NEWS ROUNDUP — Republic finds new gold zones
Two potential open-pit gold zones have been identified on the dormant Congress property in Arizona. The Golden Wave and Bellick zones are north and east, respectively, of the Congress mill. Republic G…
1994
Rio Algom raises $180 million
After announcing it would sell 7 million units at $22.50 each, Rio Algom (TSE) added another million shares at the same price. Gross proceeds are expected to be $180 million. Each unit will consist of…
Spot prices at a glance (February 14, 1994)
Week’s Price (US) Change Gold* $380.25 – $4.70 Silver* $ 5.25 – $0.03 Platinum* $389.50 – $2.50 Nickel** $ 2.60 – $0.08 Lead** $ 0.22 – $0.01 Copper $ 0.84 – $0.02 Zinc $ 0.44 – $0.02 Courtesy of Scot…
Toronto Stock Exchange Indices (February 14, 1994)
— 1994 — Feb 8 Feb 7 Feb 4 Feb 3 Feb 2 High Low Composite”300″ 4452.18 4448.71 4447.19 4560.28 4573.43 4601.09 4286.54 Metals&Minerals 3805.59 3760.44 3703.35 3795.05 3820.54 3855.09 3495.59 Integra…
INSIDER TRADING — Echo Bay officers active
Two officers of Echo Bay Mines (TSE) exercised options and sold shares in early January. According to the Ontario Securities Commisssion OSC Bulletin, senior officer John Zigarlick Jr. exercised optio…
CORPORATE TRENDS — Regulators and the market
Like most idealistic initiates to the world of regulatory processes, I have a little dream. My dream is one of markets which are competitive and of securities which are sold honestly, so that investor…
O’Neill speaking at CIM
The Bank of Montreal’s Tim O’Neill will speak on “old industries in the new economy” when he addresses the Feb. 17 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Pe…
Trading records set by TSE
The Toronto Stock Exchange recorded its most active day ever on Feb. 3 when 106.3 million shares worth $1.3 billion (not a record) were traded. The daily feat comes on the heels of monthly records set…
SEG amalgamation
Orimar Resources is amalgamating with SEG Exploration (ME). The new company will retain the name, SEG Exploration.
LAST BUT NOT LEAST — Eastern Stone reopens quarry
The Belmont Rose granite quarry has been reopened. The eastern Ontario quarry produces granite blocks for sale to North American monument manufacturers and construction companies. Belmont Rose Granite…
Inco turns profit in 1993
Red ink flowed in the last quarter of 1993, but Inco (TSE) turned a profit on the year. Net earnings (unaudited) for last year amounted to US$28.2 million, compared with a net loss of US$17.6 million …
Glamis Gold boosts Imperial interest
Gold producer Glamis Gold (TSE) plans to buy a 35% interest in the Imperial County project in California. In exchange for paying $1 million in cash to Arizona Star Resource (VSE), Glamis would acquire…