1991


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…


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…




Global growth on BHP agenda

Australian conglomerate The Broken Hill Proprietary Co., with interests in mining, oil and gas and steel production, is looking to grow internationally. “We actively seek to expand our overseas invest…


New offering planned by Barrick

A public offering worth $113 million is planned by American Barrick Resources (TSE). The offering of four million common shares was announced on a “bought basis” at $28.25 per share. The shares will b…


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…


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