Munk purchases Horsham stock
American Barrick Resources (TSE) Chairman Peter Munk recently invested almost $6 million to exercise an option to purchase one million shares of Barrick’s oil refining affiliate Horsham (TSE). Munk al…
News
GUEST COLUMN (June 15, 1992)
What would you have if you had “hydrothermal gold-molybdenum deposition resulting from exsolution of volatile phases from a felsic magma with attendant alteration and brecciation”? The answer is, one …
TORONTO STOCK EXCHANGE INDICES (June 15, 1992)
June 9 June 8 June 5 June 4 June 3 High Low Composite”300″3386.09 3394.48 3392.56 3403.42 3407.34 4009.47 3009.91 Metals&Minerals 3193.57 3215.12 3202.90 3234.27 3157.17 3453.06 2502.63 Integrated Min…
NO HEADLINE (June 15, 1992)
The Canadian mining industry has one or two personalities who are always ready to make a statement. But there is one statement all miners have to make annually — the financial statement. It can be on…
ANNUAL REPORT REVIEW (June 15, 1992)
Public mining companies have considerable experience preparing a key section of an annual report called “management’s discussion and analysis of financial condition and results of operations” (MD&A). …
LATIN AMERICA (June 15, 1992)
A recently signed agreement between Orvana Minerals (VSE) and Noranda (TSE) will result in the two companies exploring for porphyry copper-gold deposits in Chile under a 40-60 joint venture. An initia…
Gold Giant to fund Noranda exploration
Over the next five years Gold Giant Minerals (VSE) plans to fund a $3-million exploration program operated by Noranda Exploration on the Snoball property in northwestern British Columbia. The project …
Base metal prices show improvement
The metal and mineral sub-index rose but the overall commodity price index of Scotiabank dropped in April. The all-items index was off by 1.5% after six consecutive monthly increases. Higher prices in…
Spot prices at a glance (June 15, 1992)
Week’s Price (US) Change Gold* $337.85 – $2.00 Silver* $ 4.06 – $0.03 Platinum* $367.25 – $9.50 Nickel** $ 3.23 – $0.12 Lead** $ 0.25 + $0.01 Copper $ 1.03 + $0.02 Zinc $ 0.66 + $0.02 Courtesy of Scot…
MINER DETAILS (June 15, 1992)
When Wood Gundy decided it was going to open its doors to the media more than it had in the past, it picked a tough issue to start off with. Analysts at the usually secretive brokerage firm invited fu…
Drilling planned for Spectrum
Prospective joint venture partners are being welcomed by Columbia Gold Mines (VSE) to tour the company’s Spectrum gold project in northwestern British Columbia, and the Tillicum Mountain gold project …
PRODUCER PRICES (June 15, 1992)
ALUMINUM: MW U.S. market US60-61 cents per lb. (May 28, 1992). ANTIMONY: New York dealer US80-85 cents per lb. (May 21, 1992). BISMUTH: New York dealer US$2.40-2.65 per lb. (May 21, 1992). CADMIUM: Ne…