Judge denies OSC penny stocks policy
A judge has struck down an Ontario Securities Commission (OSC) policy designed to control abuses in the sale of speculative penny stocks. In a 42-page decision, Justice Robert Blair of the general div…
News
Gateway plans an amalgamation
Toronto-based junior Gateway Uranium Mines (CDN) plans to amalgamate with a newly incorporated company, as yet unnamed, and simultaneously exchange shares with American Gold Resources, a private U.S. …
COMMENTARY — Home-grown political risk
The biggest challenge facing the mining industry today is its fierce battle with another industry — the industry of the preservationists, the professional (and elitist) organizations which exist only…
STOCK MARKETS — Market indexes on rise while gold price
Investors continue to register confidence in the equity issues as witnessed by the high-level closings of the major market indexes in Toronto and New York. The Toronto Stock Exchange 300 composite ind…
Temisca makes Belroche offer
An offer from Ressources Temisca (ME) to buy between 51% and all of the issued shares of Gestion Belroche will be voted on by Belroche shareholders on Aug. 30. Belroche’s assets include a 20-million-t…
Republic, Yorbeau settle Ellison property dispute
A settlement has been reached between Republic Goldfields (VSE) and Yorbeau Resources (TSE) in a legal dispute over the Ellison gold property in Bousquet Twp., northwestern Quebec. Republic will acqui…
Lead may be set for turnaround
Although it has been trading at all-time lows in real dollar terms, lead could be poised for a turnaround, reports Metals Economics Group of Halifax, N.S. “The concentrate market is in severe shortage…
Spot prices at a glance (August 23, 1993)
Week’s Price (US) Change Gold* $372.85 – $8.50 Silver* $ 4.69 – $0.10 Platinum* $388.00 – $5.25 Nickel** $ 2.08 – $0.11 Lead** $ 0.17 – $0.01 Copper $ 0.87 – $0.01 Zinc $ 0.39 $0.00 Courtesy of Scotia…
PRODUCER PRICES (August 23, 1993)
ALUMINUM: MW U.S. market US55.75-56.75 cents per lb. (Aug. 12, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
Gold Funds (August 23, 1993)
BGR Central Net Value $13.65 $6.15 Price $12.13 $6.375 Discount 11.16% 3.7% Value $76,449,000 $115,383,038…
South Africa in global spotlight
Easily the richest country on the African continent, South Africa is fast becoming as lawless and unheeding of human rights as many neighboring nations, such as Zaire and Mozambique, where anarchy has…
MVP completes bond, warrant issue
Toronto-based junior MVP Capital (TSE) has issued $1 million in convertible bonds and warrants. The bonds will have an interest rate of 10% per year payable semi-annually in cash or 14% per year payab…