Conwest, Faraday, MRI report healthy earnings
Three related companies in the energy and mineral resources industries reported healthy profits for 1987. Conwest Exploration (TSE) recorded net income of $33.9 million ($3.01 per share) compared with…
News
Metal Prices PRODUCER PRICES (April 18, 1988)
ALUMINUM: MW U.S. Market $1.11-$1.21 per lb. (Apr 7, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.70-$5.85 per lb. (Mar 24, 1988). CADMIUM: New York…
Metal mining tax peculiarities (1)
Oh, how we hate to pay taxes. Even so, some taxes make us angrier than others. Revolutionary changes took place in the taxation of the mining industry in Canada in 1973 and 1974 and the effects are st…
Agassiz buys shares
Agassiz Resources (TSE) has acquired an additional 50,000 shares of Twin Gold Mines (ASE). The acquisition gives Agassiz 1.35 million Twin Gold shares or a 56.75% interest in the company. Twin Gold co…
Golden Pheasant program
A geophysical survey has been completed by Golden Pheasant Resources on a property in Carman and Langmuir twps., Ont. A priority exploration target is an anomaly associated with a drill hole completed…
Jonpol, T & H bid
Two Toronto-based companies, Jonpol Explorations (TSE) and T & H Resources (TSE), have proposed a takeover bid for Newfield Mines (COATS) of Toronto. The two companies are offering to buy up to 750,00…
Books (April 11, 1988)
Straight Talk — Three-part series aimed at the novice investor looking for more information to commonly asked questions about the exchange, stockbrokers and risk. For a free copy contact: Toronto Sto…
Flint Rock flow-through to finance Teck program
Downsview, Ont.-based Flint Rock Mines (VSE) says it is seeking approval for a $105,000 flow- through share issue for exploration at a property in the Larder Lake, Ont., region. Flint Rock says the is…
Letter to Editor Kiena offer too low
Regarding the amalgamation of Kiena Gold Mines with Placer Dome Inc., it has to be the largest steal of the century. Mr Hick, Placer’s secretary, states the share exchange represents a 15% premium to …
Dickenson Mines plots new strategy for growth
A change in image is in the works for Dickenson Mines (TSE). The Toronto-based company, incorporated in 1945, is known basically for its operation of the Arthur W. White gold mine near Red Lake in nor…
Rockford group, Gold Vessel Res in agreement
A letter of intent has been signed between companies in the Rockford Group and Gold Vessel Resources (ASE). Members of the Rockford Group include Rockford Minerals (TSE), Northfield Minerals (ASE) and…
Tyranex takeover planned by Gunnar
A takeover offer has been made by Gunnar Gold Inc. for all the issued and outstanding shares of Tyranex Gold. Gunnar is offering three Gunnar shares and a $2 debenture for each four shares of Tyranex …