Toronto Stock Exchange Indices (January 17, 1994)
— Week — Jan 11 Jan 10 Jan 7 Jan 6 Jan 5 High Low Composite”300″ 4447.43 4453.21 4420.66 4425.43 4401.08 4456.31 4286.54 Metals&Minerals 3605.15 3666.79 3628.37 3619.51 3594.26 3666.79 3495.59 Integ…
News
Golden Rule and Manson Creek restructure 1-m-unit financing
A previously announced financing deal between Manson Creek Resources (TSE) and Golden Rule Resources (TSE) has been restructured. Under the current deal, Golden Rule will subscribe to one million unit…
Cadington Resources changes course of business
Cadington Resources (CDN) is hanging up its pick axe to become an industrial and investment holding company. It plans to acquire or merge with businesses which have substantial cash flows and/or under…
PEOPLE — GIANT BAY RESOURCES
Lee Tiong-Hock appointed director.
PEOPLE — INT’L HOMESTEAD (January 17, 1994)
Everett Abbey appointed director.
EDITORIAL PAGE — Engineering some respect
Except for the period of the Industrial Revolution, mining through the ages has seldom been in the good books of society as a whole. The Roman poet Ovid around the time of Christ wrote of those “wicke…
Nymex enjoys a banner year
Metals futures trading in 1993 on the New York Mercantile Exchange (Nymex) jumped 19% over 1992 activity. The majority of those trades involved platinum futures (up 13%). The number of palladium futur…
LETTER TO THE EDITOR — More on Escondida discovery
I am writing with regard to the article “Arequipa eyes Peruvian copper” (T.N.M., Nov. 29/93) and the letter to the editor “Escondida find a team effort” (T.N.M., Dec. 20/93) about the Escondida discov…
Milner sells stake
Milner Consolidated Silver Mines (ASE) has entered an option agreement to sell its 25.5% interest in Minerales de Copan S.A. de C.V. to Fischer-Watt Gold (NASDAQ). The price is $1.4 million, to be pai…
STOCK MARKETS — Investors unflustered as high-flying gold
It seems that every time gold seriously assaults the $US400-$410-per-oz. trading range, it is rebuffed. It happened last year, when gold drove through the $US410-per-oz. mark and it happened again thi…
PRODUCER PRICES (January 17, 1994)
ALUMINUM: MW U.S. market US53.00-53.75 cents per lb. (Dec. 30, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 19…
INSIDER TRADING — Vengold officers sell shares
Two officers of Venezuelan Goldfields (VSE) sold shares in November. According to the Ontario Securities Commission’s OSC Bulletin, officer and director Glenn Ives exercised 25,000 options at 50 cents…