TSE Short Positions (August 26, 2002)
Short positions outstanding at August 15, 2002Larger individual positions includeAber Diamond Corporation 301647 down 88375; Agnico-Eagle Mines Ltd. 5573295 down 293714; Atacama Minerals Corp.
2002
SouthernEra to boost Messina stake
With an eye toward increasing its stake in the Messina platinum group metals mine in South Africa, SouthernEra Resources (SUF-T) has agreed to underwrite a rights issue by the mine’s owner, Messina.Me…
Weaker gold price puts chill in eastern markets
The Toronto Stock Exchange’s Composite Index managed to gain 105.22 points, or 1.6% of its value, to end the Aug. 14-20 report period at 6,655.29 points. The brunt of the work was done during the last…
Placer extends Aurion offer
Placer Dome (PDG-T), now with more than 31% of AurionGold’s shares, has again extended its unconditional final bid.Placer’s offer of 17.5 of its own shares for every 100 AurionGold shares plus A35 ca…
Junior exchange sings summertime blues (August 26, 2002)
Vancouver — Canada’s junior exchange continued to slide into bear territory over the week ended Aug 20. The TSX Venture Exchange composite index lost 23.55 points, or 2.3% of its value, to close at 1…
Jack Botsford
Jack Botsford, former vice-president and general manager of Gunnar Mining, has died. He was 90.Botsford was born in 1911 and graduated from the University of Toronto in 1933 with a bachelor of applied…
Enviromental concerns affect boron demand
Consumption of borate in the detergents industry continues to be affected by environmental concerns, according to a report from London-based Roskill Information Services.Economics of Boron (10th editi…
Understanding Graham
I respectfully disagree with the editorial criticism of Ben Graham (Risk without Wealth, T.N.M., July 22-28/02). A pairing of poor values with volatile prices do not make equity markets doubly unattra…
The Northern Miner — Small Producers Index (August 26, 2002)
70.22 (-3.49)(Sept. 30/98 = 100)…
Feds fund scholarships
The federal government has given $24,000 in scholarships to geomatics students under the Geomatics Canada Scholarship Program.Under the plan, 16 college and university students received scholarships w…
LME Warehouse Levels (August 26, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 20 (change from Aug. 13 in brackets):MetalStock (tonnes)ChangeAluminium1295775(-…
Supreme court dismisses Westray suit
The Supreme Court of Canada has refused to hear the merits of a multimillion-dollar civil action against the government of Nova Scotia by representatives of families of workers killed in the Westray c…