TSE Short Positions (March 30, 1998)
Short positions outstanding at March 15, 1998Larger individual positions include: Abitibi Cons 1,773,252, up 1,017,691; Barrick Gold 14,199,979, up 742,249; Dayton Mining 941,238, down 216,306; Eldora…
News
SPOT PRICES (March 30, 1998)
Wednesday, March 25, 1998Price (US)Week’s ChangeGold*$298.50+ $9.40Silver*$ 6.34…
DIAMOND PAGE — KAP joint venture expands property holdings
The KAP joint venture has augmented its land position in north-central Ontario, following encouraging results from a heavy-mineral sampling program carried out by the Ontario Geological Survey (OGS).P…
Indo Pacific raises funds
A rights offering is expected to provide Indo Pacific Resources (IPF-A) with the funds necessary to begin exploring a large land package in Papua New Guinea (PNG).If the offering is fully subscribed, …
NASD, AMEX agree to merge
As per mutual agreement, the National Association of Securities Dealers (NASD) will add the American Stock Exchange (AMEX) to its family of companies.The governing boards of both the NASD and AMEX san…
Cross Lake hits more sulphides at Sheraton
Four more drill holes on the Sheraton Twp. property of Cross Lake Minerals (CRN-V) have intersected copper and zinc mineralization.Drilling on the property, 40 km east of Timmins, Ont., has recently c…
TORONTO STOCK EXCHANGE INDICES (March 30, 1998)
1998Mar.24Mar.23Mar.20Mar.19Mar.18HighLowComposit…
METAL PRICES – Daily Metal Prices (March 30, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMar. 24Mar. 23Mar. 20Mar. 19Mar…
Regal loses Barren challenge
Management of Regal Goldfields (REGL-C) is considering its options after the Supreme Court of Nova Scotia ruled that the province’s natural resources ministry acted lawfully when it restricted explora…
Tulsequah Chief gets green light
Redfern Resources (RFR-T) has been given the go-ahead to reopen the Tulsequah Chief mine in northwestern B.C.The government of British Columbia officially approved the mine proposal on March 20 in Vic…
FACTS ‘N’ FIGURES — Use of photographic silver rises
The use of silver by the photographic industry increased nearly 3% to 232.7 million oz. worldwide in 1997.The increased use of silver by the industry in 1997 evolved primarily from increased demand fo…
Geophysics adds potential to Potter project
An ongoing geophysical program at the Potter base metal property in Munro Twp., 80 km east of Timmins, Ont., has provided numerous drill targets for owner Millstream Mines (MLSM-C).Induced polarizatio…