INSIDER TRADING (May 04, 1992)
TVX Gold (TSE) directors Glenn Ives and Nigel Lees recently sold a portion of their holdings in the Toronto-based gold miner. According to the Ontario Securities Commission OSC Bulletin, Ives sold 2,5…
News
New investment being turned off
A growing obsession with environmental regulations and an unnecessarily complicated tax structure are discouraging new investment in Canada’s mining industry, says Lars Eric Johansson, chief financial…
METAL PRICES (May 04, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr 28 Apr 27 Apr 24 Apr 23 Apr 22 Copper 1236-1237 1241-1242 1245-1246 1248-1249 12…
PRODUCER PRICES (May 04, 1992)
ALUMINUM: MW U.S. market US62-62.75 cents per lb. (Apr. 15, 1992). ANTIMONY: New York dealer US78-82 cents per lb. (Mar. 26, 1992). BISMUTH: New York dealer US$2.50-2.70 per lb. (Mar. 26, 1992). CADMI…
TSE Short Positions (May 04, 1992)
Semi-monthly reports as of April 15, showed 26,377,283 shares of 619 issues compared with 24,177,660 shares of 587 issues on March 31. Larger individual positions included: Amax Gold 122,250, down 21,…
S.A. Goldfields looks to future
If a merger between South American Goldfields (TSE) and Golden Star Resources (TSE) proceeds as planned, the amalgamated company would expect to be “a medium-sized and rapidly growing” gold producer b…
Teck to drill Nebex property
Calgary-based Nebex Resources (ASE) says Teck (TSE) will start drilling the junior’s base metal prospect in northern New Brunswick in early May. The prospect lies 3 km north of the 10,000 tonne-per-da…
Queenston and Strike option two properties to Falconbridge
Partners Queenston Mining (TSE) and Strike Minerals (CDN) recently proved that you can still cut a deal with a major by optioning their Robertson Twp. base metal property and another property in north…
Munk welcomes stable gold market
The chairman of one of North America’s largest and most successful gold mining companies, Peter Munk, says the industry is headed for a period of “consolidation, rationalization and upheaval” that wil…
PEOPLE (May 04, 1992)
Andrew Poller appointed vice-president.
Latin America touts its mining potential
Investors looking to participate in mining ventures in Latin America were given an overview of what that part of the world has to offer at a 4-day conference here recently. The conference, titled “Inv…
Magnacon mill deal is extended
A deadline to purchase the Magnacon gold mill near Wawa, Ont., has been extended by two months says Richard Nemis, president of Central Crude (TSE). Nemis says he now has until mid-summer to raise the…