La Teko firms up Alaskan projects
The recent field season was a busy one for La Teko Resources (NASDAQ). With three exploration properties near Fairbanks, Alaska, the company had its hands full.At the True North gold property, drillin…
1995
Prime, Homestake home in on Red Mountain
Encouraged by preliminary trenching results from the Red Mountain area discovery near Stewart, B.C., Homestake Mining (NYSE) and Prime Resources Group (TSE) have moved to acquire an equity interest in…
LABRADOR NEWS ROUNDUP — Diamond Fields ends talks
Diamond Fields Resources (TSE) reports that it is no longer in active discussions with Canadian States Resources (CDN) regarding a possible joint venture on Canadian States’ claims in Labrador.Canadia…
Detector busy near Kirkland Lake
Detector Resources (ASE) has acquired the Abitibi Phoenix property, 30 km north of Kirkland Lake, Ont.Spanning 21 sq. km, the property was last drilled in 1985, with encouraging results. These include…
INVESTMENT COMMENTARY — Kemess acquisition viewed as attractive for Royal Oak
Two investment houses have rated Royal Oak Mines (TSE) as a “buy,” based on the company’s recent acquisitions and the settlement the company has reached with the government of British Columbia for com…
STOCK MARKET — Western markets also recover from referendum jitters
The narrow win by the “non” side in the Quebec referendum managed to reverse a slide in western markets, but the recovery was unsuccessful in making up all the lost ground over the report period ended…
Magma pumps up its earnings
A boost in copper sales, combined with a sizable increase in the realized price of lead, enabled Magma Copper (NYSE) to more than double its third-quarter earnings from the same period last year.The c…
TSE INDICES (October 30, 1995)
1995 Oct 24Oct 23Oct 20Oct 19Oct 18HighLowComposite”300″4352.194315.494438.334475.494488.864718.273983.34Metals&Minerals4520.924424.964534.284577.964574.685276.123273.56Integrated …
Romarco expands Nevada presence
Nevada explorer Romarco Minerals (CDN) will acquire two claim blocks comprising seven claims in the vicinity of its Midas property in Elko Cty.Romarco must spend US$200,000 on exploration and make adv…
PRODUCER PRICES (October 30, 1995)
ALUMINUM: MW U.S. market US78 cents-79 cents per lb. (October 13, 1995).ANTIMONY: MW New York dealer US$2.30-2.50 per lb. (July 14, 1995).BISMUTH: MW New York dealer US$4.00-4.20 per lb. (October 13, …
FINANCING (October 30, 1995)
Artina Resources Ltd. — 300,000 shs @ 50 cents per sh.
TSE SHORT POSITIONS (October 30, 1995)
Short positions outstanding at October 16, 1995Larger individual positions included: Barrick Gold 5,723,323; Agnico-Eagle 176,698; Anderson Expl. 308,800; Beau Canada Expl. 119,946; Bema Gold 1,233,10…