Spot prices at a glance (September 21, 1992)
Week’s Price (US) Change Gold* $346.20 + $3.10 Silver* $ 3.84 + $0.09 Platinum* $363.00 + $0.60 Nickel** $ 3.16 + $0.04 Lead** $ 0.28 – $0.01 Copper $ 1.09 – $0.02 Zinc $ 0.62 – $0.01 Courtesy of Scot…
News
PEOPLE — PEAT RESOURCES
Gordon Bongard, former senior vice-president of Nesbitt Thompson Deacon Inc. and past governor of The Toronto Stock Exchange, appointed director. N5…
NEWS ROUNDUP — Barrick reduces Holt-McDermott staff
Fifteen employees at the Holt-McDermott mine northeast of Kirkland Lake, Ont., have just been laid off. Mine owner American Barrick Resources (TSE) attributes the layoff to a reduction in development …
NEWS ROUNDUP — International Musto announces share offer
International Musto Explorations (VSE) has issued for sale 2,594,111 common shares at a price of $2.25 to raise $5,836,749.75. The net proceeds of the offering will be used to repay bank debt and fund…
Guyana expects Omai mine to stimulate future prospects
A new gold mine is about to enter production in this South American nation which is of major significance not only to the owners, Cambior (TSE) and Golden Star Resources (TSE), but to the country. The…
Dia Met report cools speculation, raises questions
Results from a summer drilling program on the diamond property of BHP Minerals Canada and Dia Met Minerals (VSE) in the Northwest Territories fell short of market expectations when Dia Met issued an u…
METAL MARKETS — High nickel inventories pressure producers
Russian metal exports and western reactions are puzzling. Repeated official Russian government announcements of new regulations and licensing requirements to reduce unauthorized and illegal exports ar…
Dia Met shares top $20 on new kimberlite finds
Machinations in European currency markets appeared to give gold a bit of a boost during the period ended Sept. 15. Bullion finished the week up US$4 as continued high German interest rates put pressur…
European currency turmoil lifts gold mining issues
Gold emerged as a winner during the week ended Sept. 15, jumping US$4 to US$345.70 per oz. in New York as mayhem gripped European currency markets. Shaken by the volatility that followed a half-a-perc…
LATIN AMERICA — Mexico has a recognized mining tradition
Mexico has an abundance of mineral resources with some of its country’s mines on a par with the world’s best. Two semi-parallel mountain systems run the length of the country from north to south, the …
TSE STOCK EXCHANGE INDICES (September 21, 1992)
Sept.15 Sept.14 Sept.11 Sept.10 Sept.9 High Low Composite”300″3464.09 3470.42 3440.57 3443.93 3449.07 4009.47 3009.91 Metals&Minerals 2957.18 2975.59 2919.37 2933.59 2915.55 3453.06 2502.63 Integrated…
INSIDER TRADING — Barrick officer doubles his money
John Lill, senior vice-president of American Barrick Resources (TSE), recently cashed in on the senior gold producer’s market success by selling 5,000 shares for $35.25 each after exercising the same …