TSE SHORT POSITIONS (December 13, 1993)
Semi-monthly reports as of Nov 15, showed 78,877,144 shares of 800 issues compared with 76,562,043 shares of 792 issues on Oct 31. Larger individual positions included: Aber 123,100; Agnico-Eagle 214,…
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TORONTO STOCK EXCHANGE INDICES (December 13, 1993)
— Week — Dec 7 Dec 6 Dec 3 Dec 2 Dec 1 High Low Composite “300”4265.48 4235.99 4239.36 4226.32 4220.37 4266.01 4218.31 Metals & Mnrls 3434.12 3298.70 3280.84 3291.72 3290.08 3435.21 3270.93 Integrat…
MSV reserves
Reserves at the Portage and Copper Range mines at Chibougamau, Que., have doubled. MSV Resources (ME), which acquired the properties some nine months ago, reported minable reserves (as of Nov. 30) of …
Inventory levels dog metals markets
Metal markets, though bloated with high production and inventories, continue to draw encouragement from consumption figures. Announcements of cutbacks and increased consumption are welcome but are not…
Government approval for Mt. Milligan project
A mine development certificate has been awarded to Placer Dome (TSE) for its Mt. Milligan copper-gold project near Fort St. James, B.C. The certificate was awarded after a provincial and federal techn…
LAST BUT NOT LEAST — Royal Oak completes placement
A private placement agreement between Royal Oak Mines (TSE) and Asia Minerals (VSE) is complete. Royal Oak bought 5.6 million shares of the company for $2 million and can buy an additional 5.6 million…
LAST BUT NOT LEAST — Brenda sells oil and gas
By selling its remaining oil and gas assets in Australia, Brenda Mines (TSE) hopes to add $1.9 million to cash reserves. As of June 30, 1993, Brenda had a cash position of more than $107 million. It i…
LAST BUT NOT LEAST — Horsham grosses $US550 million
Toronto-listed Horsham has completed a 25-year debt financing with gross proceeds of US$550 million. The debentures will carry an interest rate of 3.25% and be indexed to the common share price of ass…
LAST BUT NOT LEAST — Cyprus to explore Guinea
Under an agreement with Guinean government, Cyprus Amax Minerals (NYSE) can explore for gold in the region known as Mandiana Prefecture. The area has an extensive gold mining history, with some deposi…
LAST BUT NOT LEAST — Private placement by SouthernEra
Diamond explorer SouthernEra (TSE) has completed a private placement of 1.4 million units to a group of European investors. Each unit consists of one common share and one half-share purchase warrant a…
Goldbelt provides review extension
Pegasus Gold (TSE) has been given a 3-month extension to complete a due diligence review of its proposed alliance with Goldbelt Resources (VSE). In mid-September, it was announced Pegasus would inject…
Homestake discovery triggers staking rush
A gold discovery by Homestake Mining (NYSE) has triggered a staking rush in the southern portion of the Battle Mountain-Eureka trend in eastern Nevada. A recent hole drilled by the major encountered 0…