1993


NEWS IN BRIEF (April 12, 1993)

Inca Gold Inc. (IGL:VSE) has changed its name to Air Pro Industries Inc. with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Pacific Corporate Trust.



STOCK MARKETS — Diamond exploration ventures fuel

The long odds of finding a potentially economic diamondiferous kimberlite pipe don’t appear to be daunting the growing number of junior companies now looking for such targets in North America. Western…


Spot prices at a glance (April 12, 1993)

Week’s Price (US) Change Gold* $337.15 + $0.25 Silver* $ 3.79 $0.10 Platinum* $360.60 $1.15 Nickel** $ 2.73 $0.04 Lead** $ 0.19 + $0.01 Copper $ 0.92 $0.05 Zinc $ 0.45 $0.00 Courtesy of Scotiabank. In…


Penny stock policy adopted

The Ontario Securities Commission is calling for a risk disclosure statement in the marketing of penny stocks. Effective June 1, such a statement will be provided (except in specified circumstances) t…


GOLD FUNDS (April 12, 1993)

Gold Funds as of Apr. 6 BGR Central Net Value $9.70 $5.14 Price $7.75 $5.00 Discount 20.09% 2.7% Value $54,329,000 $84,121,500…


Exploration shaft sunk at Holloway

A shaft has been sunk at Hemlo Gold Mines’ (TSE) Holloway gold project, near Matheson, Ont. The 441.4-metre exploration shaft was finished in March, on schedule and slightly under budget, says Ian Atk…


PRODUCER PRICES (April 12, 1993)

ALUMINUM: MW U.S. market US52.75-53.50 cents per lb. (Apr. 1, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 11, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992…


METAL PRICES — FREE MARKET (April 12, 1993)

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr. 6 Apr. 5 Apr. 2 Apr. 1 Mar. 31 Copper 1373-1374 1388-1389 1410-1411 1406-1407 1…


TSE SHORT POSITIONS (April 12, 1993)

Semi-monthly reports as of Mar. 31, showed 61,066,784 shares of 662 issues compared with 67,018,621 shares of 655 issues on Mar. 15. Larger individual positions included: Aber 60,100, down 33,956; Ade…


Sherritt offering

Sherritt Gordon (TSE) has made a public offering of US$200 million aggregate principal amount of 934% notes due April 1, 2003. The underwriter is Goldman, Sachs & Co. Sherritt will use the proceeds pa…


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