MSV also plans to sell to Cambior any shares it purchases…
Shareholders OK Canarc merger
A proposed merger between Canarc Resource (VSE), Suntac Minerals (VSE) and Rembrandt Gold Mines (ASE) recently received shareholder approval and the companies expect to obtain court approval shortly. …
Dickenson, Hunter seek Casino property through merger
After over a year-long search for a major project, Pacific Sentinel Gold (VSE) announced it plans to merge with Big Creek Resources (VSE). The companies expect to merge on a one-for-one basis subject …
LATIN AMERICA — New Mining Law for Mexico
Mexico’s 1992 Mining Law, which went into effect in June and which regulates Article 27 of the country’s constitution, lays the groundwork for bolstering the industry and its competitiveness, without …
NEWS ROUNDUP — CopperQuest options Kidd leases
An agreement recently signed between CopperQuest (CDN) and Zacherra Holdings will give CopperQuest the option to purchase three mineral leases in Kidd Twp., Ont. The leases lie just west of ground hel…
NEWS ROUNDUP — Matachewan spill sentence postponed
Sentencing of those held responsible for a 1990 tailings spill near Elk Lake, Ont., has been postponed until the autumn. In July, Matachewan Consolidated Mines (TSE), its president Richard McCloskey a…
NEWS ROUNDUP — Flag finds copper sulphide on surface
Calgary-based Flag Resources (ASE) says it has found surface iron and copper-sulphide mineralization within a 3,000 ft.-long airborne magnetic and coinciding VLF anomaly on its 24,000-acre Wanapitei h…
NEWS ROUNDUP — ASC declines to prosecute
The Alberta Securities Commission (ASC) says it won’t prosecute in the case of a $34-million investor immigrant fund which left 230 Asian investors in a state of anger. Claude Resources (TSE) used the…
NEWS ROUNDUP — Wheels of justice
The wheels of justice move slowly, including that arm of the Ontario Securities Commission. In its press release of July 29, 1992, a public hearing was billed for Aug. 25 to consider, among other thin…
PRODUCER PRICES (August 31, 1992)
ALUMINUM: MW U.S. market US59.75-60.50 cents per lb. (Aug. 13, 1992). ANTIMONY: New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CA…
TSE SHORT POSITIONS (August 31, 1992)
Semi-monthly reports as of August 15, showed 27,940,927 shares of 578 issues compared with 29,588,606 shares of 560 issues on July 31. Larger individual positions included: Aber Res. 108,800, up 45,40…