Noranda earnings in decline
Lower metal prices contributed to a drop in the second-quarter and 6-month earnings of Noranda (TSE)). The resources giant announced net earnings for the six months ended June 30 of $33 million (two c…
News
TSE Short Positions (August 05, 1991)
Semi-monthly reports as of July 15, showed 22,733,628 shares of 571 issues compared with 22,630,379 shares of 543 issues on June 30. Larger individual positions included: Amer. Barrick 335,062, up 106…
Stratabound gets backing for exploration from Teck
Calgary-based junior Strata-bound Minerals (ASE) has finally found a major company willing to finance exploration on its New Brunswick base metal properties including the Captain North Extension lead-…
Corona unveils plans to divest non-gold assets
The board of International Corona (TSE) has approved a restructuring plan aimed at separating Corona’s precious metals business from its various other interests. The previously announced plan calls fo…
Alberta Stock Exchange (August 05, 1991)
Reports that Ontex Resources has struck a deal with Placer Dome for further exploration on the Brookbank gold property near Beardmore, Ont., boosted the junior stock by 50 cents to $2.50 during the we…
IOCC Gold Options (August 05, 1991)
Options Open Series Volume Last Interest The New York closing gold price was $362.50 per oz. Last quotations for gold options traded in Montreal and Vancouver as provided at the close of trading each …
MINING TO A LATIN BEAT …. but can capitalismo Latin style last?
Spanish conquistador Pedro de Valdivia, if folklore is correct, met an especially horrific end. Crossing the Atakama Desert in northern Chile on his way to adding yet another South American colony to …
PANAMA GOLD: The search for El Dorado has seized Toronto-based
When Freeport-McMoRan Inc. reorganized in 1989 and started selling off $2.15 billion in non-core assets, Greenstone Resources recognized an opportunity. Already familiar with Latin America through its…
CAT’S HUMUNGUS HAULER
It was an awesome and somewhat incongruous sight. Here, in a desert drag race, were two huge Caterpillar mine trucks — the production-proven 195-ton 789 and its latest sibling, the massive 240-ton 79…
LONG LIFE FOR LONGYEAR
Longyear Canada of North Bay, Ont. has entered its second century of existence. Last year, it celebrated its centenary with the introduction of several new products. For example, “Thin Kerf” wireline …
ON THE MOVE (August 02, 1991)
Appointments of three general managers have been announced by Atlas Copco. They are: Robert McLeod, general manager, tunnelling and mining equipment (based in Montreal); Alan Weiner, general manager o…
LETTERS (August 02, 1991)
A Lamentable Decline First of all, my compliments on the March issue, which was excellent (as are most of the issues). I want to comment on Don Cranstone’s article on exploration expenditures and the …