TSE SHORT POSITIONS (June 01, 1992)
Semi-monthly reports as of May 15, showed 26,957,661 shares of 630 issues compared with 25,039,057 shares of 599 issues on April 30. Larger individual positions included: Amax Gold 80,950, up 62,550; …
1992
Cuba boosts sales of nickel to West
Cuba says it has quadrupled nickel sales to western countries and it has plans to double its nickel production by the year 2000. Dependent economically in the past on the former Soviet Union (for exam…
Tri Origin finds new mineralization at Lewis Ponds
Tri Origin Exploration (TSE) has released the first results from its Lewis Ponds base metal project in Australia. Hoping to find a polymetallic massive sulphide deposit, Tri Origin is completing a 5-h…
Silver Glance negotiating for fluorite project financing
Management of Silver Glance Resources (VSE) is involved in early-stage negotiations with an undisclosed sponsor to raise about $20 million to continue advancing its fluorite deposit in La Paz Cty., Ar…
METAL PRICES (June 01, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 26 May 25 May 22 May 21 May 20 Copper 1221-1222 N/A 1231-1232 1225-1226 1218-121…
INSIDER TRADING (June 01, 1992)
SouthernEra Resources (TSE) director Lee Barker is poised to benefit from any new developments in the Lac de Gras diamond hunt after picking up 100,000 shares of the Northwest Territories explorer. Ac…
PRODUCER PRICES (June 01, 1992)
ALUMINUM: MW U.S. market US59.50-60.50 cents per lb. (May 14, 1992). ANTIMONY: New York dealer US78-83 cents per lb. (May 14, 1992). BISMUTH: New York dealer US$2.45-2.70 per lb. (May 14, 1992). CADMI…
Royal Oak takes tough stand on Giant strike
Recently Royal Oak Mines (TSE) mobilized a team of contract miners to replace striking workers at its Giant mine near Yellowknife, N.W.T. — an unusual move in the industry. As might be expected, the …
U.S. REPORT (June 01, 1992)
Reserves at the Imperial County project in southeastern California received a significant boost upon completion of a preliminary feasibility study on the Indian Rose and Ocotillo deposits. The project…
Experts compare Dia Met with South African mines
Without waiting for a detailed examination of diamonds found by Dia Met Minerals (VSE) and BHP-Utah Mines on their Lac de Gras property, analysts are already comparing the grades with gem stones mined…
U.S. REOPORT
Startup operations are expected to begin soon aimed at bringing the Formosa-Silver Butte zinc-copper mine near Riddle, Ore., back into full production this summer. Operator Formosa Resources (VSE) bro…
Aber share volume heavy as staking activity continues
Diamonds proved to be a mining investor’s best friend during the week ended May 26 as a number of issues responded to the latest developments in the Lac de Gras, N.W.T., area. Since partners Dia Met M…