FINANCING (January 30, 1989)
VANCOUVER Crisan Res — 600,000 sold for $210,000. Fortress Res — 700,000 sold for gross $245,000. Silver Drake Res — gross proceeds rec $210,000.
News
Metal Prices FUTURES PRICES (January 30, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jan160.00 155.70 155.70 — 3.00 Mar151.90 147.70 148.05 — 0.75 May139.30 137.00 13…
Takeover threat doesn’t alter Falconbridge’s optimism
For Falconbridge Ltd. (TSE) and its inimitable chairman, Bill James, 1988 was one of those years when the gods appeared to be smiling. Riding on record high copper and nickel prices the Toronto base m…
NORANDA INC.
For 9-month period ended Sept 30, 1988. In millions of dollars, except per-share figures. 1988 1987 Assets $5,699 $8,258.6 Long-term debt $2,167.0 $1,706.0 Revenue $6,578.0 $7,366.2 Ear…
Hudson Bay Mining & Smelting
For 9 months ended Sept 30, 1988. In millions of dollars, except per-share figures. 1987 Assets $121.7 $129.6 Long-term debt $10.0 — Revenue $279.1 $234.3 Earnings (loss) $13.6 $35.6 …
COMINCO LTD.
For 9-month period ended Sept 30, 1988. In millions of dollars, except per-share figures. 1988 1987 Assets $1,996,600 $1,815,900 Long-term debt $337,600 $318,000 Revenue $1,160,600 $915,0…
Letter to the Editor Exploration ban in parks results in millions
The announcement on May 17, 1988, that mining exploration would not be allowed in the newly- created park areas in Ontario resulted in the loss of millions of dollars worth of economic activity in Ont…
Cominco Resources increases reserves at Lobo
The Maricunga gold district of northern Chile has at least one obvious parallel to Nevada’s Carlin district in that both regions have the kind of bulk tonnage gold potential that attracts or makes maj…
Noranda announces reserve figure at Mishibishu
Noranda Minerals President Keith Hendrick says Hemlo Gold (TSE), a Noranda subsidiary, has identified geological reserves of 1.7 million tons averaging 0.25 oz gold per ton on Central Crude’s (VSE) Ea…
Investment needed to sustain mine production
Production-sustaining investment at Canadian mine sites has declined some 40 sinc 1981 warn th federa departmen o Energ Mine an Resources. The accompanying graph shows annual production-s…
Calpine’s Eskay Creek discovery largest B.C. find in many years
The latest drill results from the Eskay Creek project of Calpine Resources (VSE) and Consolidated Stikine Silver (VSE) suggests it’s the largest single gold discovery here in many years. Although no r…
Rio Algom completes Kerr-McGee purchase
Toronto-based Rio Algom (TSE) has completed a $28.5-million(US) acquisition of uranium properties owned by Kerr-McGee Corp. and all the issued and outstanding shares of Quivira Mining, a wholly- owned…