News



Spot prices at a glance (November 15, 1993)

Week’s Price (US) Change Gold* $375.50 + $12.50 Silver* $ 4.53 + $0.32 Platinum* $376.75 + $8.75 Nickel** $ 2.12 + $0.05 Lead** $ 0.18 $0.00 Copper $ 0.75 + $0.01 Zinc $ 0.42 $0.00 Courtesy of Scotiab…


TSE Short Positions (November 15, 1993)

Semi-monthly reports as of Oct 31, showed 76,776,043 shares of 792 issues compared with 73,370,624 shares of 797 issues on Oct 15. Larger individual positions included: Aber 124,200; Agnico-Eagle 249,…




EDITORIAL PAGE — Vive l’exploration!

In 1979, Lac Mineral CEO Peter Allen was asked what he considered the most prospective ground in Canada. Allen’s reply, quoted in Timothy Green’s latest book The World of Gold, was as follows: “If I h…


OBITUARY — James Zimmerman

Well known Canadian geological engineer James Zimmerman died recently. He was 52. After graduating from the University of Toronto in 1962 with a degree in geological engineering, Zimmerman joined Inco…


Sagging nickel markets pummel Inco earnings

A continued deterioration in world nickel markets was a major factor in the third-quarter operating results of the primary metals business of Inco (TSE). The company was hit by rising inventories and …


Denison projects turned down

A joint federal-provincial panel has wagged a prohibitive finger at two Saskatchewan uranium projects involving Denison Mines. The panel, set up to examine the economic and environmental impact of sev…


Greenstone financing Panama gold play

To fund construction at the Santa Rosa gold project in Panama, Greenstone Resources (TSE) has entered an agreement with an underwriting group to raise $13.5-18 million. The group, led by Nesbitt Thoms…


TSE INDICES (November 08, 1993)

— Week — Nov 2 Nov 1 Oct 29 Oct 28 Oct 27 High Low Composite”300*” 4250.31 4248.02 4255.54 4235.24 4197.48 4255.61 4191.24 Metals&Minerals 3066.40 3077.42 3080.71 3070.71 3015.04 3080.71 3001.40 Int…


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