Uranerz drilling Nevada gold play
Uranerz U.S.A. has experienced mixed results after completing several reverse circulation holes at the Slaven Canyon North project in Lander Cty., Nev. Although the program confirmed the presence of g…
News
NEWS ROUNDUP — Breakwater granted Honduran play
The Honduran government has granted Breakwater Resources (TSE) a 1,200-hectare exploration concession in the centre of the country. The 1,200-hectare La Chacra property is 100 km by road from the comp…
TSE Short Positions (November 15, 1993)
Semi-monthly reports as of Oct 31, showed 76,776,043 shares of 792 issues compared with 73,370,624 shares of 797 issues on Oct 15. Larger individual positions included: Aber 124,200; Agnico-Eagle 249,…
Cominco bleeding red ink due to base metal price slump
Cominco (TSE) reported a net loss of $123.3 million for the first nine months of the year, compared with a profit of $65 million for the same period in 1992. The red ink was mainly attributed to low b…
Noranda posts quarterly loss of $10m
The mining and metals division of Noranda (TSE) lost $10 million in the third quarter, compared with earnings of $48 million in 1992. Nevertheless, exploration resulted in some encouragement, includin…
Welcome North restructuring
Following completion of a $2-million private placement and a share consolidation, Welcome North Resources (VSE) will retain M.O.F. Management to manage the company’s investments. Welcome North operate…
Investing in minor metals? Buyer beware
We continue to hear from investors who own small amounts of highly pure indium and germanium, purchased over the past few years at prices up to US$70-80 per oz. Reuters recently reported that indium i…
EDITORIAL PAGE — Bad timing
In case anyone needed reminding that Canadian mining has entered a new era, in which projects must be justified in terms not merely of economics but of environmental and social concerns as well, they …
LETTERS TO THE EDITOR — MPs and their big pensions
Canadians shouldn’t lose too much sleep worrying about all those Members of Parliament (MPs) who were fired Oct. 25. That’s because 73 of them instantly qualified to start collecting their gold-plated…
Major nickel producers are in cost-cutting mood
The nickel industry has reacted to lower prices by cutting costs. A study by research firm Brook Hunt & Associates of England says producers have chosen not to reduce production by a meaningful amount…
Toronto Stock Exchange Indices (November 15, 1993)
— Week — Nov 9 Nov 8 Nov 5 Nov 4 Nov 3 High Low Composite”300″ 4251.39 4216.45 4202.03 4213.73 4244.74 4264.36 4160.15 Metals&Minerals 3051.28 3058.66 3028.93 3006.77 3055.27 3080.92 2989.81 Integra…
Aussies eye City Res., plan Cinola review
An Australian group interested in acquiring City Resources Canada (TSE) plans to review the feasibility study for the Cinola gold project on British Columbia’s Queen Charlotte Islands. The group of mi…