No longer able to service its substantial debts, Curragh took shelter from its creditors during the week ended April 6. The zinc miner’s filing for court protection may signal the death of a company t…
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…
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…
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 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…
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…
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…
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…
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 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…
Ontario prospectors found themselves defending the Kirkland Lake diamond play against an onslaught of negative commentary at a recent short course presented by the Prospectors and Developers Associati…
It is cash flow that ultimately pays for construction, equipment and the acquisition of new machinery that, in turn, enable companies to expand production and grow. In manufacturing, there is an 18-mo…
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