Emergency rule declared in Peru
The South American nation of Peru, a major silver producer, was under a state of emergency rule after a decade of democratization as this Latin American issue went to press. The countrys military and …
News
TSE Short Positions (April 20, 1992)
Semi-monthly reports as of March 31, showed 24,177,660 shares of 587 issues compared with 25,891,494 shares of 599 issues on March 15. Larger individual positions included: Amax Gold 143,750, up 125,9…
Single permit final hurdle to restarting Hope Brook
A Newfoundland gold mine with a troubled past has been given a new lease on life after being closed last year because of environmental problems. Officials at Royal Oak Mines (TSE) confirmed recently t…
Old style preferred
The new stock market format is terrible. The market age with each exchange was always great reading; everything is lost in the new format.
TORONTO STOCK EXCHANGE INDICES (April 20, 1992)
Composite”300″ 3412.64 3389.83 3376.64 3349.03 3318.10 4009.47 3009.91 Metals&Minerals2928.66 2945.76 2879.15 2864.47 2828.26 3453.06 2502.63 Integrated Mines 3101.03 3123.91 3044.40 3029.95 2986.76 3…
LETTERS TO THE EDITOR (April 20, 1992)
Canada possesses a vast mineral wealth; unfortunately, only a small percentage of this total wealth will ever be realized under the current mining framework. Among other factors, this situation is due…
Martel enumerates Ontario’s mineral assistance programs
Ontario boasts some of the most successful and well received mineral assistance programs in Canada, says the province’s mines minister, Shelley Martel. The minister, responding to opposition comments …
More studies for Windy Craggy
The British Columbia government will soon release a detailed document outlining its “study requirements” for the Windy Craggy copper project owned by Geddes Resources (TSE). Geddes is proposing to dev…
Mcleod buying Falconbridge’s 56% stake in Falconbridge Gold
Having apparently given up on any short term rally in the price of gold, Toronto-based Falconbridge Ltd. has agreed to sell its 56.4% stake in Falconbridge Gold (TSE), to a private company controlled …
Metal Prices (April 20, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr 14 Apr 13 Apr 10 Apr 9 Apr 8 Copper 1241-1242 1245-1246 1252-1253 1270-1271 1264…
Westmin extends Battle zone
More impressive assay results were released by Westmin Resources (TSE) from recent underground drilling at the company’s Myra Falls mine property near Campbell River, B.C. The most spectacular results…
Penoles leading private company
Within Mexicos private sector, Industrias Penoles is the acknowledged leader in the exploration game. Together with subsidiary Fresnillo, it contributed US$13 million of the US$20 million spent by pri…