TSE Short Positions (December 28, 1992)
Semi-monthly reports as of Dec. 15, showed 34,511,097 shares of 582 issues compared with 35,033,669 shares of 561 issues on Nov. 30. Larger individual positions included: Amer. Barrick 101,474, down 8…
News
SEG, NWT in property deal
Montreal-based SEG Exploration (ME) has agreed to option nine unpatented claims in Elmhirst Twp., north of Beardmore, Ont., from NWT Copper Mines (CDN). An exploration program conducted by Chestervill…
STOCK MARKETS — Venezuelan property deals lift juniors’
Western markets finished the week ended Dec. 23 little changed with the Vancouver Stock Exchange composite index finishing up less than a point at 605.38, while the resource index lost 11.74 points at…
Pure Gold pins hopes on possible new cluster
Management at Pure Gold Resources (TSE) believes the company could be sitting on a new kimberlite cluster after discovering pyrope garnets on its Humpy Lake property, 145 km west of the diamond-bearin…
Glimmer of hope for gold
Gold is likely to be the best performing metal on a relative basis during 1993, delegates to the recent Western Gold Show here were told. David Williamson, an independent metals industry consultant, w…
Soquem joins Nor. Abitibi, Vior in Douay venture
An agreement allowing Soquem to earn 50% of the rights of Societe d’Exploration Miniere Vior (ME) in the Douay property option of Northern Abitibi Mining (ASE) in Quebec’s Casa Berardi region has been…
Nahanni share exchange cancelled
A deal whereby three major shareholders in Nahanni Mines (TSE) had agreed to sell W.F. Christensen, president of Lytton Minerals (TSE), 1.5 million Nahanni shares has been cancelled. Under the agreeme…
Coleraine negotiates ferrochrome deal
An agreement to produce ferrochrome in Quebec is being negotiated with Ege Metal Endustrie A.S. of Turkey, Ressources Minieres Coleraine (ME) reports. A large producer of chromite, Ege is a consortium…
Int’l Platinum, Swansea funding
A letter of intent for the placement of $7.2 million involving a convertible debenture has been received from foreign investor institutions, International Platinum (TSE) and Swansea Gold Mines (CDN) r…
Formosa ships copper concentrate
In late November, Formosa Resources (VSE) shipped its second smelter shipment to Aomori, Japan, from the port of Vancouver, Wash. The shipment comprised 4,245 tons of concentrate grading 17.5% copper …
PGE sampling
Some high-grade gold assays from grab samples from a property in New Brunswick were reported recently by PGE Resource (ASE). A fire assay technique was used on the samples, which the company says cons…
Metal Prices — FREE MARKET (December 28, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec. 22 Dec. 21 Dec. 18 Dec. 17 Dec. 16 Copper 1464-1465 1428-1430 1407-1408 1392-13…