Osborne issues shares, debt
Osborne and Chappel Goldfields (TSE) says it will proceed with previously announced private placement by issuing 1.5 million common shares at a price of 10 cents per share. The company will also issue…
News
LETTERS TO THE EDITOR (March 23, 1992)
A story on the deep drilling Kola project in the former Soviet Union near the Norwegian border (T.N.M., Dec. 23/91) identified the U.S. publication CSD News as the source of the information. Several r…
PEOPLE (March 23, 1992)
CYPRUS CANADA — Steven Parry appointed district manager, exploration for eastern Canada. POTASH AND PHOSPHATE INSTITUTE — Robert Connochie elected chairman of the board. CONS. IMPACT RE-SOURCES — F…
OBITUARY (March 23, 1992)
Paul McCloskey, chairman of Matachewan Consolidated Mines, died recently in Toronto. He was 77. Born in Cobalt, Ont., McCloskey graduated with a B.Sc. from Michigan College of Mining and Technology in…
Alberta Stock Exchange — Two new listings
Even as the gold price dropped to a 6-year low of US$340 per oz. during the week ended March 17, the exchange welcomed two new mine listings. Western Troy Capital Resources, which used to trade on the…
Toronto Stock Exchange — Merger plan makes Corona volume leader
Gold issues took a beating during the week ended March 17, as concern over the situation in South Africa helped drive the price of the yellow metal down US$9 per oz. to US$340, its lowest level since …
Temisca drills East-Bay prospect
A drilling program on the East-Bay gold property of Ressources Temisca (ME) in Clericy Twp., northeast of Rouyn-Noranda, Que., is complete. The company, still awaiting all of the assays, says hole No….
TORONTO STOCK EXCHANGE INDICIES
Mar 17 Mar 16 Mar 13 Mar 12 Mar 11 High Low Composite “300” 3439.84 3444.14 3475.79 3479.84 3503.57 4009.47 3009.91 Metals & Minerals2968.93 2961.53 2985.40 3002.51 3030.39 3453.06 2502.63 Integrated …
INSIDER TRADING (March 23, 1992)
Three of Noranda’s (TSE) top executives, including Chairman Alf Powis and President David Kerr recently sold a batch of convertible preferred series C shares which they acquired in 1988. According to …
Boards approve merger of Star, SA
The boards of Golden Star Resources (TSE) and South American Goldfields (TSE) have agreed to a merger. Pending shareholder and regulatory approval, the two juniors will merge on the basis of one commo…
Spot prices at a glance (March 23, 1992)
Week’s Price (US) Change Gold* $340.00- $9.00 Silver* $ 4.07- $0.08 Platinum* $353.90- $9.35 Nickel** $ 3.35- $0.05 Lead** $ 0.24 $0.00 Copper $ 1.01 $0.00 Zinc $ 0.56+ $0.03 Courtesy of Scotiabank. I…
Producer Prices (March 23, 1992)
PRODUCER PRICES ALUMINUM: MW U.S. market US59.75-60.75 cents per lb. (Mar. 5, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$2.80-3.00 per lb. (Mar….