Toronto Stock Exchange Indices (November 27, 1995)
— 1995 — Nov 21Nov 20Nov 17Nov 16Nov 15HighLowComposite”300″4624.704600.754599.644575.714560.494718.273983.34Metals&Minerals5141.114970.074937.974927.034927.745276.123273.56Inte…
1995
Greenshield completes survey on Alexis River property
Airborne surveying has been completed on the Alexis River property of Greenshield Resources (CDN), 250 km southeast of Goose Bay, Labrador. The survey shows zones of high magnetic susceptibility that …
Approval still pending for Azco-Phelps Dodge deal
Six months have passed since Azco Mining (AMEX) announced it was selling two copper deposits — one in Arizona, the other in Mexico — and the board of directors is still having difficulty convincing …
Correstions
The Minoro property held by Tombstone Explorations (TSE) and Mar-West Resources (VSE) is situated in Honduras. A recent story on the copper-gold project (T.N.M., Nov. 20/95) did not state the property…
Denison OKs plan of arrangement
The board of directors of Denison Mines (TSE) has approved a plan of arrangement for the company whereby holders of preferred shares will receive 25 new common shares for each preferred share held, an…
Ladner Creek drilling returns gold
Drilling on the Ladner Creek mine project near Hope, B.C., is returning encouraging results for Athabaska Gold Resources (TSE).The company is working to boost the mining reserve accessible from existi…
Index (November 27, 1995)
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TSE short positions (November 27, 1995)
Short positions outstanding at October 31, 1995Larger individual positions included: Barrick Gold 5,459,772; Agnico-Eagle 195,525; Anderson Expl. 132,100; Bema Gold 1,366,400; BGR Precious Metals 114,…
RTZ inks deal with Ecuadorian
Mining conglomerate RTZ (NYSE) intends to acquire a controlling interest in the Beroen gold property, west of Cuenca, Ecuador.The current owner, Ecuadorian Minerals (TSE), has identified several areas…
Miramar reports higher costs at Con
Production costs have increased at the Con underground gold mine near Yellowknife, N.W.T., reports owner Miramar Mining (TSE).The company earned 29 cents per share, or $14.6 million, for the 9-month p…
Gold City set to acquire Cyn-Tech
In a move to raise exploration funds for its projects in British Columbia, Gold City Mining (VSE) intends to issue a takeover bid for all the shares of Consolidated Cyn-Tech Ventures (VSE).The takeove…
NovaGold Res. restructures loan
An agreement has been reached between Nova Gold Resources (TSE) and its banker, National Bank of Canada, that will allow the former to restructure a $1.9-million loan.The loan was incurred by NovaGold…