COATS (Over-the-counter) McNickel lower
The shares of McNickel Inc. slipped lower by 10 cents this week, closing at $2.90 on a heavy volume of nearly 400,000 shares. President John McAdam reports drilling on the company’s Lac St. Jean, Que….
News
Equity Silver earnings up 125%
Higher sales volumes of precious metals helped bring about a 125% increase in earnings for Equity Silver Mines (TSE) in the first half of 1989. The Placer Dome (TSE) subsidiary reported earnings for c…
Williams court battle chronology
* 1981 — Junior-mining company International Corona Resources (later to become Corona Corp.) stakes a group of claims in the Hemlo area. — Prospector Donald McKinnon, who took part in the Corona sta…
Noranda, Swedish ally up bid for Falconbridge
A bidding war for Falconbridge Ltd. (TSE) may be under way. Noranda Inc. (TSE) has teamed with Swedish firm Trelleborg AB and made a $2.2-billion(C) offer for the nickel producer. Noranda and Trellebo…
China First options Union Nickel deposit
China First Capital Corp. (VSE) of Toronto says it has obtained an option to earn a 100% interest in the Union Nickel-Copper deposit in Knox County, Maine. The agreement requires China First to pay an…
Queries Peterson certificates rich in history
I would appreciate knowing the history of a company called Peterson Cobalt Mines Ltd. I hold a stock certificate for 500 shares purchased back in 1928 for $1 per share. Also, please advise me regardin…
Metal Prices (August 21, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug 15 Aug 14 Aug 11 Aug 10 Aug 9 Copper 1752-175…
Newmont does it again: new hole grades 350 ft of 0.77 oz gold
A $404-million(US) development program at Newmont Gold’s Carlin, Nev. operations is paying off for the 90%-owned subsidiary of Denver-based Newmont Mining. The development program, now almost complete…
Montreal Exchange Focus on legal ruling
Resolution of the lengthy court battle between Corona Corp. and LAC Minerals vied for investor attention this week with the ongoing Louvicourt Twp. copper-zinc exploration project of Aur Resources and…
Alberta Stock Exchange Pan East big trader
Having approved two convertible debenture issues and resolved an ownership question over two large blocks of its own stock, Pan East Resources has $700,000 in the kitty for future acquisitions. The is…
Cyprus Minerals boosts earnings
The latest financial results for Denver-based Cyprus Minerals (NYSE) show earnings of $61 million(US) or $1.48 per share on revenues of $453.5 million for the second quarter of 1989. These results sho…
Imperial reports record year
After completing its fifth consecutive year of profitable operations, Imperial Metals Corp. (TSE) reported record earnings of 19 cents per share on net income of $3.18 million for its fiscal year ende…