Cons. Brinco revises Hillsborough deal
Consolidated Brinco (TSE) and Hillsborough Resources (TSE) have revised the terms of their proposed merger to give Brinco shareholders a larger share of the merged company. The revised deal gives Brin…
1991
LETTERS TO THE EDITOR (November 25, 1991)
I was stunned regarding the recent announcement by Eurus Resource that no additional work is to be carried out on the Rock & Roll property of Eurus and Thios Resources (T.N.M., Oct. 28/91). As a longt…
TORONTO STOCK EXCHANGE INDICES (November 25, 1991)
Nov 19 Nov 18 Nov 15 Nov 14 Nov 13 High Low Composite “300” 3515.32 3550.76 3535.48 3575.84 3596.92 4009.47 3009.91 Metals & Minerals 2947.26 2982.22 2999.24 3028.17 3108.57 3453.06 2502.63 Intergrate…
Toronto Stock Exchange (November 25, 1991)
Dark visions of how a sloth-like economic recovery will affect corporate earnings sent share prices in New York and Toronto tumbling downward during the week ended Nov. 19. Recognizing that stocks are…
St. Genevieve would amalgamate certain companies
An amalgamation involving companies within the St. Genevieve Resources (TSE) group of Montreal has been proposed for Jan. 1, subject to shareholder and regulatory approval. To be amalgamated are Bay R…
Placer reports record production
The latest financial and operating results released by Placer Dome (TSE) reveal record gold production and considerable progress being made in the company’s efforts to lower overall production costs. …
Better quarter for Cominco Res.
An improved operating performance has enabled Cominco Resources International (TSE) to reduce its losses this year over those reported a year earlier. A modest loss of $76,000 was reported for the rec…
Agnico hits new zone at LaRonde
Agnico-Eagle Mines (TSE) has discovered a new gold-bearing zone lying 300 ft. north of the main producing horizon at the LaRonde mine near Rouyn-Noranda, Que. Agnico intersected the 2-3 ft. thick zone…
Spot prices at a glance (November 25, 1991)
Week’s Price (US) Change Gold* $362.55 + $6.10 Silver* $ 4.08 + $0.03 Platinum* $366.15 + $2.50 Nickel** $ 3.23 – $0.07 Lead** $ 0.23 + $0.01 Copper{ $ 1.07 – $0.02 Zinc{{ $ 0.52 + $0.04 @SPOTTEXT = C…
Inco’s break-even price hits US$3.30 per lb. nickel
By cutting costs and increasing productivity at its international operations, Inco (TSE) will attempt to remain a low-cost nickel producer, Chairman Donald Phillips told analysts in Toronto recently. …
TSE Short Positions (November 25, 1991)
Semi-monthly reports as of October 31, showed 19,829,016 shares of 582 issues compared with 21,518,619 shares of 580 issues on October 15. Larger individual positions included: Amax Gold 70,600, down …
Soviet factor skews forecasts for nickel market
Worldwide nickel consumption in balance with production until the late 1990s and annual growth in consumption at a galloping 3.4% after that (at least until 2005.) These were the projections of nickel…