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Newmont Gold

Gold producer Newmont Gold (NYSE) sold 1.7 million oz. in 1993, up from 1.6 million oz. the previous year. The Denver, Colo.-based company received an average price of U$361 per oz. last year, compare…


Mini-rush to the Klondike — Kennecott commits to

The Klondike gold rush days may be long gone, but it would seem Kennecott Canada is of a different opinion. The company will spend more than $500,000 this year exploring properties in the Klondike cam…


Talapoosa royalty worries Pegasus

With a third phase of work completed on the Talapoosa gold project in Nevada, Pegasus Gold (TSE) is nervously awaiting confirmation of a proposal from the U.S. government that a royalty be applied to …


NEWS ROUNDUP — Republic finds new gold zones

Two potential open-pit gold zones have been identified on the dormant Congress property in Arizona. The Golden Wave and Bellick zones are north and east, respectively, of the Congress mill. Republic G…


HudBay options B.C. properties

The exploration division of Hudson Bay Mining & Smelting (TSE) is set to begin work on two newly optioned properties in southeastern British Columbia. The main target is stratabound, copper-silver min…


Rio Algom raises $180 million

After announcing it would sell 7 million units at $22.50 each, Rio Algom (TSE) added another million shares at the same price. Gross proceeds are expected to be $180 million. Each unit will consist of…


Spot prices at a glance (February 14, 1994)

Week’s Price (US) Change Gold* $380.25 – $4.70 Silver* $ 5.25 – $0.03 Platinum* $389.50 – $2.50 Nickel** $ 2.60 – $0.08 Lead** $ 0.22 – $0.01 Copper $ 0.84 – $0.02 Zinc $ 0.44 – $0.02 Courtesy of Scot…


Toronto Stock Exchange Indices (February 14, 1994)

— 1994 — Feb 8 Feb 7 Feb 4 Feb 3 Feb 2 High Low Composite”300″ 4452.18 4448.71 4447.19 4560.28 4573.43 4601.09 4286.54 Metals&Minerals 3805.59 3760.44 3703.35 3795.05 3820.54 3855.09 3495.59 Integra…


INSIDER TRADING — Echo Bay officers active

Two officers of Echo Bay Mines (TSE) exercised options and sold shares in early January. According to the Ontario Securities Commisssion OSC Bulletin, senior officer John Zigarlick Jr. exercised optio…


CORPORATE TRENDS — Regulators and the market

Like most idealistic initiates to the world of regulatory processes, I have a little dream. My dream is one of markets which are competitive and of securities which are sold honestly, so that investor…


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