TSE Short Positions (October 30, 1989)
Semi-monthly report as of Oct 15 showed 36,316,842 shares of 630 issues, compared with 34,166,082 shares of 611 issues on Sept 30. Larger individual positions included: Agnico-Eagle 67,510 up 19,900; …
News
More cost overruns at Golden Bear
Despite additional cost overruns, construction of the Golden Bear gold mine near Telegraph Creek in northwestern British Columbia is on schedule. Project operator North American Metals (TSE) expects m…
Metal Prices PRODUCER PRICES (October 30, 1989)
ALUMINUM: MW U.S. Market US80.50 cents – 82.00 cents per lb. (Oct 19, 1989). ANTIMONY: New York dealer US94 cents -98 cents per lb. (Sept 14, 1989). BISMUTH: New York dealer $4.80-$4.90(US) per lb. (…
Kap Resources to explore iodine bet in northern Chile
Vancouver-based Kap Resources (VSE) is planning to spend about $300,000 this year to explore a Chilean property it considers promising for the production of iodine. The company recently acquired an in…
Quebec investors in flow through get new break
Investors in flow-through shares in Quebec have been given a new break by the provincial government. Beginning this year, investors will not have to include flow-through tax benefits in the calculatio…
Hemlo Gold boosts earnings, gold output at Golden Giant
Gold hedging activity enabled Hemlo Gold Mines (TSE) to earn $10.9 million or 13 cents per share during the third quarter of this year. Despite a drop of $85 per oz of gold during the period, the com…
COATS unaffected by recent market swings
The Canadian Over-the-Counter Automated Trading System, or COATS, was largely unaffected by the recent share price swings experienced on other major stock exchanges during the week. COATS issues had b…
Rumors swirl of another Carlin find by Barrick
Speculation that drilling by American Barrick Resources (TSE) has intersected another major gold deposit on a property near Carlin, Nev., has sparked a gain of more than 60% over the past two weeks in…
Ramp intersects vein structure at Hemlo Gold, Central Crude bet
A decline ramp collared at surface at the Eagle River gold property in the Mishibishu area of northwestern Ontario had been extended 2,066 ft by the end of September, Hemlo Gold Mines (TSE) and Centra…
Letters to the Editor Figures indicate profit at Magino
I am calling your attention to inconsistencies between the story on the Magino mine (N.M., Oct 23/89) and a reference to the same mine in another story in the same issue. The paragraph on page seven (…
Minera plans to raise $6 million for Latin projects
Toronto-based Minera Rayrock (TSE) plans to raise privately $6 million in the next few months to fund feasibility studies on its Ivan copper project in Chile, and its Bellavista gold property in Costa…
Ego finishes program
A drill program has been completed by Ego Resources (TSE) on the company’s B-B Lake zinc prospect, 15 km north of MacLeod Bay, N.W.T. The final results from a 15-hole program include 12.66 ft grading …