TSE Short Positions (September 30, 1991)
Semi-monthly reports as of September 15, showed 22,743,881 shares of 607 issues compared with 21,859,304 shares of 574 issues on August 31. Larger individual positions included: Alliance Res. 48,500, …
News
PROFILE (September 30, 1991)
The time: after dark. The place: an Ontario provincial park. Prospector Pete, who wears a grizzly red beard and a funny old hat, comes from the ice age. Stomping around in big boots before an audience…
U.S. REPORT (September 30, 1991)
New York-based metals giant Asarco (NYSE) has reached a settlement with the U.S. federal government over alleged health and safety rule violations at its East Helena smelter in Montana. Back in 1988, …
Vancouver Stock Exchange (September 30, 1991)
Despite a boost in the price of gold over the US$350 level again, the resource index remained flat over the week ended Sept. 24 at 533.63 while the composite index managed a 3.82-point gain to finish …
Big Hydro rate hike in works
Ontario mining companies already under pressure from sagging metal prices are preparing to pay more for electricity after Ontario Hydro announced that it will increase its rates by an average of 11.8%…
Alberta Stock Exchange (September 30, 1991)
Following its court battle with Metalore Resources over the Brookbank gold property in northwestern Ontario, Ontex Resources has announced a letter of intent covering an option deal with large gold pr…
New deposit at Matagami camp
Surface drilling on the western portion of the Orchan property near Matagami, Que., has discovered a deep, massive sulphide deposit with one hole intersecting 130.1 ft. grading 17.31% zinc and 2.11% c…
EDITORIAL PAGE (September 30, 1991)
American Barrick Resources Chairman Peter Munk stands to make $36.6 million when he sells two million shares he bought earlier this year through stock options granted in 1987. Munk will likely take a …
Horne Fault takes option on tailings
In return for a US$2.5-million payment, Horne Fault Mines (CDN) has been given the option to acquire a 2.2% net smelter royalty on a gold tailings recovery operation in the southwestern U.S. A metallu…
INSIDER TRADING (September 30, 1991)
Michael Pickens, the Yorkton Securities mining analyst who was instrumental in helping Wheaton River Minerals (TSE) to sell its initial public offering, recently became a shareholder of the Toronto ju…
Atlanta placement terms amended
Atlanta Gold (TSE) recently amended the terms of its private placement of stock-warrant units to Consolidated Ramrod Gold (TSE) at the request of The Toronto Stock Exchange. Subject to regulatory appr…
Deep-drilling polymetallic find Victor a major new discovery for
Crowning 16 years of exploration by Inco (TSE) in the Victor area on the eastern rim of the Sudbury, Ont., basin, three deep drill holes have returned assays that are little short of momentous. Grades…