TSE Short Positions (April 20, 1992)
Semi-monthly reports as of March 31, showed 24,177,660 shares of 587 issues compared with 25,891,494 shares of 599 issues on March 15. Larger individual positions included: Amax Gold 143,750, up 125,9…
News
MINER DETAILS; Diamond find won’t help mining
The recent rush to find diamonds in Canada’s far north is fun, but it really isn’t what Canada’s mining industry needs today. The money being spent finding the makings of future diamond rings would be…
EDITORIAL PAGE (April 20, 1992)
Strategic alliances are nothing new. A business combination of any sort — a joint venture, a merger, a partnership — could be described as such. But in current use, the term has come to mean a commo…
Suntac raises funds for Polaris drilling
Funding for a drilling campaign at the Polaris-Taku project has been arranged by Suntac Minerals (VSE) through a 2.5 million-unit private placement at 20 cents per unit. The units include a warrant to…
WisCan drops Wisconsin option
A joint venture agreement between WisCan Resources (TSE) and Noranda (TSE) to explore the Goodman North and South, Reef and Enterprise projects in Wisconsin has been terminated. WisCan was formed just…
Rising demand for gold jewelry a bullish sign
Despite the recession in North America, demand for gold to fabricate jewelry reached record levels last year and may even have climbed as high as 2,000 tons, according to estimates by the World Gold C…
Metal Prices (April 20, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr 14 Apr 13 Apr 10 Apr 9 Apr 8 Copper 1241-1242 1245-1246 1252-1253 1270-1271 1264…
OBITUARY (April 20, 1992)
The founder of Nelson Machinery, Jack Henry McMullen Greenwood, died recently at age 87. Greenwood was born at the Hudson’s Bay trading post of Lac Seul, Ont., and began working for that company at th…
Westmin extends Battle zone
More impressive assay results were released by Westmin Resources (TSE) from recent underground drilling at the company’s Myra Falls mine property near Campbell River, B.C. The most spectacular results…
NEWS ROUNDUP (April 20, 1992)
Weak metal prices and a high Canadian dollar forced Audrey Resources (TSE) to report a loss of $1.1 million or 7 cents a share in 1991, compared to a loss of $2.9 million or 19 cents a share in 1990. …
Minerals boost Brazilian economy
Significant changes in Brazils economic and political structures are taking place at this time as a new administration under Fernando Collor, the first president to be elected by popular vote in 29 ye…
PROJECT ROUNDUP; PROJECT ROUNDUP
Calgary-based Dakota Resources (ASE) says it has been negotiating with a South American group for the licensing of a process and related technology for the development of volcanic ore deposits in Sout…