News


TSE SHORT POSITIONS (December 13, 1993)

Semi-monthly reports as of Nov 15, showed 78,877,144 shares of 800 issues compared with 76,562,043 shares of 792 issues on Oct 31. Larger individual positions included: Aber 123,100; Agnico-Eagle 214,…


Homestake discovery triggers staking rush

A gold discovery by Homestake Mining (NYSE) has triggered a staking rush in the southern portion of the Battle Mountain-Eureka trend in eastern Nevada. A recent hole drilled by the major encountered 0…



Macassa rescue effort continues

A rescue effort to find two miners trapped underground at the Macassa gold mine of Lac Minerals (TSE) west of Kirkland Lake, Ont., continued at presstime. The pair, identified as Robert Sheldon, 34, a…


METAL PRICES (December 13, 1993)

London Metal Exchange Spot closing prices in $US per tonne Date Dec. 7 Dec. 6 Dec. 3 Dec. 2 Dec. 1 Copper 1678-1679 1671-1672 1656-1657 1665-1666 1643-1644 Lead 447-448 443-444 433-434 431-432 430-431…


LAST BUT NOT LEAST — Brenda sells oil and gas

By selling its remaining oil and gas assets in Australia, Brenda Mines (TSE) hopes to add $1.9 million to cash reserves. As of June 30, 1993, Brenda had a cash position of more than $107 million. It i…


NEWS IN BRIEF (December 13, 1993)

Kemano Resources (KRL.A:ASE) and Canadian Northcor Energy have amalgamated to form Purcell Energy (PEL:VSE). Kemano shareholders receive 0.9 new for one old share and Canadian Northcor Energy sharehol…



LAST BUT NOT LEAST — Cyprus to explore Guinea

Under an agreement with Guinean government, Cyprus Amax Minerals (NYSE) can explore for gold in the region known as Mandiana Prefecture. The area has an extensive gold mining history, with some deposi…



PRODUCER PRICES (December 13, 1993)

ALUMINUM: MW U.S. market US51.0-51.5 cents per lb. (Nov. 25, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993…


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