ODDS’N’SODS — One heck of an engineer
In 1956, while working in Elliot Lake, Ont., I met Jack Mitchell, an engineer from the Algom Nordic operations. Little did I realize how our paths would cross and how close our friendship and associat…
News
Mining an issue in Bolivian election
Foreign businesses are looking forward to June’s Bolivian presidential elections and the victory of candidate Gonzalo Sanchez de Lozada, now chief executive of Comsur, the largest private sector minin…
Pure Gold to raise $3.3 million
Credit Lyonnais Laing, the London-based bank that has financed Lytton Minerals (TSE), Mill City Gold Mining (ASE) and Texas Star Resources (VSE) in their quest for diamonds, has agreed to provide Pure…
Minnova options northern properties
Minnova (TSE) can earn a 60% interest in two base metal properties of Continental Pacific Resources (VSE), near Coronation Gulf, N.W.T. The properties, in the Anialik-High Lake greenstone belts, surro…
STOCK MARKETS — VSE resource index jumps on gold, diamond
Spurred by both gold and diamond issues, the Vancouver Stock Exchange resource index jumped more than 66 points to close at 1,013.45 while the composite index finished up 27.53 points at 883.80. Gold …
Chase continues Taysan drilling
Drilling on the Taysan project in the Philippines is confirming expectations of Chase Resource (VSE). Chase is working to identify a higher-grade core of copper-gold mineralization within an estimated…
Spot prices at a glance (May 03, 1993)
Week’s Price (US) Change Gold* $349.70 + $10.55 Silver* $ 4.05 + $0.14 Platinum* $374.75 + $5.00 Nickel** $ 2.68 $0.02 Lead** $ 0.19 $0.00 Copper $ 0.85 + $0.01 Zinc $ 0.46 $0.00 Courtesy of Scotiaban…
LATIN AMERICA ROUNDUP — Minera raises $25 million
Toronto-based Minera Rayrock (TSE) will raise $25 million to explore and develop its Chilean properties by selling 12.5 million special warrants at $2 per warrant. The company is also planning to reor…
TSE Short Positions (May 03, 1993)
Semi-monthly reports as of Apr. 15, showed 66,505,462 shares of 661 issues compared with 61,066,784 shares of 662 issues on Mar. 31. Larger individual positions included: Aber 112,290, up 52,190; Adex…
Toronto Stock Exchange Indices (May 03, 1993)
Apr.27 Apr.26 Apr.23 Apr.22 Apr.21 High Low Composite”300″ 3691.22 3683.81 3685.42 3665.71 3663.65 4009.47 3009.91 Metals&Minerals 2856.26 2829.40 2814.06 2812.59 2857.25 3453.06 2502.63 Integrated Mi…
LATIN AMERICA ROUNDUP — Vengold plans major financing
Recently improved gold prices should enable three major brokerage houses to complete a $42-million private placement for Venezuelan Goldfields (VSE). First Marathon Securities, Yorkton Securities and …
LATIN AMERICA ROUNDUP — Drilling expands Petaquilla
With the completion of a first phase of drilling on the Petaquilla property in Panama, Adrian Resources (VSE) believes the potential geological resource is over and above the one billion tons identifi…