MOST ACTIVE ISSUES (September 21, 1998)
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TSE SHORTS (September 21, 1998)
Short positions outstanding at Aug. 31, 1998Larger individual positions include:Abacan Resource 46,500, down 252,800; Abitibi-Consolidated 1,984,832, up 1,140,064; Alcan Aluminium 1,118,635, up 377,84…
Geomaque drills in Honduras
Geomaque Explorations (GEO-T) has completed its second phase of drilling at the Vueltas del Rio gold deposit in northwestern Honduras.Consisting of 72 diamond drill holes totalling 5,500 metres, the d…
Troymin options prospect
Subject to regulatory approval, Troymin Resources (TYR-A) has optioned its St. Maurice nickel-cobalt prospect to Ormico Exploration (OMX-M).Situated in the La Tuque area of central Quebec, the 16-clai…
NovaGold buys Shotgun stake
At a cost of US$900,000, NovaGold Resources (NRI-T) has completed the acquisition of a 49% interest in the Shotgun and Sleitat claim groups in southwestern Alaska.The company now expects to complete i…
Cambior reaps benefits from base metal production
Unlike many other gold producers, which stick to a gold-only philosophy, Cambior (CBJ-T) has taken up base metal production with enthusiasm. The Montreal-based company deliberately moved into base met…
Sherritt stays afloat despite low prices
Sherritt International (S-T) posted a profit in the second quarter, when lower nickel prices were partially offset by lower operating costs and higher cobalt prices.The Toronto-based company earned $1…
Aurizon buys gold mine
With three drills on surface and three underground, Aurizon Mines (ARZ-T) will carry out a 5,000-metre program aimed at boosting reserves and reviving the dormant Casa Berardi gold mine in northern Qu…
Deals to boost Armenian minerals sector
The Armenian minerals sector is getting a boost by way of a new diamond processing partnership and a cash injection for the copper industry from the Chinese government.The Diamond Company of Armenia w…
Indochina develops Monywa
With the Bakyrchik gold project on hold pending optimization studies and restructuring of an agreement with the government of Kazakstan, Indochina Goldfields (ING-T) is focusing on improving the econo…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Water, water everywhere
Sometime in 1922, I got word that the Consolidated Coal Company in Fairmouth, W.Va., had a big shaft job up for tender.This company was said to be an interest of oil baron John D. Rockefeller and was …
EDITORIAL & OPINION — Court ruling respects small businesses — NWMA vs. Babbit
Small business and big government don’t always see eye to eye, and the greater the disparity, the greater the chances that might will overpower right. But that was not the case earlier this year, when…