Imperial finds diversification a mixed blessing
Like a good many companies with a broadly diversified asset base, Imperial Metals (TSE) has found that diversity is indeed a two edged sword. President Pierre Lebel told shareholders during the recent…
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Pacific Trans gets closer to Ketza finance solution
Pacific Trans-Ocean Resources (TSE) has taken the first step toward satisfying its financial commitments at the Ketza River joint venture near Ross River, NWT., the company said recently. Pacific Tran…
Montreal Exchang Two mine openings
The stock market news doesn’t seem to get any better as the summer nears an end. The Montreal Exchange experienced a downturn this past week with both the general market portfolio index and the mining…
Editorial Research teamwork
Canada’s idea generators (our universities) are actively lobbying Canada’s cash generators (our industries) in search of the financial support needed to translate academic abstractions into practical …
Lindsley shaft Falconbridge’s first in Sudbury in past decade
Falconbridge Limited (TSE) recently collared what will eventually be a 4,500-ft exploration shaft at its Lindsley base/precious metals project in the Sudbury, Ont., region. The Toronto-based nickel pr…
For Sale sign not up at Westmin
The “For Sale” sign is not out at Westmin Resources (TSE) according to a senior executive with the company. But R.H. Ostrosser, executive vice president at Westmin, told The Northern Miner that Norand…
Atlanta Gold Drilling Increases Reserves
The 1988 drilling program has significantly increased proven reserves on the Atlanta project in Idaho, says Atlanta Gold Corp. (VSE), which is curmine. The company can acquire 100% control (subject to…
Investment Comment QPX has Placer Dome’s backing
Finding a listed company that offers a combination of potential for capital gains associated with penny mining stocks and blue-chip credibility isn’t easy. Some might say it’s impossible. Other invest…
Nerco Minerals sticking with precious
Speculation that Nerco Minerals wants to get out of the precious metals business has been denied flatly by the company. A few weeks ago Nerco said it was considering the sale of interests in certain p…
CoCa earnings drop
Sharply lower earnings have been reported by CoCa Mines for the 6-month period ended June 30. Net income was $317,400(US) or 4 cents per share compared to a $1.7 million profit or 22 cents last year. …
Marshall Minerals’ Sangold offers encouraging results
Preliminary assay results from Marshall Minerals’ (ASE) Sangold property west of Timmins, Ont. have produced some encouraging results. They include a 38.5-ft intersection which assayed at 0.30 oz gold…
City Resources Launches Exploration Subsidiary
By late September, City Resources (Canada) (TSE) expects to have in hand the final feasibility study for its Graham Island gold project in British Columbia. In the meantime, the Australian-backed mini…