ODDS’N’SODS — A draftsman under suspicion
In 1936-37, the reorganized Paymaster Consolidated gold mine near Timmins, Ont., was limping along; money was scarce for several years. Our master mechanic, Bill White, needed a draftsman-designer but…
1994
TSE SHORT POSITIONS (August 08, 1994)
Semi-monthly reports as of Jul 15, 1994 showed 265,326,185 shares of 901 issues compared with 249,548,306 shares of 870 issues on Jun 30, 1994. Larger individual positions included: Aber 111,500, up 6…
Int’l Platinum awaits review
Investors in International Platinum (TSE) continue to await the results of an independent evaluation of its Black Rock project in Arizona. According to David Powell of IPC’s investor relations office,…
Jarvis to complete private placement
A private placement of 107,360 units at $1 each has been negotiated by Jarvis Resources (VSE). A unit consists of one common share and one non-transferable warrant entitling the holder to buy an addit…
Third Escondida expansion approved
The owners of the Escondida copper mine in northern Chile’s Atacama Desert have expanded production capacity twice since operations started in November, 1990. The partners now plan to spend US$520 mil…
Ruling not overturned: Gold Reserve
Two mining companies are at odds over a court ruling dealing with property rights in Venezuela. Gold Reserve (TSE) of Spokane, Wash., says TVX Gold (TSE) was incorrect in announcing that a ruling in f…
Inco assesses shaft damage
The main T-1 mine shaft at the Manitoba division facilities of Inco (TSE) in Thompson, Man., will not return to normal operation until the second-half of September, the company says. Inco recently com…
LETTERS TO THE EDITOR — Lab standards needed for diamond
I write in an attempt to warn shareholders and analysts of the possibility of erroneous conclusions when dealing with micro and macrodiamond counts as released by public companies in Canada and elsewh…
Inco reports quarterly loss despite improved metal prices
Nickel and copper prices have improved, but Inco (TSE) continues to spill red ink. The company reported a second-quarter net loss of US$7.6 million, compared with a net loss of US$2.2 million for the …
STOCK MARKETS — TSE composite index rises despite drop in
Although most major metal prices took a tumble, the Toronto Stock Exchange posted a moderate gain for the 5-day report period ended Aug. 2. The composite 300 index jumped just more than 60 points, or …
BOOKS IN REVIEW — Post-Soviet impact on minerals markets
Change in the Former Soviet Union and its Implications for the Canadian Minerals Sector: The Cases of Copper, Gold, Nickel and Uranium, by David Haglund, S.N. MacFarlane and Vladimir Popov, with Ol’ga…
St Andrew suspends production at Stock
Production has been suspended at St Andrew Goldfields’ (TSE) Stock Twp. mine near Timmins, Ont. The mine is being prepared for an extensive underground exploration program that was originally schedule…