NEWS ROUNDUP — Wheels of justice
The wheels of justice move slowly, including that arm of the Ontario Securities Commission. In its press release of July 29, 1992, a public hearing was billed for Aug. 25 to consider, among other thin…
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PRODUCER PRICES (August 31, 1992)
ALUMINUM: MW U.S. market US59.75-60.50 cents per lb. (Aug. 13, 1992). ANTIMONY: New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CA…
TSE SHORT POSITIONS (August 31, 1992)
Semi-monthly reports as of August 15, showed 27,940,927 shares of 578 issues compared with 29,588,606 shares of 560 issues on July 31. Larger individual positions included: Aber Res. 108,800, up 45,40…
Exall option lapses
Stephen Roman, president of Exall Resources (TSE), says he did not exercise an option to buy all or part of Denison Mines’ (TSE) interest in Exall. Roman has decided instead to focus on raising funds …
3 deaths while dewatering shafts prompt warning
Improper equipment and failure to test for poisonous gases were causes of the deaths of three prospectors in the Ontario bush this year. The circumstances of deaths are identical. On July 9, two men d…
Westmin’s Myra Falls drilling confirms zones’ grade, width
Two recent holes drilled by Westmin Resources (TSE) returned ore-grade intersections from the Gap/Battle zone areas at the company’s Myra Falls mine property near Campbell River, B.C. Hole 15-463 retu…
Lac de Gras crash kills pilot
The rush for diamonds in the Northwest Territories has claimed its first fatality. Howard Damron, a 48-year-old pilot flying under contract for Dia Met Minerals (VSE) and BHP Minerals Canada, was kill…
INSIDER TRADING — Friedland set for Golden Star share price
Golden Star Resources (TSE) insider Robert Friedland is poised to profit from a rally that has pushed the junior’s share price to a 52-week high of $4.40 recently. In two private transactions executed…
STOCK MARKETS — Pacific Sentinel, Big Creek jump on merger
Western markets gained some ground during the period ended Aug. 25. The Vancouver Stock Exchange composite index added 7.2 points to finish at the 577 level, and the resource index posted a 10.9-point…
Diamond exploration spills on to James Bay lowlands
Diamond exploration and land acquisition were reported to be under way in five provinces, in addition to the Northwest Territories, during the week ended Aug. 25. In Ontario and Quebec, KWG Resources …
California copper project optioned by Western Copper
Already active on a copper project in the Yukon, Western Copper Holdings (VSE) recently optioned a California copper project with a preliminary reserve estimate of 12.5 million tons grading 0.55% copp…
GOLD FUNDS (August 31, 1992)
BGR Central Net Value $8.07 $4.86 Price $6.88 $4.50 Discount 14.81% 7.40% Value $47,965,000 $75,709,350…