Alcan earnings tumble in 1990
Fourth-quarter net income picked up for Alcan Aluminum (TSE) but the Montreal-based aluminum producer saw its overall earnings dip in 1990 to US$543 million from US$835 million for the previous year o…
Articles by Northern Miner Staff
Denison unable to redeem its shares
Toronto-based uranium producer Denison Mines (TSE) has announced that it doesn’t have enough cash to redeem any of its 7-million series B preferred shares on March 15. Bill James, appointed president …
FINANCING (January 28, 1991)
Toltec Resources Ltd — 300,000 units offered @ 95 cents per unit.
Hounded by shortsellers, Chase offers legal opinions to dispel
Recent trading activity in Chase Resources (VSE) suggests shortsellers have been betting the company will fall from grace over its promotion of a copper-gold property in the Philippines. Late last yea…
Publishing date changed for U.S. mines handbook
The American Mines Handbook, a compendium of mining companies active in the U.S. and other related information which is printed annually by Southam Business Communications Inc., is changing its publis…
Dayton raises $3 million for Chilean Andacollo gold project
Vancouver-based Dayton Developments (TSE) has successfully completed a private placement of convertible subordinate notes for net proceeds of $3,023,000. Proceeds from the placement will be used to co…
PEOPLE COMINCO AMERICAN RESOURCES
Bob Ruess appointed senior mining engineer.
EDITORIAL PAGE The wasted potential of COATS
The transfer of authority for Ontario’s over-the-counter securities market from the Ontario Securities Commission to The Toronto Stock Exchange dooms unlisted stocks in the province to a feeble market…
Lawsuit against Goldcorp dismissed
A legal action commenced in 1989 in the Massachusetts district court against Toronto-based Goldcorp Investments (TSE) was recently dismissed by the presiding judge for the case. A spokesman for Goldco…
Cominco discovers large copper-gold porphyry in Alaska
Just when it seemed junior companies were stealing the limelight in making discoveries, a unit of Cominco (TSE) announced it had discovered a porphyry-style copper-gold deposit at its Pebble Beach pro…
NEWS IN BRIEF Stratabound Minerals
The Caparo Group of London, England, has increased its stake in Stratabound Minerals (ASE) to 698,167 shares or about 19.4% of the latter company’s outstanding shares. Caparo, a private United Kingdom…
U.S. REPORT Kennecott gets OK for Wisconsin mine
The Flambeau copper deposit in Rusk Cty., Wis., has finally been granted the production go-ahead by Wisconsin’s Department of Natural Resources. Flambeau Mining, a unit of Kennecott, hopes to be shipp…