Bid anticipated for Kerr copper-gold deposit
The “for sale” sign posted on the Kerr copper- gold project near Stewart, B.C., has piqued the interest of at least 26 major mining companies. Earlier this summer Western Canadian Mining Corp. (VSE) r…
1989
Metal snips (August 21, 1989)
The world’s major tin producer- nation last year was Brazil, the U.S. Bureau of Mines in Washington, D.C., reports. In second place was Indonesia, with Malaysia, usually leading the pack, falling to t…
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…
Earnings Report (August 21, 1989)
Battle Mountain Gold (TSE) reported a net income of $8.1 million(US) or 12 cents per share for the second quarter. In the same period last year, the company reported net earnings of $16.1 million or …
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…
Queries Name change for Athona Mines
Do you have any information about a company called Athona Mines (1937) Ltd.? Please provide details regarding the current status of this company, and the procedure in order to sell a share certificate…
Conference
The third Metals Week lead-zinc conference will be held March 5-6, 1990 in Tapatio Cliffs, Ariz. The strong zinc and lead prices of late have benefited many producers, but high prices bring problems a…
obituaries Ovide D. Maurice
Ovide Dollard Maurice, a former director of the Geological Exploration Services of the Quebec Department of Natural Resources, died recently at age 70. Born near Midland, Ont., Maurice graduated from …
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…
Toronto Stock Exchange Falconbridge, Corona keep mining sector hot
Mining activities continued to generate plenty of excitement on the Toronto Stock Exchange for another week. The Supreme Court of Canada handed down its landmark ruling on the LAC-Corona battle over t…