News in Brief (March 20, 1989)
Lone Jack Resources has changed its name to Performance Minerals of Canada on a share-forf-share basis.
News
Editorial Getting an edge from technology
It’s not good enough for a mining company just to mine anymore. Today in order to prosper a mining company must also be adept at computer processing, be intimately familiar with the world of high fina…
Dickenson management welcomes Goldcorp bid
A second bidder has come forward with proposed takeover offers worth a combined $107 million for associated companies Dickenson Mines (TSE) and Kam-Kotia Mines (TSE). Toronto-based gold fund Goldcorp …
Pelham Gold to explore Monk’s Wawa gold bet
Vancouver-based Pelham Gold (ASE) has signed an option to earn a 51% interest in the Monk Gold (ASE) property near Wawa, Ont. According to Pelham, the decision was taken after it completed a review of…
Editorial Loony tune?
It might sound a bit loony, but the mineral potential of the moon is being given some serious consideration these days by some credible sources. The latest input into the discussion comes from Gregg…
Inco looks to fifth record quarter results
Inco Ltd. (TSE) is expecting its best quarter ever this year for the period ended March 31. The world’s largest nickel miner says this quarter’s results will represent its fifth consecutive record qua…
COATS Trading Features (March 20, 1989)
An active trader and volume leader again this week was Hanson Mineral Exploration which is planning to amalgamate with Perch River Mines, a private company controlled by J. McAdam and J.T. Flanagan. T…
Stan West mine closed
Operations at the problem- plagued McCabe gold mine have been temporarily suspended by Stan West Mining. Operating losses of $750,000(US) in January and February forced the mine’s closure, chairman Fr…
Santa Fe subsidiary developing 100,000 oz gold mine in Nevada
The minerals subsidiary of Santa Fe Southern Pacific Cor (NYSE), whose interests include transportation, real estate, and natural resources, plans to develop a major new gold mine in Nevada. Santa Fe …
Montreal Exchange No pattern to trading
Mixed trading characterized the week on the ME, with a province- wide power failure slowing activity considerably on one trading day. The Monday morning blackout prevented the exchange from functionin…
Earnings Report (March 20, 1989)
Uranium Resources (VSE) reports net earnings for the fourth quarter of $983,000(US) or 4 cents per share on revenue of $8.42 million. For the same period a year earlier the company reported a net los…
Placer, Tundra option
Placer Dome Inc. (TSE) has acquired an option on the McKenzie Break gold property held by Tundra Gold Mines (VSE). The 406-claim property is in Fieldmont and Courville twps., about 15 miles northeast …