News


LETTERS TO THE EDITOR (May 18, 1992)

The article “Canada has dismal record for return on gold” (T.N.M., March. 30/92) by Virginia Heffernan caused me to shake a negative head and pick up pen. Although I was weaned (1934-36) as a sampler …


NEWS ROUNDUP (May 18, 1992)

Ontario Hydro has failed to make two payments worth about $3.2 million each for the delivery of shipments of uranium, Denison Mines (TSE) says. The mining company says Hydro has instead forwarded the …




BP Canada up for sale

The control position of BP Canada (TSE) is being sold by oil and gas parent British Petroleum. BP will sell its 56.9% interest in BP Canada for $374 million. Brokerage house RBC Dominion Securities is…


Hemlo in charge at Central Crude

Exercising its ownership position in Central Crude (TSE), Hemlo Gold Mines (TSE) moved to gain control of the board of directors at the junior’s annual meeting in Toronto and operation of the company….


TORONTO STOCK EXCHANGE INDICES (May 18, 1992)

May 12 May 11 May 8 May 7 May 6 High Low Composite”300″3427.89 3427.23 3374.43 3362.90 3361.30 4009.47 3009.91 Metals&Minerals 3089.15 3069.33 2995.50 2985.60 2967.75 3453.06 2502.63 Integrated Mines3…


GOLD FUNDS (May 18, 1992)

BGR Central Net Value $7.69 $5.02 Price $6.00 $4.500 Discount 21.96% 10.4% Value $45,772,000 $75,709,350…



Falco Gold sees future in Africa

With a sharp eye on costs, Falconbridge Gold (TSE) will be turning more and more to southern Africa (especially Zimbabwe) for its expanding exploration and production. “Regrettably, the company has re…


Spot prices at a glance (May 18, 1992)

Week’s Price (US) Change Gold* $334.75 – $2.00 Silver* $ 4.08 + $0.01 Platinum* $352.80 + $0.15 Nickel** $ 3.31 – $0.04 Lead** $ 0.24 $0.00 Copper $ 1.00 + $0.01 Zinc $ 0.61 – $0.02 Courtesy of Scotia…


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