Uranium Res. increases profits
Texas company Uranium Resources (TSE) managed to stay in the black during the third quarter of 1991 despite production problems at its Rosita uranium property. Uranium Resources reported net income of…
1991
Mining resumes at El Mochito
A labor dispute which disrupted production at the El Mochito lead-zinc mine in Honduras has been resolved. Owner Breakwater Resources (TSE) said operations at the mine resumed on Nov. 7.
Inco considers sinking shaft in 1992 to explore Victor
You didn’t have to be a geologist to recognize the value of the rich copper-nickel intersections on display at Inco’s (TSE) recent annual presentation to the Toronto investment community. Polished up …
St. Genevieve would amalgamate certain companies
An amalgamation involving companies within the St. Genevieve Resources (TSE) group of Montreal has been proposed for Jan. 1, subject to shareholder and regulatory approval. To be amalgamated are Bay R…
Placer reports record production
The latest financial and operating results released by Placer Dome (TSE) reveal record gold production and considerable progress being made in the company’s efforts to lower overall production costs. …
Better quarter for Cominco Res.
An improved operating performance has enabled Cominco Resources International (TSE) to reduce its losses this year over those reported a year earlier. A modest loss of $76,000 was reported for the rec…
Workers settle at Highland Valley
A new 2-year agreement has been ratified by Highland Valley Copper workers in south-central British Columbia. The contract, to run until Sept. 30, 1993, increases wages by 5% in each of the two years….
Spot prices at a glance (November 25, 1991)
Week’s Price (US) Change Gold* $362.55 + $6.10 Silver* $ 4.08 + $0.03 Platinum* $366.15 + $2.50 Nickel** $ 3.23 – $0.07 Lead** $ 0.23 + $0.01 Copper{ $ 1.07 – $0.02 Zinc{{ $ 0.52 + $0.04 @SPOTTEXT = C…
New drill targets could boost Nicholas Lake gold reserves
A number of new drill targets were identified during a recently completed exploration program by Athabaska Gold Resources (TSE) on its Nicholas Lake project, 57 miles north of Yellowknife, N.W.T. The …
Global growth on BHP agenda
Australian conglomerate The Broken Hill Proprietary Co., with interests in mining, oil and gas and steel production, is looking to grow internationally. “We actively seek to expand our overseas invest…
New offering planned by Barrick
A public offering worth $113 million is planned by American Barrick Resources (TSE). The offering of four million common shares was announced on a “bought basis” at $28.25 per share. The shares will b…
TSE Short Positions (November 25, 1991)
Semi-monthly reports as of October 31, showed 19,829,016 shares of 582 issues compared with 21,518,619 shares of 580 issues on October 15. Larger individual positions included: Amax Gold 70,600, down …