GREATEST VALUE TRADED, JULY 12-18
Exch Value ($000s)HighLowCloseChange Inco Ltd T400649$47 3/445 3/847 1/4+1 3/4Placer Dome T185619$403838 3/4….Noranda Inc T163236$3028 1/429 5/8+1 1/8Barrick Gold T141238…
News
INVESTMENT COMMENTARY — Undervalued Goldcorp regarded as a winner
The recent exploration success at the Red Lake gold mine in northwestern Ontario could translate into a mid-term price of $20 to $25 per share for Goldcorp (TSE).Such is the opinion of David James, go…
African countries facing challenges
The integration of African nations into the global economy has enhanced their prospects for growth, according to Michel Camdessus, managing director of the International Monetary Fund.Even so, he says…
Atapa acquires concession
An agreement with Peruvian-based Sociedad Minera will result in Atapa Minerals (CDN) acquiring the 900-hectare Mauii concession in the Lurin River Valley.The property, nestled in the Western Cordiller…
INSIDER TRADING — Noranda insiders traded shares
Several senior officers of Noranda (TSE) and its affiliates traded options and common shares in the company over the past few months.According to the Ontario Securities Commission’s OSC Bulletin, Keit…
TSE SHORT POSITIONS (July 24, 1995)
Short positions outstanding at June 30, 1995.Larger individual positions included: Aber Res. 59,000; Agnico-Eagle 169,180; Archer 74,800; Arimetco 82,700, Asia Pacific 31,000; Baja Gold 69,000; Barric…
Moss picks up Labrador ground
Junior Moss Resources (TSE) has acquired a 70% interest in 100 claims in the Kyfanan Lake area of Labrador.The claims are underlain by a portion of the Kyfanan Lake layered intrusion, a mafic-to-ultra…
Gold-hungry juniors stake out Timmins ground
Several juniors are acquiring ground in the Timmins, Ont., area, as they search for signs of the elusive yellow metal.In Reeves Twp., Cross Lake Minerals (VSE) has acquired a 100-claim property coveri…
Taseko retains investment banker
To advance the sale of its Fish Lake copper-gold project in British Columbia, Taseko Mines (VSE) has retained Toronto Dominion Securities as financial adviser and agent.Several international mining co…
New legislation improves mining incentives in Panama
New legislation aimed at harmonizing tax incentives is expected to benefit Panama’s nascent mining industry.The Universalization of Incentives Law, recently signed by President Ernesto Perez Balladare…
Finds in South Africa and N.W.T. keep SouthernEra Resources busy
With a diamond find in South Africa and a ground position next to one of the most prospective kimberlite pipes Canada has thus far offered up, SouthernEra Resources (TSE) is expecting 1995 to be a bus…
TORONTO STOCK EXCHANGE INDICES (July 24, 1995)
1995July 18July 17July 14July 13July 12HighLowComposite”300″4667.424700.414688.834698.044710.314718.273983.34Metals&Minerals 5123.11 5180.155139.925127.305105.555194.633273.56Integ…